Shoppers flooded dollar stores to stockpile cheap goods during the pandemic — here's why that's been a major boon to Dollar General
Dollar stores have historically seen great success during times of economic uncertainty and high unemployment. Dollar General and Dollar Tree hosted earnings calls on Thursday. Dollar General posted triumphant numbers, while Dollar Tree saw a dip thanks to dampened Easter sales.
In a note regarding Dollar General's earnings, managing director of GlobalData Retail Neil Saunders wrote that the chain has succeeded by opening locations in "rural or suburban areas which are underserved by other operators." Saunders credited that strategy with positioning the company to post a 21.7% jump in same-store sales and a net sales increase of 27.6%.
that while Family Dollar "delivered strong same-store sales with a 15.5% increase," Dollar Tree itself saw sales plummet due to "lower Easter holiday sales" of candy and other discretionary items.reported that the retailer beat expectations, and saw sales rise to $6.29 billion, up from last year's $5.81 billion in sales.
"We can see a correlation of the stimulus dollars being released and an increase in our basket size," he said.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Tom Brady is selling his highly customized Cadillac Escalade for $300,000 — see inside - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
続きを読む »
Shopping reinvented: America's stores, malls reopen with masks, curbside pickup and closed fitting roomsMalls and stores that have been off-limits for shoppers with all of the stay-at-home orders are opening the door to a brand-new shopping experience vastly different from what we all knew when most closed in mid-March.
続きを読む »
8 Grocery Etiquette Rules You Might Be Breaking Right NowHere are eight things you shouldn't be doing at the grocery store during the coronavirus pandemic.
続きを読む »
Car-buying in the coronavirus era is moving online - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
続きを読む »
Alibaba's InTime department store chain turns to live-streaming to boost sales during coronavirusInTime's focus on livestreaming and its e-commerce app has pushed 20% of sales this year to come from online versus a 'single digit' portion in 2019, CEO Chen Xiaodong said.
続きを読む »
Total US unemployment shrinks for the first time since coronavirus layoffs began in March - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
続きを読む »