by Christina Lee on February 11th, 2009
Major dollar store chains are reporting growth in their most recent quarters – a trend that continues from the holiday season and demonstrates that consumers still consider them highly valuable.
As the biggest of three chains, Dollar General reported yesterday a 9.4 percent same-store sales increase in its fourth quarter, amounting to $2.85 billion.
Dollar Tree had a year-to-year fourth quarter sales rise of 6.8 percent, or $1.39 billion, as annual sales totaled a record $4.64 billion in 2008. Meanwhile, Family Dollar experienced a 4.2 percent year-to-year increase in its 2009 first quarter sales, amounting to about $1.75 billion.
Performance... Read more »
by Rebecca Button on April 23rd, 2008
Our friends at DollarDays International , a Web-based virtual warehouse, where small business owners and charities can find great deals on small business-sized orders for more than 25,000 consumer products, have redesigned their website to be more customer friendly. The new and improved features include allowing customers to find exactly what they’re looking for with greater ease as well as the ability to enlarge pictures to see exactly what the products look like. Early tests of the new site indicate that the average order has increased over 8%. At the same time new customer registrations have already almost doubled from... Read more »
by Carrie Hinkel on January 17th, 2008
The popularity of dollar/99 cent stores has risen dramatically in the past few years, and there are several reasons for this. First, big box stores like Wal-Mart have successfully closed many local retail stores, due to the local store’s inability to compete over price and selection. This has left a gap to be filled by dollar stores – satisfying consumer’s needs to quickly buy convenience items without having to drive across town to the big box store, find a parking space and navigate their way through a warehouse-sized store. Second, name brand companies like General Mills, Proctor & Gamble and... Read more »