Business has never been better for dollar stores. The demand for products at a dollar price point has grown during the recession; as one retail analyst put it, "They’re killing it because consumers are trading down." Dollar General and Dollar Tree both have hundreds of new store openings planned for this year, and the businesses are scoring leases in locations desperate for reliable retail tenants.
Dollar stores are drawing out their success and attracting new customers by selling more grocery and household goods than before the recession. Dollar Tree has been adding freezers and refrigerators to more of its stores over the past couple years, while Family Dollar has been adding more brands and expanding the goods on its grocery shelves.
Have you noticed any changes in your local dollar store?