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THE CURRENT STATE OF THE DOLLAR STORE INDUSTRY IN TODAY'S ECONOMY
“Unemployment is at it’s highest rate this decade. Banks are tightening credit.
The dollar is losing value and gas prices are going up at a stagnating rate.
Foreclosures abound and there is a major crisis in the sub-prime market.”
There is no secret that as the current weak economy is having a negative effect
on today’s economy. The average consumer has less buying power but still needs
to purchase the day to day necessity items . Even the higher wage earners are
becoming bargain and comparison shoppers by necessity. Dollar Stores are
developing a reputation as being fairly recession proof.
Raul Bravo, a senior site location analyst at RPI Commercial, has noted that
“Dollar Stores are becoming an important destination for today’s consumer. More
and more communities are informing shopping center developers of the need for
Dollar Stores in their area.” This explains the current surge of people around
the world looking to open new stores. Smart entrepreneurs are relocating in
areas badly hit by the current weak economy and setting up Dollar stores there.
Many “high ticket item” retailers are closing up and Dollar stores are moving
into their vacating spaces.
As the conditions continue to be difficult, leading Dollar store suppliers like
Buckstore, inc. are paying close attention to the pulses of their customer base,
offering them basic necessity items at low, affordable price points. Careful
attention is made to keeping the lowest prices while maintaining their high
quality standards.
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