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Dollar store chains, once among the top S&P 500 performers during the Great Recession, are facing a tough year. Shares of Dollar Tree and Dollar General have dropped about 50% in 2024. High inflation has forced lower-income customers to focus on essentials rather than discretionary items. These essentials make up many sales but are generally less profitable. The growth of online shopping has hurt these retailers, as they have struggled to keep pace with e-commerce investments made by competitors. Both chains face ongoing worker safety violations.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Dollar store chains, once among the top S&P 500 performers during the Great Recession,
00:06are now facing a tough year. Shares of Dollar Tree and Dollar General have dropped about 50%
00:12in 2024. High inflation has forced lower-income customers to focus on essentials
00:18rather than discretionary items. These essentials make up a large portion of sales but are generally
00:23less profitable. The growth of online shopping has also hurt these retailers as they have
00:28struggled to keep pace with e-commerce investments made by competitors.
00:31Both chains face ongoing worker safety violations.
00:34For all things money, visit Benzinga.com slash GSTV.

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