Dollar Stores Struggle as Inflation Hits Low-Income Shoppers
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Dollar stores like Dollar General and Dollar Tree are seeing slower sales growth and facing operational issues like understaffing and messy stores.
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Poorer customers are cutting back on non-essential purchases to afford food amid high inflation.
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The expiration of enhanced food stamp benefits has also hurt dollar stores.
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Dollar Tree is closing 1,000 Family Dollar stores after struggling to integrate the chain.
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Dollar General is making changes like cutting items in stores to try to boost profits again.