What is it with dollar stores? Dollar Tree has yet again been hit with a fine for safety violations. The culprit in this case was a store in Pewaukee, WI.
Dollar stores continue to be the fastest growing retail channel today, both in terms of the number of new stores and the number of shopping visits.
Forbes magazine is breathless about Dollar General.
While I may live in one of the most enviable places in the world for grocery shoppers—Austin, TX, a place where I can reach one of the world’s best grocery stores in less than 10 minutes—I’ll never forget my roots.
As dollar stores experiment with new formats and fresh product lineups, they’re also exploring higher price points that would allow them to offer more variety, but still at a price that beats the competition.
A major challenge for dollar retailers is many consumers, both regulars and new, often don’t realize the stores even carry fresh produce.
Two of the biggest challenges for dollar stores in the produce category are controlling costs and shrink.
While there are a number of factors spurring the growth of dollar stores, including lower prices and their proximity to shoppers, the pandemic has factored into the equation as well.
Fresh produce, while a difficult category under the dollar-store business model, can be beneficial for retailers and suppliers alike from a traffic and profitability standpoint.
Most shoppers in the dollar retail sphere are familiar with the top competitors: Dollar General, Dollar Tree, and Family Dollar. What they might not know is that one of the companies actually owns another.