Dollar Stores Thrive Amidst US Affordability Crisis

Dollar Tree and Dollar General: Unlikely Stock Market Darlings in a Time of Economic StruggleThese discount retailers have seen their stock prices skyrocket, outpacing tech giants like Nvidia. Both companies reported impressive earnings, with Dollar Generals same-store sales increasing by 2.5% and Dollar Trees rising by 4.2%. Dollar Tree even gained three million new shoppers, with 60% coming from higher-income households. This suggests that even wealthier individuals are seeking value, while lower-income families are relying on these stores more than ever. The trend of more frequent, smaller purchases indicates an affordability crisis in the US, with inflation driving people to discount retailers.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.