Dollar Tree, which owns Family Dollar, recently said it will close nearly 1,000 stores. That’s after Dollar Tree raised prices in the past couple of years for the first time in decades.
Others, like Dollar General, say they continue to grow, even if it’s been a rocky road. Dollar General recently opened its 20,000th store and plans to open even more this year.
Its CEO once said, “We do very good in good times, and we do fabulous in bad times.”
Bigger retailers offering discounted prices have already felt the sting. JC Penney, Sears, and others (the stores we grew up with) are vanishing fast.