Dollar stores carry baton for retail economy

As consumers look to stretch their budgets, dollar and discount stores are back to growth on all fronts — quarter-over-quarter as well as year-over-year and year-over-three-years — according to Placer.ai.

Foot traffic to discount and dollar stores remains above pre-pandemic levels — significantly, in most cases. Visits were up 13.2 percent during second quarter 2022 compared to first quarter 2022, up 8 percent compared to second quarter 2021, and up 20.5 percent compared to second quarter 2019.

Looking at year-over-year visit growth, Family Dollar led the way with foot traffic up 16.3 percent. Visits to Five Below were up 10.2 percent, Dollar General’s visits were up 8.5 percent, and Dollar Tree saw visits increase 5.9 percent.

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