With customers continuing to seek lower-priced shopping options due to inflation, the major players in value retailing are already far outpacing others in opening new stores in 2022 and appear to be riding mighty tailwinds heading into 2023.
For the fiscal year in January, Dollar General and Dollar Tree are on track to open 1,300 new stores combined, according to The Wall Street Journal. Dollar stores’ appeal is proving particularly strong in remote areas where not even major global retailers like Walmart can be found, and where amenities like next-day delivery from Amazon are rarely available.
