Dollar Stores Increasingly Make Sense for Crunched Consumers

Luxury brands have a new, unlikely competitor for the well-heeled consumer’s wallet: the discount aisle. Dollar General, the largest dollar store chain in the US, on Thursday reported 2.5% year-over-year increases in same-store sales and customer traffic during the third quarter. A day earlier, rival Dollar Tree reported a similarly rosy picture. Executives said consumer worries about affordability have earned them legions of new customers, especially from higher-earning brackets. SUBSCRIBE:  Receive more ...