Family Dollar to close almost 1,000 stores
nbcnews.com
Family Dollar to close almost 1,000 stores
1–10 of 91 posts
Re: Family Dollar to close almost 1,000 stores
#2Dollar tree had too many nearby family dollars. They tried to diversify into groceries vs. home goods but that only went so far.
I always figured the two were competitors based on how often both stores would be nearby..
Re: Family Dollar to close almost 1,000 stores
#3"Amid higher costs throughout the economy, consumers have begun shifting to lower-margin goods compared with higher spending on discretionary items earlier in the post-pandemic period."
If Family Dollar is not lower margin I'm not sure what is. My guess is they have mostly lost out to internet sellers and Walmart.
Re: Family Dollar to close almost 1,000 stores
#4One thing I noticed about Family Dollar anytime I went into one is their prices were not any better than the local grocery store. You walk into DollarTree and it feels like a dollar store, with Family Dollar there were tons of products I saw where I knew it was cheaper at the local grocery store, and not just cheaper where you would buy a bigger item for more but end up paying less for each unit, but 1-1 products that were more expensive than competitors.
Now if the store was in a rural area with little competition that would be one thing, but this store was in a city where you could walk across the street to a Kroger.
Re: Family Dollar to close almost 1,000 stores
#5I hope Aldi gets 1,000 stores soon. Ideally I'd like to see 5,000+ Aldis in the US.
Re: Family Dollar to close almost 1,000 stores
#6I hope Aldi gets 1,000 stores soon. Ideally I'd like to see 5,000+ Aldis in the US.
Not me. Aldi is crap around me. I live in rural area, it's cheap generally way worse quality and we don't need more cheap crap grocery. I know hating on Aldi is unpopular on the internet, but that's been my experience.
Re: Family Dollar to close almost 1,000 stores
#7When they were competitors, before the merger in 2015, they built stores next to each other. Rite Aid did the same thing with Walgreens drug stores. Then after the merger, they ended up with redundant stores in the same location. Duh!
https://corporate.dollartree.com/news-media/press-releases/d...
The thing I don't like about these stores is IMO they take advantage of poor people who think they are getting cheaper products, but in many cases, especially for food items, they're paying more. A gallon of milk was $3.50 last time I went to one, whereas it was $1.89 at Meijer. Of course, Meijer does the same thing: if you buy milk at their gas station store, it's also well over $3, but inside the store it's under $2.
People trying to save money would be better off shopping at Aldi IMO, because Aldi doesn't have 5000 kinds of orange juice or paper towels. They have one kind and the price is usually reasonable, whereas the large grocery stores play all kinds of games intended to cause people in a hurry or with limited time or ability to compare products, to choose the wrong thing and pay more.
Re: Family Dollar to close almost 1,000 stores
#8I hope Aldi gets 1,000 stores soon. Ideally I'd like to see 5,000+ Aldis in the US.
Not me. Aldi is crap around me. I live in rural area, it's cheap generally way worse quality and we don't need more cheap crap grocery. I know hating on Aldi is unpopular on the internet, but that's been my experience.
Aldi has a number of high quality and healthy items. They have great prices for things like nuts, jerky, cheese, etc. Just skip the processed stuff like you should in any grocery store.
Re: Family Dollar to close almost 1,000 stores
#9"Amid higher costs throughout the economy, consumers have begun shifting to lower-margin goods compared with higher spending on discretionary items earlier in the post-pandemic period." If Family Dollar is not lower margin I'm not sure what is. My guess is they have mostly lost out to internet sellers and Walmart.
Historically, dollar stores do better during bad times.
I’m wondering if Dollar General is what’s really hurting them. I hear people talk about Dollar General all the time, but almost never Family Dollar. DG seems to be the Walmart of the dollar store game.
Re: Family Dollar to close almost 1,000 stores
#10Earlier quoted context omitted.
Not me. Aldi is crap around me. I live in rural area, it's cheap generally way worse quality and we don't need more cheap crap grocery. I know hating on Aldi is unpopular on the internet, but that's been my experience.
Aldi has a number of high quality and healthy items. They have great prices for things like nuts, jerky, cheese, etc. Just skip the processed stuff like you should in any grocery store.
Also, I'm always amused that the same anti-Aldi people seem to love Trader Joes and also be the ones talking about food access, poverty issues, etc.