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?
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.
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
Read more »
Josh Duggar’s Shame and OursWhy did America fall in love with a family of extremists? onesarahjones:
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
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
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
Read more »