Posted on 11/29/2022 12:47:23 PM PST by Diana in Wisconsin
Dollar Tree is known for its great prices on holiday decorations and party supplies, but as food prices continue to hit budgets hard, shoppers are turning to this discount store to get their groceries.
According to Winsight, Dollar Tree’s same-store sales of consumables outpaced discretionary sales for the second straight quarter, the retailer reported, with a 9.3% comparable in food and beverage, snacks and cookies, and candy.
Same-store sales of food and beverages grew by 4.7% and the chain saw overall same-store sales growth of 4.1%, Winsight noted. The company’s overall same-store sales increased by 8.6%.
“We are increasing our sales outlook for the year. The efforts to evolve the assortment to drive consumables performance at Dollar Tree, combined with initiatives designed to improve the value proposition at Family Dollar, are working,” said Mike Witynski, Dollar Tree President and Chief Executive Officer in a company statement. “We believe we will continue to be part of the solution to millions of households seeking value at a time when they need us most.”
Dollar Tree has made several investments in its food merchandising, said Winsight, and the chain has seen increasing interest in its private label items. Witynski also told analysts that SNAP and food stamp business is growing as shoppers are “shifting into the consumables and needs-based to make their budget happen,” Winsight reported.
Dollar Tree plans to continue its focus on increasing frozen and refrigerated offerings, as well as over-the-counter drug and health items, paper products and food as it looks to expand its owned private-label brands.
(Excerpt) Read more at finance.yahoo.com ...
I buy my paper and cleaning products from the dollar stores, mainly Dollar General. For food products, I stick with the grocery store.
I suppose their 25% price hike came in under the inflation rate of everything else.
Yep, I have a mental list what to get where... lol
Cause we shop for a month at a time. And the trip to town for supplies is 75 miles one way. Every penny counts.
And historically this is how it used to be when I was growing up. Now folks are brainwashed into just paying whatever they ask for whether it makes sense or not.
If we stop doing that, crap will run uphill to the powers that be and this economy mess will stop.As long as people are foolish enough to keep paying it then it will continue.
Just say no, walk away, and live without it. And yes.. Over just .25 cents too much...
Thanks for the info. My Mom shops there often and she’s always braggin’ on the gasoline savings, too.
I’m not really sure if we NEED it, so that’s why we’ll check it out. Again, about 30 minutes away, so probably just a few times a year trip into ‘The Big City’ of 5K versus our 250 population where the cows outnumber the people. ;)
It WOULD be nice to do a once a year stock up on TP, paper goods, trash bags, dish & laundry soap, etc. There’s only two of us now, so that would be more than do-able.
“Dollar Tree” inflation is over 100% on many items. They have raised their prices 25% already. Then the sizes of products have been cut in half. AND they have diluted their cleaning products.
Yep. That “list of stops”. I have the same. It is seven miles to the nearest convenience store and 15 to the nearest grocery store, with a small Ace hardware and a Dollar General also at about the half way point to the grocery. Thankfully, we have a small “mom & pop” store near the DG that has its own meat counter (and it doesn’t sell beer or lottery tickets—bonus!). I get the best cuts of steaks there, for an excellent price as well(plus any local gossip)! That’s my final stop on the way home.
Hubby can just about track my movements and judge what time I will return when I make my once-a-week trips.
I like Aldi’s greek yogurt too. Also their Friendly Farms brand heavy cream, their black bean salad, and their frozen pizzas marked Made In Italy.
—> yeah, but is it EIGHT times more bleachier?
Some reports are that it is 100x bleachier!
I think that’s underestimated…
What you said? Easily.
My Aunt owned a Dollar Tree for a number of years, and it just about made her insane. Well, MORE insane. Who would do that to themselves in the first place? (She was ‘bored’ in retirement.)
I check prices on everything. I was pleasantly surprised to find the deals I found today. :)
Not usually. Much of what I have eaten (not at 70) has been past that, including poultry. No problems, thanks be to God. But heat well.
She forgot the boric acid!
“Dollar Tree is now Buck and a Quarter Tree”
I’ve talked to several people I know in the Dollar Tree organization one of them was a professor of mine in college, I heard through the grapevine that a proposed name change is due and it will be something along the lines of Dollar Plus ($+).
“Yeah, I remember the time my Mom brought home some produce from a $1 store. It gave her a massive cockroach infestation in her kitchen. The roaches were hitchhiking on the produce. Had to pay professional exterminators to rid the house of them.”
I hear the same thing about A■■i, and I also think that the meat they sell @ A■■i of inferior quality (i.e. glued together meat scrap filet mignon).
For most, and are regards online shopping it usually far far cheaper than Amazon, but at least they have far more variety and it is in stock. Out of stock is often a feature a Walmart. However, most of the items I used to get delivered for free no longer are available for free shipping with a $45 order, and thus I used a free trial for home delivery last time.
“Hubby can just about track my movements and judge what time I will return when I make my once-a-week trips.”
Lol, He on the bank app watching purchases? :)
but how often have you bought something past the best by date ?
There dairy products are excellent. I also like their mayonnaise though my husband prefers Duke’s.
“Lol, He on the bank app watching purchases?”
____
Nah. This man thinks checking his email account once a week or so is sufficient. He just knows, “ten minutes to the railroad tracks, 15 minutes more to the grocery store, 30 minutes in there, 15 more minutes back to the DG, then 20 minutes at the next store to get meat, 15 more minutes back home (add 10 minutes for possibly getting stopped by the train), and wifey is back home, with snacks in hand”. Any thirty minute delay beyond that without a phone call, he might start worrying. However, if he had to start looking for me, he would know my routine and know where to start. I’m a woman of routine and habit.
Stock up on items you use in the monthly price reduction booklet. Some vitamins, cheese, olives, nuts, and granola cover our annual membership.
And you can return things easily. I was able to return a printer over 2 years from when I got it. (I just couldn’t get the wireless to work.)
At Dollar and a Quarter Tree, the two-pack of 2 oz deli ham is a decent deal, also the various canned stuff, some of the snack / junk food, and the cold bevs are cheap.
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