Thursday, September 8, 2016

Dollar Channel Leads In New Store Growth

Image result for dollar general store openingU.S. consumers are always looking to make the most of their hard-earned dollars, and with an array of choices on where to shop—from grocery stores to supercenters to warehouse clubs—they have no shortage of retailers from which to choose. So how are different retail channels keeping pace with today’s shopper and navigating today’s complex shopping landscape?

Consumers flocked to more than 6,100 new retail stores that opened across the U.S. between December 2013 and December 2015. While grocery stores and supercenters still drive the bulk of consumer packaged goods sales, two different channels are leading in store expansion. Together, dollar stores and convenience stores represented more than 87 percent of the total new store openings. And while c-stores had the highest total number of store openings (2,913), dollar stores are actually growing at the fastest rate (9 percent).. . . more

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