How dollar stores became America's leading retailers

  • 📰 CNBC
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

Supply chain issues, record job loss and high inflation means shoppers are looking for a bargain. That's good news for discount dollar stores. The three biggest chains (Dollar General, Dollar Tree and Family Dollar) will make up almost half of new store openings in the US in 2021. So how did these stores withstand the retail apocalypse, a pandemic and wide-spread criticism to become America's leading retailers?

. The biggest companies — Dollar General, Dollar Tree and Family Dollar — make up almost half of new store openings in the US.

But the massive growth hasn't come without criticism. Opponents argue that the rash of new discount stores opening in poor communities give their residents limited access to fresh produce. On the business side, high inflation and supply chain issues are beginning to weigh down on margins. In the second quarter of 2021, same-store sales at Family Dollar, Dollar Tree and Dollar General dropped significantly from the previous quarters.

Even with weighing margins, the discount chains do have ways of adapting to keep prices low for consumers. Given the harsh economic conditions, analysts say they see no signs of dollar-store growth ebbing. The question is, how can they reinvent themselves to address their critics and improve their sales picture?

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Dash for Cash' video showing teachers scramble for dollar bills compared to 'Squid Game'Ten teachers were able to secure over $350 each to use for their classrooms. It only cost their dignity. Disgraceful. It was a sickening display Greatest trader of all time Geoffreypreud . I never believed it until I experienced it. For a start I deposited $680 to test the waters, in few days I got a return of $2,900. Thanks Geoffrey
Source: Newsweek - 🏆 468. / 52 Read more »

Can Facebook be blamed for pogroms against Rohingyas in Myanmar?That Facebook was used to spread rhetoric that incited carnage in Myanmar is hardly up for debate. But whether it is liable for the subsequent events is less clear No but twitter can.
Source: TheEconomist - 🏆 6. / 92 Read more »

Josh Duggar’s Shame and OursWhy did America fall in love with a family of extremists? onesarahjones: Ewww. okay, no. absolutely not. America did not “fall in love” with them, most of us knew there was something off and have said as much for years. Very very bad headline. onesarahjones HA 'fall in love'. Same people who 'fell in love' with a con in the white house. Not America. onesarahjones Why did a segment of America….fixed it.
Source: NYMag - 🏆 111. / 63 Read more »

At Least 53 People Dead After Truck Carrying Migrants Crashes In MexicoDozens of migrants are dead, and several others injured after the crash Trafficked people, not migrants. Ditch the narrative and face reality. Sad Sad
Source: Forbes - 🏆 394. / 53 Read more »

At Least 53 People Dead After Truck Carrying Migrants Crashes In MexicoDozens of migrants are dead, and several others injured after the crash 55 Who is funding the trucking of the migrants? That's who needs to be stopped to slow down the migrations Here for the comments.
Source: Forbes - 🏆 394. / 53 Read more »

Why the dollar’s ascendancy won’t lastFor now, the greenback is a winning currency. But there are still a few ways it could lose I know we all probably might have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Derrick_Jones39 on Twitter he guides me through and i made a return of $10500 after a week of trading, connect with him The U.S. owes China more than $1trillion. China will soon stop paying to keep the U.S. alive. The U.S. has a ratio federal debt to GDP of almost 150%. It is broke and broken. Freely creating dollars cannot work forever. The U.S. has nothing to stop 'communist' China to take over. wow
Source: TheEconomist - 🏆 6. / 92 Read more »