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Household brands cash in on dollar-store dynasty

in Business/Local News

Major household brands are positioning their products for discount shelves, as dollar stores continue to pop up around the nation.

The big picture: America’s dollar-store chain storefronts steadily increased between 2019-2023, with more than 34,000 in the U.S. last year — exceeding the total of all McDonalds, Starbucks, Target and Walmart locations in the country combinedper a recent study.

  • “Dollar stores are one of the fastest growing channels in retail,” GlobalData managing director Neil Saunders told Axios. “They’re adding loads of stores, are attracting new customers, and seeing their share of wallet rise.”

Continue Reading On Axios

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