Posted on 04/11/2024 2:41:10 PM PDT by george76
STUPID headline. Neither of the stores mentioned is referred to casually as "the dollar store," but the Dollar General IS "the dollar store," and it's decades older concern than either of the others.
The DG in my small town has fresh veggies.....
This article is obv cover for the current regime’s failanomics and refusal to address retail theft.
There is a lot of truth here but in the end it is ludicrous.
If demand existed they would be replaced by profitable operators. Their response to inflation when profitable was to offer: smaller, lesser etc....for $1.
The stores and dollar menus became ubiquitous under CLinton’s inflation. The idea that inflation killed the dollar store seems ridiculous.
Amazon and the like probably hurt them like many other retailers too.
Hillary Clinton was once asked about how federal regulations hurt small businesses. Her response: “I can’t worry about every undercapitalized business.”
So, yes. These people don’t have a clue. But it’s a bit more than that. They are also casually evil.
These stores used to be stocked with close out items, often from other chain stores or from overseas (especially food items from Latin America). Since the Chinus, these sources have dried up. Plus it is too expensive nowadays to make things to sell for under a dollar, even in China.
My husband LOVES the 99 Cents stores. He finds some brand names of food items that cost several dollars more in regular supermarkets. I like their packaged figs and organic apples. They never seem short of customers.
Nothing special...quality or price.
I've been to Dollar Tree/other...much better value.
(at least it used to be...with today's inflation...???, haven't been to the others in awhile)
Brandon will order them to stay open and cut prices. Come on man! Sell your fair share and stop gouging!
I like dollar stores for stuff like TP, garbage bags, etc.
.......the Dollar General Store (#15792) near me is right on a geographic line between one of the wealthiest zip codes in Texas and one of the poorest..........so I doubt if it closes as it seems to do a fair amount of business.
I buy a few basic items there because they ARE much cheaper than the local grocery store. That said, the store is NEVER clean, at least 3 of about 10 isles are completely blocked with boxes of merchandise that needs to be placed on the shelves and you can find, if you look and yell loud enough 1 employee to check you out. The auto CC check out device never works.
They retrofitted the one closest to me, it has some fresh veggies/foods. I rarely stop there because it’s 15 minutes away, and just 5 minutes further there is a full Publix that is quite a good store.
I do have a recent story that’s a little funny and a bit of a head scratcher.
I was at the Publix center for something else, and went in Publix because I needed some epoxy for a project. In the home section they had two kinds of Gorilla Glue, and 5-6 kinds of Gorilla Glue-branded superglues (!!). But no epoxy.
I punted, stopped in at DG, and they had JB Weld, which was perfect for my needs. And at a good price.
Whoever is doing the merchandising for Publix in this area is an idiot, if you ask me.
I live in a rural valley.
FAMILY DOLLAR & DOLLAR GENERAL are literally across the street from each other.
A gallon of milk at Family Dollar is often over $1 more than a gallon at Dollar General.
Dollar General store is cleaner & has a happier staff.
I love Dollar Tree even though everything isn’t a dollar anymore. They still have good deals.
BIDEN recently DEMANDED fresh Veggies & fresh meat.
Whenever one business acquires another, there must be sufficient gains to pay for the deal. These are euphemistically called “synergies” and can include everything from reduced headcount by eliminating duplicate HR, accounting, finance, etc functions to closing redundant facilities. Acquisitions are paid for with debt and the synergies must be at least able to service the debt, but in a public company there must be greater gain than could have been done by not doing the acquisition and just investing that money. This is why many deals fail to deliver the promised and expected results, and why many C-level executives end up leaving to “pursue other opportunities” after a year or two of failure to achieve promised results.
There are many examples of successful deals, but many MORE examples of failed ones.
I still miss Woolworth’s.
I noticed that happening at Walmart. From 2020 onward, for many items, the price tag on the shelf was lower than the price that rang up. I think Walmart hoped the customer wouldn't catch it, but I always did. At first, the staff would give me the lower price, but eventually, they refused to. A year passed, and they never updated the price tags on the shelves, so I stopped shopping there so much.
Are Dollar Stores “closing across the country” or are they closing in select locations. Our local Dollar General stores are always busy and we had a new Dollar Tree open nearby just a few months ago. The parking lot of the new DT is always over half-way full.
It would seem to me that such a business in the current economy would look at their bottom line, make note of where retail theft is the worst, and close those stores in favor of concentrating growth in more law-abiding states. They also have to look at insurance costs state to state. Are there more insurance claims for both theft and PI in certain areas thus causing insurances costs to increase? If so, close those stores and build more in conservative states where insurance costs are lower and juries don’t award millions of dollars for a fake slip and fall PI claim.
They were busted, ripping off customers.
And here I thought they were actually vehicles to launder money...like monthly storage places. /s
First time in a Family Dollar my buddy and I roam the store looking for beer. None to be found, we go to the cashier asking where the beer was and get told “sir, this is a family store. We don’t sell beer”
I tell her that everyone in my family drinks beer and head out the door. That’s what their problem is.
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