My local Dollar Store is closing

[OldGuy]

I was told this morning that my local dollar store was closing so I looked online to see how many are closing and it is shocking. They started a list a long time ago of how many and where the stores are that are shutting down. One of the reasons was leases expire at certain locations but number one on the list of reasons why was COST and no PROFIT.

Sure hated to hear that because I am only two blocks from the store I have shopped at for 16 years and into my 17th year already. There is another chain store about a 16th of a mile away which I will have to give a try again. That will make my shopping trips twice as long and about a two mile extra mileage each trip to that other store.

The food market is on the same slab as this dollar store that is shutting down but they are so high on everything it would be absolutely foolish to do all the shopping there so I would just buy what I could not buy at the dollar store which wasn't much at all. I spent the bulk of my weekly shopping at the dollar store. Now this market next door is probably the owner of the dollar store property and just refused to renew a lease or they had nothing to do with it.

With prices so high now you would be totally shocked to see just how many different dollar chains that are closing and the list gets longer. The democrats are the direct cause of a mass shut down in our economy and believe me this is what causes depressions. We better hope we get them out of office in two weeks or we've had it.

I am not certain the other chain store is still open it has been so long since I shopped there, I think I visited one time this year but it may have been last year. I noticed right away their prices were no where near what the dollar store had so the extra one mile one way plays a very big difference on my shopping in the near future. I may just go ahead and buy a cheap spare tire and start driving to Walmart a round trip of twenty miles, at least I would save on what I buy at the time. I won't be able to shop every week one or two times. Our economy sucks big time today and I know who to thank for all the money I lost for 4 years.

 

[Flagg]

There are approximately 34,000 Dollar type stores in the U.S.

Most of those opened in the last 5-ish years, despite a history of them in the US going back decades.

More dollar type stores in the U.S. than McD’s, Starbucks, Target, and Walmart….combined.

It’s probably the most egregious example of rapid and excessive retail footprint growth in a single category in business history.

They raced off a cliff in a competition to see which dollar store network would dangerously over-invest the most and the fastest.

Yes, the economy is really struggling.

Yes, the current government bears much responsibility.

Yes, there is correlation with more people spending their declining discretionary income at dollar type stores.

But no, we can’t attribute dollar type store closures to a bad economy. It’s really due to bad leadership all chasing the same bad idea(dangerous levels of retail footprint over-investment).