Tuesday, June 30, 2020

Leftist Magazine Upset With Low Prices for Consumers

Leftist Progressive Magazine reports:
Dollar General plans to open 975 retail locations in the United States in 2019, making it by far the top retail company for domestic expansion. Dollar Tree has 350 planned openings in 2019.

From 2011 to the end of 2018, Dollar General and Dollar Tree locations increased from around 20,000 retail locations to nearly 30,000. There are more dollar store retail locations than the combined total of Walmart and McDonald’s locations, and more Americans rely on dollar stores for food than Whole Foods supermarkets.

Dollar General has achieved consistent sales growth for the past twenty-nine years and is currently the largest retail chain in the United States by store count. Around 57 percent of Dollar General’s business comes from households with less than $49,900 in annual income. Chief Executive Officer Todd Vasos told The Wall Street Journal in December 2017 that his company’s primary customer base consists of low-income Americans and that the economic decline in communities across the United States is facilitating Dollar General’s expansion.
It appears the socialist Progressive Magazine wants poor people to pay higher prices .