Friday, January 27, 2012
Dollar stores have grown into a $56 billion industry, a 43% increase since 1998.
One of the few niches of retail expanding in a dim economy, the dollar store industry’s four top players — three of which are Fortune 500 companies — are no longer snubbed by developers, landlords, investors and consumers because of their perceived working-class customer. Publicly traded Dollar General, Dollar Tree, Family Dollar and 99 Cents Only Stores are expanding rapidly — so much so, a recent report by Colliers International found, that there are more dollar stores nationwide than drugstores, a profound conclusion given the nation’s aging population.
Dollar stores have responded to the new value-obsessed consumer by providing a brighter, cleaner retail experience with a dependable, well-edited selection of goods, including many food items, some perishable like milk and eggs.
Read more at The Register-Guard.