Reported about 18 hours ago
Dollar stores like Dollar Tree and Dollar General have seen significant sales growth as more high-income shoppers, particularly those earning over $100,000, turn to these budget-friendly retailers amid rising economic challenges. In the second quarter, high-income customers comprised two-thirds of Dollar Tree's new clientele, highlighting a trend where consumers across all income levels are seeking value. Despite the economic strain on lower-income households, middle to higher-income consumers are increasingly favoring lower-cost alternatives, impacting the retail landscape.
Source: YAHOO