Dollar stores are doubling down on expansion despite shrinking sales and earnings.
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00:00Dollar stores are doubling down on expansion despite shrinking sales and earnings.
00:04Dollar General and Dollar Tree plan to open over 1,300 new locations this fiscal year.
00:10The company is aiming to capture market share amid reduced spending from their low-income customers and growing competition.
00:17While facing challenges like e-commerce rivals and operational issues,
00:21both chains invest in new stores and form strategic partnerships,
00:25such as Dollar General's deal with DoorDash, to boost their market presence.