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Family Dollar to close almost 1,000 stores

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Re: Family Dollar to close almost 1,000 stores

#31

Earlier quoted context omitted.

For the truly poor on food stamps Aldi is not an option. They do not accept food stamps.

This isn't true -- all Aldi locations accept SNAP EBT. https://www.aldi.us/about-us/snap-ebt-payment/

Huh, wild. Thanks for the correction. I wonder why my local (USA) Aldi had a sign on it's door saying it doesn't.

Re: Family Dollar to close almost 1,000 stores

#32
post #16
post #7

When 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 pr…

> The thing I don't like about these stores is IMO they take advantage of poor people who think they are getting cheaper products This only makes sense if you think poor people are dumb or naive. They don't know how to compare prices? As other people have mentioned, sometimes the value is the amount you can buy. If your personal financial margins are small, it is okay to spend more per oz on a single bar of soap beca…

I do know a lot of poor people and they are actually extremely financially dumb and naive. They do not know how to compare prices per unit of measure. They do think the dollar store is cheap. They did have a goal of not using DoorDash for a month because their addiction is so bad. They will DoorDash fast food because they are too lazy to go pick it up.

Re: Family Dollar to close almost 1,000 stores

#33
post #7

When 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 pr…

And even then Aldi isn’t always cheaper. They make a ton of money on convenience items, like Soda.

But I do agree, aldi is pretty incredible. Most of the people shopping at my local Aldi are definitely more well off.

Re: Family Dollar to close almost 1,000 stores

#34
post #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.

Dollar stores generally have much higher margins than Walmart or Costco. They're more expensive per unit, but the upfront cash required by the customer is lower.

For this reason (cashflow) they are seen as a good option for poor people, where in reality everyone would be better served by Costco if they had the cash and storage room to buy in bulk, and a car.

Re: Family Dollar to close almost 1,000 stores

#35
post #7

When 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 pr…

The misconception about dollar stores is that they sell cheaper products. However it’d be cheaper to buy almost anything per unit at Costco. Dollar stores provide a service when they sell the same products but smaller sizes, which makes it easier for people who don’t have enough cash to buy stuff.

1. Don't have enough cash to buy stuff

2. Don't have enough capacity to eat stuff quickly (single people, small families)

3. Don't have ability to preserve stuff (don't have a full kitchen, maybe not even a refrigerator, maybe live in their car, etc)

4. Don't have the ability to get anywhere else

5. Not everyone "poor" is stupid - some people just want to buy Velveeta Cheese and pay a lot for it, for whatever reason, instead of whatever Aldi is selling.

etc...

I'm growing tired of this idea that everyone "poor" is dumb. The median "poor" person isn't much less intelligent than the median middle class person (and probably upper class for that matter, too).

Re: Family Dollar to close almost 1,000 stores

#36

Earlier quoted context omitted.

This isn't true -- all Aldi locations accept SNAP EBT. https://www.aldi.us/about-us/snap-ebt-payment/

Huh, wild. Thanks for the correction. I wonder why my local (USA) Aldi had a sign on it's door saying it doesn't.

That seems like something to bring up to corp. sounds like a store manager doesn’t want a certain clientele.

Re: Family Dollar to close almost 1,000 stores

#37
post #7

When 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 pr…

The misconception about dollar stores is that they sell cheaper products. However it’d be cheaper to buy almost anything per unit at Costco. Dollar stores provide a service when they sell the same products but smaller sizes, which makes it easier for people who don’t have enough cash to buy stuff.

And also proximity. Costco usually requires a car to get to vs dollar stores that are clustered around public transit.

Re: Family Dollar to close almost 1,000 stores

#38
post #7

When 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 pr…

For the truly poor on food stamps Aldi is not an option. They do not accept food stamps.

[deleted]

Re: Family Dollar to close almost 1,000 stores

#39
post #7

When 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 pr…

Another good thing about Aldi is that they let their cashiers sit down.

It's unethical that other grocery chains don't provide chairs for their cashiers.

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