No longer dusty, out-of-the-way haunts, dollar stores have grown into a $56 billion industry, a 43 percent increase since 1998, according to the industry research firm IBISWorld.
One of the few niches of retail expanding in a dim economy, the dollar store industry's four top players -- three of which are Fortune 500 companies -- are no longer snubbed by developers, landlords, investors and consumers because of their perceived working-class customer. Publicly traded Dollar General, Dollar Tree, Family Dollar and 99¢ Only Stores are expanding rapidly -- so much so, a recent report by Colliers International found, that there are more dollar stores nationwide than drugstores, a profound conclusion given the nation's aging population.. . .
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