Dollar Stores

Retailers

Dollar Tree’s grocery business continues to grow

But low-margin food and beverage sales can’t make up for a “meaningful” shortfall in discretionary purchases and slowing traffic from lower-income shoppers, the discounter said in reporting its third quarter results.

Retailers

Family Dollar to undertake $100M rebuild of Arkansas distribution center shuttered after rodent infestation

The Dollar Tree banner said the 850,000-square-foot West Memphis facility, closed for more than a year, will be transformed after a full interior demolition and top-to-bottom renovation.

Leiken brings more than 20 years of legal experience to the discounter.

The discounter’s stock tumbled Thursday after it reported that shrink and a cautious consumer put pressure on margins during the second quarter.

The discounters must undertake a nationwide safety assessment, pay $1.35 million in penalties, make immediate store fixes and more as part of the agreement with the Department of Labor.

The discounter is adding more than 100 new grocery items to its Clover Valley brand, doubling down on the opportunity it sees in fresh, frozen and packaged foods.

Foot traffic to discounters and dollar stores rose 4.7% during the period from April to June, while grocery visits held steady and trips to superstores fell 2.4%, according to new data from Placer.ai.

The discounter, which moved away from its $1 prices last year, told investors it sees boundless opportunity in expanding to multiple price points, with a huge untapped market in selling food and beverage items from $2 to $5.

Two stores are now being built in the state’s northwestern region, and the deep discount retailer said it’s scouting more locations.

Aisle 1: In the past week, both Dollar Tree and Dollar General have warned that their shoppers are struggling. If deep discounters are feeling the stress, other retailers need to pay attention, writes WGB Editor-in-Chief Heather Lalley.

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