Marketing

Robust expansion for discount retailers

Photo by istock.com

January 2, 2023

Dollar General Corp. and Dollar Tree Inc. expect to have 1,300 more stores open by the end of their current fiscal year, which ends in January, and Five Below Inc. and TJX Cos. will each be operating 100 more stores by year's end.

The discount retail expansion comes at a time when consumers are reducing spend and dealing with increasing inflation, especially with grocery purchases, according to a Wall Street Journal report.