Reported 1 day ago
Dollar Tree has reported a surge in high-income customers, gaining 2.6 million new shoppers in the last quarter, including many earning over $100,000 annually. The company attributes this growth to its expanded inventory and increased price range, now offering items up to $7. As a result, more wealthy households are seeking value, with similar trends seen at Dollar General and other retailers. Customers are purchasing quick-consumption items more frequently, highlighting the appeal of affordable shopping options for families aiming to manage tight budgets.
Source: YAHOO