"A growing number of Americans are relying on dollar stores for everyday needs, especially groceries, as the coronavirus pandemic drags into its 18th month. Chains such as Dollar General and Dollar Tree are reporting blockbuster sales and profits, and proliferating so quickly that some U.S. cities want to limit their growth. The 1,650 dollar stores expected to open this year represent nearly half of all new national retail openings, according to Coresight Research.Foot traffic at the largest such chain, Dollar General, is up 32 percent from pre-pandemic levels, far outpacing the 3 percent increase at Walmart, one of the few retail winners of last year, according to Placer.ai, which analyzes shopping patterns using location data from 30 million devices."
Continue reading the article online (subscription maybe required)
https://www.washingtonpost.com/business/2021/08/20/growing-number-americans-are-relying-dollar-stores/
 |
| A shopper pushes a cart through Family Dollar in Chicago. (Daniel Acker/Bloomberg News) |
