Fresh Food, Health Care Likely to Spur More Dollar Store Growth
Victoria Campisi, The Food Institute
Sep 2, 2021
Of the approximately 7,300 U.S. stores opened, or planned to open in 2020 and 2021, 43% are dollar stores, according to Coresight Research.
Dollar General opened 1,000 new stores in 2020 and has 1,050 more planned for 2021. Dollar Tree, which owns Family Dollar, added about 500 new stores in 2020 and plans on opening 600 more this year, reported Money.com (Aug. 30).
Additionally, foot traffic at Dollar General is up 32% from pre-pandemic levels, outpacing even Walmart (3%), according to Placer.ai.
Some shoppers complain that prices are often more than $1, while critics say dollar stores are bad for the neighborhoods where they operate. So, why is the segment rapidly expanding? The Food Institute takes a closer look.
WHY ARE DOLLAR STORES BOOMING? ...
THE PUSH INTO FRESH FOOD ...
MOVING INTO PHARMACY ...
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