Buy A Dollar Store ((NEW))
Dollar General (DG 1.33%) share prices are well down for the past few weeks, and not surprisingly so. In addition to so-so quarterly results from its discount-retailing peers, Dollar General itself posted relatively disappointing preliminary Q4 results late last month. Same-store sales growth likely rolled in closer to 5.7% for the three-month stretch ending in early February, versus the company's previous guidance for growth of between 6% and 7%.
buy a dollar store
It's this very backdrop that plays right into the value-oriented hand Dollar General is holding. The store chain's appeal to below-average earners is relatively well documented. The company's average demographic, however, is changing. During the Q3 earnings call held in December, CEO Jeff Owen made a point of mentioning that Dollar General is drawing more customers earning as much as $100,000 per year. That metric jibes with a recent comment from Dollar Tree's CEO Mike Witynski, noting that most of its new customers live in households earning more than $80,000 per year.
One of these projects is DG Fresh, which introduces more perishable groceries in the company's stores. Dollar General installed over 17,000 in-store coolers during the third quarter of last year, en route to what was expected to be the installation of 65,000 new coolers in 2022. Fresh produce is also already sold in over 3,000 Dollar General stores, with as many as 10,000 locales expected to eventually offer fresh fruits and vegetables.
Finally (and statistically speaking), the discount store chain probably earned more than analysts are collectively expecting for the fourth quarter, as it has in 12 of its past 15 quarters. Look for a revenue beat as well.
Underscoring this probability is the fact that Walmart, Target, and Dollar Tree already reported earnings beats for their most recently completed quarters, with Walmart and Dollar Tree doing so largely thanks to same-store sales growth that's better than the growth Dollar General says it's expecting for itself.
I found 14 green cleaning items that can be purchased at the dollar store, rate an A or a B on the EWG Guide to Healthy Cleaning, and can be used to mak one or more of my favorite natural homemade cleaners.
According to this study, dollar stores are the fastest-growing food retailers, expanding at an unmatched pace, especially in rural areas. To lure shoppers, Dollar General and Dollar Tree (which also owns Family Dollar) have been adding more refrigeration units and expanding their grocery options to include healthier foods and fresh produce.
Since many retirees decide to use their newfound free time to explore, having bottles small enough to fit in a carry-on bag at the airport is a great convenience. You can likely nab them for less at the dollar store than at your local convenience or grocery stores.
Dollar stores also often offer bargains on glassware and offer a large array of options. For example, Dollar Tree sells wine glasses, square-bottom bourbon glasses, old-fashioned glasses, and more for just $1.25 each.
There are plenty of items that you should probably avoid purchasing at the dollar store due to quality concerns. However, for home decor, pantry basics, and party supplies, many people turn to dollar-store shopping and wind up saving big.
Experts warn about the lack of quality standards when it comes to non-name brand dollar store pet food. You may want to stick to pet stores and other retailers for larger quantity purchases and brands with stricter ingredient guidelines.
Larger Liberty Dollar stores of 10,000 sq. feet will require a larger investment between $257,900 and $307,900. The prices change depending on the square footage of your store and the supplies you wish to sell with items up to $10 or less. The area you plan to open the store will also impact startup costs as the monthly lease, permits, taxes, and cost of labor will varies depending on where you live.
At first, Dollar General would sell items with a price tag for a dollar only. They were best known for their $1 pink corduroy pants for men and greeting cards that sold for 2 pieces for only $1. Today, items that you can find in Dollar General range from office and household supplies, medicine, toys, electronics, pet care, cleaning aids, personal care, and even food and beverage.
What came with the change in times was also the change in prices. Dollar General still sold $1 items. But a majority of their products are priced under $10. Only 25% of the products at a Dollar General store is now $1 or less.
The retail company has also started opening DGX, a small store concept that focuses on grab-and-go items such as sandwiches, salads, electronics, home cleaning supplies, and more. The first of this kind opened in Nashville, Tennessee in 2017.
Because presbyopia is caused by age-related changes to the lens of the eye, it isn't preventable or reversible. But experts say that the right pair of reading glasses, including those readily available at retailers like a dollar store or pharmacy, can help bring small print and other objects, like your smartphone screen, back into focus.
