Reported about 1 month ago
Recent earnings reports from Dick's Sporting Goods and Dollar Tree highlight a trend where discount retailers are losing market share to larger competitors, particularly Walmart. Dollar Tree's CEO attributes this decline to significant pressures from the macroeconomic environment. Consumer behavior has shifted, with both low-income and middle-class shoppers becoming more value-conscious, leading them to frequent big box stores for a wider selection of low-cost items. This change in spending habits has resulted in dollar stores losing ground in the retail market.
Source: YAHOO