Hot Topic: The Dollar Store’s Rising Value
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 »