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.
Decades ago I worked for a big conglomerate with hundreds of retail outlets.
We did the financial analysis—and it was financial and very straightforward.
We did not ask the “why” questions—we just crunched the numbers.
The 5% of the stores with the lowest profitability (usually losses) were closed each year.
Easy Peasy—no need to overthink it.