As the United States and countries around the world wade through the ongoing coronavirus pandemic, consumers are grappling with the immediate health effects, as well as wider financial implications related to job loss and macroeconomic issues Displacements

According to experts, the result is a more financially cautious shopper in the critical retail season – a trend that could hurt some businesses but is a boon to dollar store business

A report this week from research firm Placerai suggests that Dollar General and Five Below are particularly bucking pandemic trends and doing better year-over-year in terms of pedestrian traffic. Dollar Tree is now “almost there, but still has some way to go.” in front of you, “Placer said, adding that the holiday shopping season” gives good reason to believe that these retailers are leading the indictment and will close 2020 on a bang””

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Dollar General, who did well before COVID-19 – and even in the middle of the pandemic, revealed his plans to attract high-end buyers through the launch of his Popshelf concept shops – is enjoying the past few, according to Placer Months of excellent traffic dynamics August, September and October visits increased by 136%, 22% and 74% year on year And so far this month, pedestrian traffic has increased by 8.6% and 96% year on year in the first two weeks

Meanwhile, Five Below has made its comeback after customers visited Tank 93, 4% year over year in April, when government contracts forced so-called non-essential retailers to go dark in October, its visits were up 9% – a sign for the company facing a “monster holiday season,” said Placer The year also got off to a strong start before the pandemic hit the USwith progressive store visits 173% and 248% in January respectively February

Dollar Tree appears to be stable, outperforming many of its retail counterparts on key metrics, according to Placer, pedestrian traffic was down 3.4% year over year – a far cry from the double digit retail declines – in October

The low-priced retail chain also reported reassuring results on Tuesday: Dollar Tree net sales rose 75% to $ 6.18 billion in the third quarter with total sales in the same store, including Family Dollar, up 51% (Sales in the same store for Family Dollar rose 64? Sales of Dollar Tree in the same store rose 4%)

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World news – USA – The battle for the dollar stores: How Dollar Tree, Dollar General and Five Below are doing this holiday season

Source: https://footwearnews.com/2020/business/retail/dollar-stores-five-below-dollar-tree-dollar-general-holiday-sales-traffic-1203078102/