These are tough times for two big US dollar store chains. In the past month, Family Dollar said it will close nearly 1,000 stores and 99 Cents Only said it will go out of business.
Both companies said inflation and shoplifting have contributed to their troubles. While inflation has pressured the companies’ low-income customer base and shoplifting has squeezed their profits, those factors alone can’t explain their difficulties.
Years of strategic mistakes and underinvestment have plagued Family Dollar and 99 Cents Only, retail analysts say. Both brands were acquired by other companies and faltered under their new owners.
Not everyone lives close to a Costco, yo. A lot of these $tores are in the middle of food deserts and the only place within 10miles anyone can buy food.
Yea, 10miles isn’t much, if you can drive, but a lot of people, thru no fault of their own, can’t physically or financially break into car ownership.
Like, good for you for finding a way in yr trials, but homie, that’s all these people are trying to do too. They aren’t blocking the public access to public lands or becoming unstable and dysfunctional over what other people they don’t know do in their bedroom. These people are just trying to live, throw yr condescention at people who can’t follow rule #2, mind your own business (rule #1, do into others…)
Yeah, you pointed to the issue there, they’re preying on low income people that should be making better economic decisions instead of psychological marketing. Like why everything ends in $0.99? Oh jeez, my budget psychological threshold is $20 and this is $19.99 combine with $9.99 is under $20.