Dollar Store Visits Quickly Rebound to Pre-COVID Levels With Likely Increased Demand

While a clear winner is leading the dollar store sector, industry observers say the need for dollar stores' price predictability will linger deep into 2020 and possibly 2021.

Recession where? Dollar stores have already returned to year-over-year visitor growth during the week of Aug. 3, according to a study by consumer tracker Placer.ai. Industry observers expect continued demand for the thrift stores as shoppers tighten their budgets.

Beginning the week of Aug. 3, visits to Dollar General increased to 22% compared to the same week last year and Family Dollar also noted a 5% increase in visits. The Five Below retail chain finally crept from negative year-over-year figures to a nearly 2% increase during the week of Aug. 3. Similarly, Dollar Tree outperformed the first week of August 2019 by almost 1%.

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Victoria Hudgins

I am a reporter for Legaltech News where I cover data privacy, cybersecurity and technology's impact on the business and practice of law.

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