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Dollar store chains are leading retail store openings in US: report
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Dollar stores appear to be having a renaissance in the U.S.
Three of the country’s leading dollar store retail chains – Dollar General, Dollar Tree and Family Dollar – are opening up more stores than most big-box retailers in 2021, according to data from Coresight Research.
The retail analysis company looked at nearly 60 big-box brands and recorded the number of store openings and closings that have been announced to the public year-to-date.
As of Friday, Aug. 27, the three dollar store chains made up more than a third of all the big-box retail openings Coresight Research analyzed.
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According to the firm’s findings, Dollar General is on track to open 1,035 retail locations and close 18. Its competitor Dollar Tree is reportedly set to open 393 locations with no announced closures for 2021 so far while Family Dollar is set to open 198 locations and close 26 locations.