If you haven't been to the eye doctor or want a way to double-check in the store, Andreoli recommends grabbing a greeting card from the stationery aisle to carry out a DIY test: Hold the card at a comfortable reading distance and try on several pairs until you find the ones that work best.
Dollar stores are the fastest-growing food retailers for homes in the U.S., according to a study published in the American Journal of Public Health Thursday, as more households shift away from grocery stores and supermarkets amid rising food prices.
Researchers from Tufts University found that the average spending on food purchases per household at dollar stores increased by 89.7% between 2008 and 2020, according to an analysis of approximately 50,000 homes across the U.S.
The study suggests more households are spending money at dollar stores because of rising food costs, as the average costs of grocery store or supermarket food purchases increased by 12% between 2021 and 2022, according to the Department of Agriculture.
Dollar General has been on our radar since they announced their plan to bring fresh produce, veggies and other grocery staples into nearly 200 stores throughout 2018. While the new produce-heavy grocery aisles aren't in every Dollar General location just yet, I wanted to see firsthand how their private food brands (namely Clover Valley) stacked up in the health department.
But along with those treasures, you'll undoubtedly find junk, as a dollar price tag doesn't always indicate a good value. Not sure what to avoid at the dollar store? Then check out our list below of the things you should buy somewhere else.
Dollar-store health items can be of questionable quality and value. "Medicine, vitamins, and supplements should be of high quality when putting them in your body," says Kristin Stones, who writes for the personal finance site CentsandPurpose.com. "Even if you find brand name, the cost per item is much higher at the dollar store since the quantity is so much smaller."
The issue of safety comes up in the case of baby utensils. "The plastics in dollar-store products can contain harmful chemicals you do not want ingested by your sweet baby! Definitely not worth the money you'd save!" Stones cautions.
Be choosy with cleaning products, as some of the less popular brands can be a great value. However, when you see big brands, they're usually in smaller quantities. "If purchased at another store, you'd likely pay less per ounce!" according to Stones.
Hair dye is already filled with chemicals, and risking dollar-store dye may not be worth it. "I'd be scared to know what is in the dye from the dollar store and wouldn't want that anywhere near my scalp," Stones says.
If you need a backup phone charger, you might be tempted to grab one for a buck. But Dustyn Ferguson of DimeWillTell.com cautions against doing so. "Chargers at the dollar store can be dangerous for your expensive devices as they are not certified and can cause shortages, which can ruin your device," he warns. And they don't typically offer as much charging power, which means even if they do work, they'll likely take much longer to fully charge a device.
Hearn frequently discusses the reasons why most dollar stores are a waste of money on the Facebook page Cards and Clips, including that products tend to be trial and travel size. Depending on your needs, you'll almost always pay more in the long run at a dollar store.
The price of dollar-store wrapping paper may draw you in, but don't count on the paper going very far. "A major mistake I saw people make during the holiday season was running to the dollar stores for wrapping paper," Hearn says. "Standard wraps are sold at or around 60-75 square feet which gives most the ability to wrap up to 10 medium sized gifts, 4 large gifts, and 20 small gifts."
You get what you pay for. Oftentimes, dollar-store batteries are either already dead or won't last longer than a week. And if you do find brand-name ones, the odds are high that they'll be more expensive than if you just shopped at your local big box store.
When it comes to dishwasher pods, the dollar store probably won't give you the best bang for your buck. "Last year Dollar Tree began selling a 2-pack of Cascade dishwasher pods for $1," Hearn says. "The problem with this is in most mass retailers such as Target or Walmart a 14-pack of pods averages at about $4.50-$5.50. Buying 7-packs at the dollar store can mean you will overpay by $1.50-$2.50."
If you're paying $1 per paper towel roll at a dollar store, you could actually be paying more. Not only is it a worse value, but the rolls aren't even the standard sizes sold at grocery stores or mass retailers.
Hearn is quick to point out that you can find better deals elsewhere. "You can easily get a 6-pack of paper towels for $4.99, which equates to about $0.84 a roll," she says. "Grocery and drug stores always have deals on a 6-pack of towels often a