A look at how Dollar Tree, Family Dollar differ
http://www.cbs8.com/story/26130598/a-look-at-how-dollar-tree-family-dollar-differ
If any FReepers see boxes of Larry the Cable Guy’s Beer Bread Mix at a dollar store, get some. I just made my first loaf yesterday and it was a big hit. Gonna get multiple more boxes on my next visit there. All you need is the bread mix, one room-temperature beer and 3 Tbsp of butter and you’re good to go. I bought it as a joke and was pleasantly surprised.
This article repeats some of the dumbest shibboleths around. The reality is that five-and-dimes always had an audience. When Woolworth’s closed its stores, a cavernous niche was created. Drugstores like Walgreens and CVS filled some of the gap, but their prices have shot up into the stratosphere, making visits there like getting a loan from the local legbreaker. Dollar stores are reinventing the five-and-dime. In an era of high gas prices, there is no reason to drive out to the Walmart or pay the local chain drugstores’ extortionate prices when a dollar store is round the corner.
Obama has made so many poorer shoppers they are a huge market now
The Dollar Store has a lot of cool stuff. A lot of rich people shop there. That is why they are rich.
....”poorest consumers...” I’m not sure that is entirely accurate”......
I agree....it’s not. The middle class shop our stores here all the time. Folks at work were thrilled when they came here.
Idiots....
You’re correct, but that’s the majority of their customers. There are two very real issues affecting the poor.
First, our tax and regulatory system punishes labor. Don’t work and you get welfare and all kinds of benefits. Work and we clobber you with income taxes and FICA.
Then toss in healthcare costs, driven nearly entirely by government intervention in the market - FDA, state, county and local restrictions on medical innovation and competition, insurance mandates, and the nightmare of Democratcare - and the anti-commerce, anti-wealth legal environment and you have a very expensive labor market.
Second, you have illegal immigration which introduces the poorest Mexican and Latin American immigrants into America. This undermines both labor demand and natural income mobility because you have a permanent underclass with immediate access to welfare programs through government.
That’s the killer for American labor, not foreign competition or the Marxist lie that labor and capital are enemies. Illegal immigration is like counterfeiting dollars.
Tie in the fact that RE prices didn’t fall because of government intervention (note well that local governments live off of property tax revenues and cannot afford falling RE values) and you’ll see that the deck is stacked against labor all the way.
Well now, that's just bait-and-switch pricing right there.
“poorest consumers...” I’m not sure that is entirely accurate.”
You said a mouthful.
You’d be surprised to see who shops there.
what a crock of crap this article is, i shop at a 99 cent store to save $$$ and they have all kinds of product’s that are cheaper then the local grocery store is...