Nearly 1 in 3 new stores opening in the US is a Dollar General
CNN
Three dollar store chains will make up almost half of all the new stores opening up in the United States this year, a reflection of the dollar store sector's outsized growth in the retail industry as other chains close shops or stop building new ones.
About 45% of the 3,597 store openings that large retail chains in the United States have announced so far this year are from Dollar General, Dollar Tree and Family Dollar, according to the latest figures from Coresight Research, a firm that aggregates the numbers from company filings and press releases. These openings are a continuation of dollar stores' rapid growth even before the pandemic. Economists and retail analysts say dollar stores are expanding in part because of growing wealth inequality in the United States and the hollowing out of the middle class. The share of American adults who live in middle-income households decreased from 61% in 1971 to 51% in 2019, according to Pew Research Center.
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