Low-cost retailers like 99 Cents Only are facing challenges due to the success of supermarket giants Walmart and Aldi. Customers are experiencing increased prices, expired goods, staff shortages, and unpleasant shopping experiences. This trend is causing turbulence in the sector.
California-based 99 Cents Only is shuttering its 371 stores. Supermarket successes at Walmart and Aldi are a problem for all these low-cost retailers .
"On any given day, you had to maneuver around boxes in aisles, and items were not placed where they should be," Colvin-Graves says.Ellen Forroux of Medford, Oregon, finds herself running into Walmart, which is sprawling in size and less conveniently located, instead of the smaller format neighborhood dollar stores she used to frequent. Forroux is disabled and lives off her Social Security income, so stretching dollars and avoiding big box stores is important to her.underway.
Dollar General and Family Dollar have an 80 percent consumable merchandise mix: food, cleaning supplies, and healthcare. Dollar Tree sells more seasonal and impulse buys in more affluent suburban strip malls: wrapping paper, gift items, and toys. While Dollar General caters to a primarily rural clientele, Family Dollar stores are generally in urban areas.is $39 billion
"There are a lot of trials going on; the gasoline story is an effort to see whether you can take traffic away from supermarkets," Strong said. Dollar General is trying to mimic Walmart in places by adding gas pumps, and Walmart is trying to copy Dollar General's success by trying smaller-format stores. Eventually, it may be difficult to differentiate the brands, so Della Penna says that one of the few ways left to do that is through investing in creating a better customer experience.Strong said the industry's future will be shaped mainly by economics but partly by personalities.
99 Cents Only Low-Cost Retailers Supermarket Walmart Aldi Challenges Prices Expired Goods Staff Shortages Shopping Experiences Turbulence
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California-based 99 Cents Only Stores is closing down, citing COVID, inflation and product theftCalifornia-based 99 Cents Only Stores says it will close all 371 of its outlets effective Friday.
Lire la suite »
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