Dollar General and Dollar Tree, which also owns Family Dollar, brought in about $70 billion combined in sales in fiscal 2023. Both companies have historically been Wall Street darlings, outperforming the broader market for much of the past decade. But the past two years have played out differently as the dollar store industry is facing an economic environment that has disproportionately affected the dollar store’s core, low-income consumer. Watch the video to find out why dollar stores are struggling.
Chapters:
0:00 Introduction
1:15 Chapter 1 - Inflationary pressure
4:55 Chapter 2 - Operational challenges
10:10 Chapter 3 - What’s next
Produced and Edited by: Ryan Baker
Animation: Christina Locopo, Jason Reginato
Senior Managing Producer: Tala Hadavi
Additional Reporting: Melissa Repko
Additional Footage: Getty Images
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Why Dollar Stores Are Struggling
Chapters:
0:00 Introduction
1:15 Chapter 1 - Inflationary pressure
4:55 Chapter 2 - Operational challenges
10:10 Chapter 3 - What’s next
Produced and Edited by: Ryan Baker
Animation: Christina Locopo, Jason Reginato
Senior Managing Producer: Tala Hadavi
Additional Reporting: Melissa Repko
Additional Footage: Getty Images
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to earn more money at work? Take CNBC’s new online course How to Negotiate a Higher Salary. Expert instructors will teach you the skills you need to get a bigger paycheck, including how to prepare and build your confidence, what to do and say, and how to craft a counteroffer. Register now and use coupon code EARLYBIRD for an introductory discount of 50% off through Nov. 26, 2024: https://cnb.cx/4f4s3rZ
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
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Why Dollar Stores Are Struggling