Business is booming at the nation’s largest dollar-store chain, Dollar General, which has proved a critical source of affordable groceries and household items during the pandemic
The sales jump was big enough for Dollar General to increase profits nearly 70% to $650 million from the prior year, offsetting $60 million in bonuses it paid during the quarter to compensate employees for the extra risks the pandemic presents. The jump comes as expanded cleaning efforts, risk pay and reduced hours have squeezed margins across the industry.
Dollar stores, deemed essential retailers across the country, were permitted to stay open during lockdown, sharing in the shopping boom that has benefited larger retailers like Target and Walmart. Grocery sales have been a bright spot for all of them,from the University of Nevada, Las Vegas found that produce quality at dollar stores matched what you would find at regular grocery stores after comparing the color, cleanliness, freshness and firmness of fruits and vegetables.
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