Skip to comments.Battle for Poor Shoppers Fuels Dollar-Store Deal
Posted on 07/28/2014 6:19:46 PM PDT by ConservativeStatement
The battle for America's poorest consumers intensified Monday with Dollar Tree Inc. agreement to buy rival Family Dollar Stores Inc. for about $8.5 billion.
The chains thrived during the recession as the number of working Americans living in poverty increased by nearly 40%, according to the U.S. Bureau of Labor Statistics.
The stores appealed to cash-strapped shoppers with bargain-basement prices and locations that were closer to their homes than many Wal-Mart supercenters. The smaller package sizes of everyday items like laundry detergent and cereal fit into the budgets of consumers living paycheck to paycheck.
(Excerpt) Read more at online.wsj.com ...
Battle for food stamp money, they mean?
Shouldn’t they get it for 99 cents? Just sayin’...
Truth in advertising and all...
I shop at the dollar store and I have a net worth in the top 10% according to stackup.com .
Well, maybe that’s why I do...
I bought some cheese slices at a Dollar Store - got them home and realized they didn’t actually contain any dairy at all.
And poor Americans from a poorer middle class than we had ten years ago.
Says something about a country when the $1 stores are booming.
The EBT retailer wars. Family Dollar must know the system is about to change.
Americans are now classified as "consumers" down from a free, united people.
What do those in government consider themselves?
“Storage Locker Wars”
Huge bull-market for DOLLAR STORES.
Explosion in use of food stamps.
ALL OF THIS POINTS TO THE SAME STORY
(which you cannot report since POTUS is black).
Top 5% here and I go to the Dollar store twice a month for certain things.
I would qualify as a poor shopper tho I hardly ever shop at either one.
Every now and then I send a package to my grandchildren and will pick up some cheap Chinese stuff for a buck each. Sometimes they are pretty neat. For instance I sent my grandson a plastic cap pistol and for 50 cents more included a bunch of extra caps.
Now these are not the same as the old roll caps we used in our Roy Rogers sixguns. They resemble small plastic primers. My Son-in-Law said they had to send him out of the house because they were so loud.
In the Era of Baraq, Wal-Mart is being undercut by dollar stores.
And Carlyle (probably the most well connected Wash DC private equity bunch) is buying trailer parks.
The future is not bright.
For some odd reason, I’ve not once seen the phrase “Recovery for Wall $treet but not Main Street” on the news in the last 6 yrs.....
During the Obama regime years I’ve seen many pop up around my city. I guess that’s fundamental transformation.
We used to have Five and Dime stores.
That’s back before we had fiat currency.
Is that a singular store? I don’t see a web site for Dollar Palace on a Google search.
I’m in the 60K range and I shop at Dollar General regularly. 20 minutes in Walmart or 4 minutes in Dollar general for the same item? Easy answer on that.
Sort of makes you wonder about poor Debra’s social life.
Dollar Tree plans to continue to operate both the Dollar Tree and Family Dollar brands. Dollar Tree stores sell all items for $1 or less and CEO Bob Sasser told investors Monday they will continue to do so. Family Dollar stores sells many items for more than $1 and will stay with that pricing policy as well. Dollar Tree stores are found mainly in suburban areas. Family Dollar stores are primarily in either urban or rural locations.
I buy lots of stuff at Dollar Tree. If you get there early Tuesday you can even get large loaves of whole grain bread. One of ours has frozen foods - 6 waffles for $1. Noticed they are carrying more things that are labeled Made in the USA. Did check out on-line to make sure they were telling the truth. Their greeting cards are great and eliminate the expensive ones from Hallmark.
Yes, packages are somewhat smaller but at a dollar per item, allows me to have a little more variety yet stay within my grocery budget. Can’t do that at a regular grocery store.
“I shop at the dollar store and I have a net worth in the top 10% according to stackup.com .
Well, maybe thats why I do...”
I always heard, “Watch put after the little money and the big money takes care of itself”.
An interesting observation I have made of EBT shoppers. they refuse to buy marked down meat or scratch and dent products. Short dated meat (not expired) regularly gets marked down 50%. They walk right past and buy the same thing for 2 times the price. No problem for me, more for me to buy.
BTW, I have never seen a deer, duck, rabbit,cow, etc with a “use by” date on it.
There was as time when the country looked up to the Lifestyles of the Rich and Famous. Now business deals around dollar stores and extreme couponing. Welcome to the Obamaeconomy.
Toothpaste is $1 at the Dollar Tree stores. I recently came across two coupons for Crest, each $1 off a certain size which was in stock, and got both for free. Money saved.
Same here - easy in, easy out and great prices on bath tissue, laundry detergent, pet foods, etc. I love Dollar General and the savings I get from shopping there.
Wait.....................................are saying you were surprised?
I’m in the top 5% and I love Dollar Tree. They have a very unusual selection in their food section. They carry my favorite hot sauce, “Louisiana Perfect.” People think I’m nuts for shopping there.
Dollar Tree stores are great for cheap school supplies and school room decorations (wife and daughter are teachers). Family Dollar got their arse kicked by Dollar General - wonder what Dollar Tree is going to do to fix that.
I’ve always heard there were 2 ways to live like you’re wealthy. One is to have a lot of money. The other is to have extremely low expenses.
And all that means what?
YES! I had no idea the technology was out there to make orange-colored, individually wrapped, rubbery, fake cheese slices with vegetable oil, starch and some other ingredients.
Almost everyone I know just LOVES the Dollar Tree and most are far from poor. It’s just fun to buy some things for $1, i.e., party favors, greeting cards, gift bags, etc.
It's not accurate. I shop in those stores and could afford to pay $1.05
The old, beat-up race card has been “declined”.
Been there, done that. Then I realized that the key to buying food in a dollar store is to buy name brands only. The name brands are there, you just have to search a bit, and accept that there won't be much variety.
But the price will be right.
A look at how Dollar Tree, Family Dollar differ
Same here. On some stuff their prices just can’t be beat. I came out of the 99c store one day and there were 4 older people standing by my new Jag. They said....we just wondered who was driving this beautiful car at the dollar store. I said...yeah I shop here, that’s why I can afford it. They laughed.
If any FReepers see boxes of Larry the Cable Guy’s Beer Bread Mix at a dollar store, get some. I just made my first loaf yesterday and it was a big hit. Gonna get multiple more boxes on my next visit there. All you need is the bread mix, one room-temperature beer and 3 Tbsp of butter and you’re good to go. I bought it as a joke and was pleasantly surprised.
Old man Rockefeller used to hand out dimes during the Great Depression
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Maybe you should have paid with phony money.
Good place to buy holiday items and plastic flowers for the graves.
This article repeats some of the dumbest shibboleths around. The reality is that five-and-dimes always had an audience. When Woolworth’s closed its stores, a cavernous niche was created. Drugstores like Walgreens and CVS filled some of the gap, but their prices have shot up into the stratosphere, making visits there like getting a loan from the local legbreaker. Dollar stores are reinventing the five-and-dime. In an era of high gas prices, there is no reason to drive out to the Walmart or pay the local chain drugstores’ extortionate prices when a dollar store is round the corner.
Well let me tell ya about Velveeta, it’s been around since 1918.