U.S. low-price shops pursue real-estate expansion: WSJ


By Xia Lin
  • World
  • Thursday, 19 Sep 2024

NEW YORK, Sept. 18 (Xinhua) -- U.S. dollar stores, where prices are very low and buying cost-effective, are contending with slowing sales and weaker earnings, but this is not stopping them from pursuing an aggressive real-estate expansion, The Wall Street Journal (WSJ) reported earlier this week.

"Dollar General and Dollar Tree, the nation's largest dollar-store chains, are together on track to open more than 1,300 new locations this fiscal year," said the report. "That is down from last year. But it still far outpaces other retailers' expansions, reflecting dollar-store executives' belief that new stores are the key to juicing sales and capturing market share."

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