Dollar stores have spread rapidly across the US since the Great Recession, pulling in cash-strapped consumers with their 21st-century twist on the “five and dime” model Woolworth popularised a century earlier.
Dollar General now operates almost 17,800 stores and Dollar Tree has more than 15,900, compared with Walmart’s 4,740 larger US outlets.
Close to 2,000 new dollar stores are expected to open this year, according to Coresight Research. That represents almost half of planned US retail openings and bucks the trend in a sector shaken by Amazon, Covid-19 and emptying shopping malls.
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