Dollar Store Distress: As Number Of Stores Increase, Grocers Struggle
The number of dollar stores has grown over the past seven years, from 20,000 to nearly 30,000 nationwide.
That’s according to a new analysis from the Institute for Local Self-Reliance, which argues these stores are causing economic distress, especially in the grocery market.
The Show spoke more about this with Stacy Mitchell, co-director of the Institute for Local Self-Reliance, and asked her about the kinds of problems her group is finding with dollar stores, especially as they relate to grocers and other local, independent retailers.
The Show also reached out to Dollar General and Dollar Tree, which also owns Family Dollar. In an email, the vice president for investor relations at Dollar Tree declined to comment. Our calls and emails to Dollar General were also not returned.