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.