Rising Prices Push Shoppers to Dollar Store

CNN headline: Rising prices are pushing shoppers to dollar stores

By Nathaniel Meyersohn, CNN Business

Updated 2:13 PM ET, Wed June 8, 2022


Consumer spending is still strong, say top retailers including Walmart (WMT) and Target (TGT), but many customers are changing their purchasing habits. More consumers are balking at buying bigger-ticket items like electronics and furniture and switching their spending to necessities, such as food and household staples.

This spending shift benefits dollar stores, which mainly sell food and everyday items in smaller sized packages.

Since the Great Recession, three dollar chains have grown faster than nearly any other retailers, adding thousands of new stores, often in underserved areas. They’ve also widened their product selection to lure customers away from pharmacies, convenience stores and supermarkets.

Chart looks for companies named in the article:

$DG daily chart


$DLTR daily chart


$GO daily chart


$TGT daily chart


$WMT daily chart