Relevant:
- Dollar stores are booming because people are getting poorer
- "Things Are Worse" - Dollar Stores' Startling Admission: Half Of US Consumers Are In Dire Straits
- Dollar stores are everywhere. Cities call it a plague and fight back.
- The difference between investing in the dollar store economy and living in it: 20 percent of Americans now receiving food stamps. Dollar stores become a growth industry and top one percent gobble up all income gains after recession.
- United States of Dollar Stores -- dollar stores see a rise in households making $70,000
2014-08-18 — nytimes.com
...
It is a view shared by Richard W. Dreiling, Dollar General's chairman and chief executive. "It's fair to say that the economy is creating more of our core customers," he said. "The middle-income customer is getting squeezed."
That has inspired Dollar General and Dollar Tree to expand their empires by pursuing Family Dollar, which started out selling household goods for a dollar more than five decades ago. Now many of its items -- like food products, underwear and home décor -- cost a bit more, though they are still heavily discounted.
...
Uniting Dollar General and Family Dollar would create a huge retailer in the deep-discount market. Together, the two would have almost 20,000 stores and more than $28 billion in revenue.
Bulking up could also better defend Dollar General against Walmart's efforts to move beyond its bigger-is-better model and into the smaller-store format used by the dollar stores.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.