Dollar Store Chains Make Up Nearly One Third of All U.S. Store Openings So Far This Year

Retail closures may be plaguing department stores as of late, but discount chains are on the upswing, with plans to open hundreds of new locations this year. According to a new report from Coresight Research, dollar store chains, including Dollar Tree, Dollar General, and Family Dollar, have announced that that they will open a collective 1,626 new stores. That’s out of a total 4,799 of announced store openings in 2021 so far, compared with the 3,597 announced in May. Gas station chain Murphy USA, Five Below, Ace Hardware, Foot Locker, Aldi, and Burlington Stores also topped the list of the retailers planning to open the most stores this year. The results highlight a consumer attraction to discount and low-price stores, in part due to high levels of unemployment and a general spending hesitancy from the pandemic. Dollar General announced that it would add 1,035 new stores in 2021. To attract higher income shoppers, Dollar General unveiled Popshelf, a new retail concept that offers accessories, decor, cosmetics, household supplies and more, last year. Some of Dollar General’s new stores are expected to bear the Popshelf name. Dollar Tree, which also owns Family Dollar, plans to add 393 Dollar Tree stores and 198 Family Dollar stores

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