591–600 of 754 posts
Massachusetts has a quite prominent law against this. "When buying groceries—food and non-alcoholic beverages, pet food or supplies, disposable paper or plastic products, soap, household cleaners, laundry products, or light bulbs—you must be charged the lowest displayed price, whether on the sticker, scanner, website, or app. If the lowest price you saw for an item is $10 or less, and that lowest price is not what yo…
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Explain why rural customers prefer the dollar store to the grocery store? Are they just stupid and don't know what's best for themselves? Perhaps the rural grocers are not carrying the appropriate product mix for their current (new?) customer base, and are overvaluing customer service? I don't like it - but I also spend time in rural communities and see why these places beat the local grocers. They offer better value…
They do not offer better "value on the dollar" they offer units that individually cost less but over a year of buying what you need to survive you pay more. That's how items are generally priced; smaller packages, higher unit price (as in, price per ounce). You shouldn't say "screeching" if you want to be taken seriously, it makes you sound shallow and dismissive, incapable of understanding how your narrow outlook is…
Does the consumer not have all of the information available to them to make the comparison of the per unit cost between a dollar general and a local grocery?
> Red Baron frozen pizzas, listed on the shelf at $5, rang up at $7.65. Bounty paper towels, shelf price $10.99, rang up at $15.50. This very rarely happens in MA, because when it does the store has to give you the item for $10 off, including if that makes it free. And they have to post a sign at the register explaining the law, which means when you're invoking it all you need to do is point at the sign. https://www.…
> Red Baron frozen pizzas, listed on the shelf at $5, rang up at $7.65. Bounty paper towels, shelf price $10.99, rang up at $15.50. Kellogg’s Frosted Flakes, Stouffer’s frozen meatloaf, Sprite and Pepsi, ibuprofen, Klondike Minis – shoppers were overpaying for all of them. Pedigree puppy food, listed at $12.25, rang up at $14.75. Surely, now that this made the news, there will be an investigation into the fraudulent…
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Then feel free to explain the studies and articles online describing how dollar stores are fucking rural grocery stores.
I don't see anything that says they are "fucking" them. I see plenty that they are out competing them. People get to choose to go to whatever grocery store they like.
> When dollar store chains open, it almost always cuts into the sales of local businesses. At first glance, it might seem like this is simply the nature of competition. But dollar stores use their hefty market muscle to make it virtually impossible for other businesses to successfully compete. With plenty of cash from shareholders and institutional investors, chain dollar stores have the resources to lose money indefinitely in a community until their competitors have folded.
> For many businesses, losing even a small percentage of sales can put the business at risk of failure. There are many types of businesses whose products overlap with chain dollar stores and that are therefore vulnerable, including hardware, small appliances, toys, reading materials, greeting cards, and health and beauty supplies. With dollar stores averaging around 10,000 square feet in size and sales of around $260/square foot, a typical Dollar General captures over $2 million in sales every year — and those sales are likely coming out of the cash registers of businesses already there.1
> This is an enormous problem for grocery stores in particular, which have razor-thin profit margins. Cutting into a grocery store’s sales even a small bit can endanger its survival. Food is what customers buy most often in dollar stores,2 making dollar stores a clear threat to grocery store survival or creation. And grocery stores’ profit margins are higher on items other than fresh produce — things like processed, prepackaged food and snacks — which is the bulk of the food that dollar stores sell. Peeling off just enough sales of packaged food can send a grocery store into the red.
> There are many examples of grocery stores that closed when a dollar store opened nearby...
It is important to understand that Dollar General and Family Dollar serve thousands of flyover communities where there are no Walmart stores or other viable market access. Dollar General has stated that it can generate profits in communities with fewer than 1,000 homes. Walmart generally requires a much larger population base for its stores. Dollar General is the largest retailer in the US by number of locations, wit…
While most comments will be negative toward Dollar General, in many areas Dollar General or Family Dollar or Dollar Tree are the only places you can get access and distribution to a wide range of products and brands in areas which are otherwise underserved. You can dislike it, but they've evolved and expanded in part because they are very good at serving these areas profitably, where other businesses aren't. People w…
I have overall had good experiences with Dollar General, but mis-pricing items like this is completely unacceptable. This article is very damaging to their brand to me. Even though I haven't experienced it myself.
I once worked as a cashier at “The Fresh Market” chain, a higher end, higher income store. We had this issue all day every day. I couldn’t go a shift without having to call over the manager for two or three price corrections. The root-cause was our incompetent stoner stock-boy would leave up discounted sale signs up for days and even weeks after the time had passed. Despite his bad work ethic he worked there for years because help was just that hard to come by. Nothing ultimately malicious by corporate but the end result looks suspicious as can be.
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That's a good point. Private Equity is a fairly broad umbrella term that encompasses a variety of investment strategies and business models. The type of Private Equity that most here are referring to is the type that buys up existing businesses, squeezes as much money as possible out of them, and throws their desecrated corpses in the gutter. These "investors" are a blight on society, this activity should be criminal…
Just like crows! People hate crows even though they play a valuable role in ecosystems. I would argue that moribund businesses who maintain a competitive moat but are otherwise extremely unproductive and inefficient are the real blight on society. If PE firms can liquidate those businesses and open up the market while freeing up capital for more productive investment then I fully support them. I would love to hear so…
> Red Baron frozen pizzas, listed on the shelf at $5, rang up at $7.65. Bounty paper towels, shelf price $10.99, rang up at $15.50. This very rarely happens in MA, because when it does the store has to give you the item for $10 off, including if that makes it free. And they have to post a sign at the register explaining the law, which means when you're invoking it all you need to do is point at the sign. https://www.…
How long has this been the law? I lived in Boston for a while and don't remember this.
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Private equity are the crows of the economy. They pick off weak / dysfunctional businesses and open space for fresh competition (or for other markets to open up).
As far as I’ve seen that’s as far from the truth as it can be. They in fact consolidate terrible businesses, undercut the good ones and drive them out of the market until only they are left, after which point, they get even worse.
But seriously. Are there anyone who hasn't interacted with a business systematically enshittified in one form or another by PE?