The Reason Dollar Store Economics Are So Attractive Post Pandemic
The American middle class has been shrinking for several decades and the pandemic hit lower-wage workers harder than others.
Dollar stores have grown to meet that need. JL
Zachary Crockett reports in The Hustle:
The core demographic of dollar stores are families which make less than $40,000 a year. Wages (in the US) have been stagnant for decades and the American middle class is shrinking. The pandemic hit low end earners especially hard. The average customer spends $16 per trip. And for every $1 dollar in sales these stores make a 30 cent profit. That's higher than Walmart and Target. Many are placed in food deserts where grocery stores are miles away.
A visual explainer of the numbers behind America’s ubiquitous bargain-basement chains.
As a Partner and Co-Founder of Predictiv and PredictivAsia, Jon specializes in management performance and organizational effectiveness for both domestic and international clients. He is an editor and author whose works include Invisible Advantage: How Intangilbles are Driving Business Performance. Learn more...
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