Headlines

Dollar Stores Lead New Store Openings

One third of new big box stores represented by the value category

Published

3 years ago

September 7, 2021

Dollar Stores Lead New Store Openings — Courtesy of Dollar General

Dollar store retailers lead the country in big box retail openings, according to a study by Coresight Research, reports Fox Business. Coresight reviewed nearly 60 big box brands, noting the number of public store openings and closings during 2021.

“Dollar stores are leading store openings so far this year, continuing a trend we’ve seen for the last few years as this sector exploits a market opportunity, and it’s being driven in part by the longer-term bifurcation in the economy, where higher income customers are doing well, but lower income consumers are still on tight budgets,” Coresight Research’s Head of Global Research John Mercer said.

As of Friday, three dollar store chains comprised more than a third of all big box retail store openings this year. Dollar General is slated to open 1035 stores and close 18, while competitor Dollar Tree is set to open 393 locations and has not announced any closures this year. Family Dollar will open 198 doors and close 26 stores.

Jennifer Acevedo

Jennifer Acevedo is the editor-in-chief and associate publisher of VMSD magazine.

click to Comment(Comment)

Up Next

First Public Lands Concept to Open

Don't Miss

Banana Republic Repositions with a Nostalgic Play

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design