Discount Grocers and Affordable Pricesretail sellerWorking to meet the needs of consumers looking for affordable grocery options.
Grocery prices have increased 25% over the past four years, higher than the overall inflation rate of 20% during the same period, said John Clear, senior director of the consumer retail group at consulting firm Alvarez & Marsal. Retailers have opened their doors.
Discounts at dollar store chains Dollar General and Dollar Tree from 2019 to the end of 2023, according to information from analytics company GlobalDataSupermarketManagement recently reported that Aldi and Lidl have combined to expand their footprint by approximately 17%investPeople, Dollar General alone has branches within 5 miles of approximately 75% of the US population.
For Aldi and Lidl, this approach has shown results. Industry experts say financially strapped consumers are more willing to break their habits and save money on necessities.
Aldi, one of the fastest-growing supermarkets in the United States according to the National Retail Federation, announced this month an ambitious four-year expansion plan that includes opening 800 stores and the recent acquisition of Winn-Dixie and Harveys store remodels. Is. From the National Retail Federation, Aldi will earn 124 billion yuan in 2022, of which 40 billion yuan is in the United States.
Dollar Tree and Dollar Tree have both said they will expand private label options in stores, with Dollar Tree recently announcing that it sells fresh fruits and vegetables in more than 5,400 stores, about a quarter of all locations. Chief Executive Todd Vassos told Reuters Investor: “The goal is to increase sales of agricultural products to 1,500 stores in 2024.”
Vassos said Dollar General opened 987 new stores last year and made 129 moves and renovations in 2007. The company opened its 20,000th store last month and plans to add 800 stores and remodel 1,500 this year. Branches and 85 branches were transferred.
But everything is not smooth. Dollar Tree added more than 1,500 branches from 2019 to 2023, and now plans to reduce its locations, primarily the stores of its subsidiary Family Dollar, which is expected to close about 1,000 branches over the next few years .
But the company’s flagship Dollar Tree brand has been a bright spot, adding 3.4 million shoppers last year, most of them from families making more than $125,000 a year.
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