A Blog by Jonathan Low

 

Jul 23, 2021

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.



June 26, 2021

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