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- 25 Things You Didn’t Know About Dollar Stores
- 10 surprising things you might not know about Dollar Tree
- These Dollar Stores Are Open on Christmas for Last-Minute Shopping
- Dollar Tree Holiday Hours Open/Closed
- Business is booming for Auburn-based dollar store chain
- The Dollar-Store Battlefield
- What Dollar Store Locations Reveal About America
- Blue Collar General: For low-income towns, dollar stores are a surprisingly bad deal
- How Do Dollar Stores Make Money?
25 Things You Didn’t Know About Dollar Stores
Stores pull together color-coordinated items in matching or complementary hues as part of a thematic display designed to spark impulse purchases and multiple sales. A retailer will spotlight a spring-themed bathroom display, for example, grouping blue, yellow and green shower curtains, bath towels, a rug and bath mat "so that it makes a really nice statement," Steve Ryman, the former vice president of home for both Sears and Kmart SHLD , who now runs retail consultancy Ryman Consulting, tells DailyFinance.
Everything from pineapples and palm trees to owls and peace signs have at one time or another captured the imagination of the American consumer -- prompting them to shell out cash for all manner of merchandise sporting the motif du jour. Often a trendy motif starts at the high end, "then filters its way down to every store in the nation," Ryman says. When a look is at the height of its popularity, retailers know shoppers are under its odd spell -- but only for a limited time.
So while the going s good, they conjure up store displays that enshrine the motif, often featuring "totally unrelated products," Ryman says. Accordingly, a shopper might find they ve brought home a pineapple-themed wreath, bath accessory, doormat and candle. Stores trick shoppers into thinking, " the more you buy, the more you save -- without regard to how much you actually need," Cohen says. Call it retail theater: Stores hire well trained and bubbly marketing experts to draw you to their product demonstrations by staging tempting, multi-sensory experiences.
The seduction begins with the overall look and feel of the demo area, with a display that "catches your eye," Ryman says. Then stores further hook shoppers with food and drink. So a browser sampling, say, a new cheese cutter, is also fed "cheese and sausage, and at the same time they re selling you the cheese cutter, they re selling you knives, six new wine glasses and a bottle of wine," Ryman says. Out with the old, in with the new: Stores send this message to shoppers by playing up new merchandise -- even when its newness is dubious -- by showcasing the goods in a fresh setting, prompting shoppers to make an unplanned purchase.
Retailers highlight presentations of current-season clothing, for example, "which by virtue of fashion, silhouette, or features and benefits, makes last season s merchandise appear to be dated or obsolete," Cohen says. And with consumer packaged goods like cereal, stores can accomplish the same thing "merely through the use of the word new on a package, insinuating the importance of what is typically an insignificant reformulation.
Stores will also try to coax an unplanned purchase from a shopper s planned purchase, a common ploy at electronics chains. Brent Shelton, a spokesman for money saving shopping site FatWallet. These stores also push shoppers to buy extended warranties, which consumer advocates say are mostly a waste of money for a variety of reasons.
For one, products rarely break within the extended warranty period, but instead after they ve long expired. What s more, "many credit cards will extend the warranty just for using their card," Shelton says. These displays, featured in prominent areas on a store s selling floor, scream: Buy this merchandise! Strike zones are "in-your-face, impossible-to-miss displays of merchandise that [the retailer] wants you to notice whether you re looking for something or not," Cohen says.
The implicit message is, "It s new, it s special and you ve got to check it out, and hopefully, [buy] it. Indie That Isn t: The Hair Index: Greek Default the Biggest in History? No Problem, Says Bernanke! Taxing Cinema: See Gallery. Sign up for Finance Report by AOL and get everything from consumer news to money tricks delivered directly to your inbox daily! Subscribe to our other newsletters. Learn more. If you change your mind, here s how to allow notifications:. Stay in the loop! Get breaking news and big stories on your desktop.
Notify Me. When prompted, click "Allow" you can always change your mind later. Search The Web Search Aol. Discount Distortion: Travis Hoium, AOL. Their revenues are exploding, earnings are off the chart, and stock prices are on the rise. That s good news for investors. But what about everyday shoppers? Are they really getting their money s worth when shopping at these discount stores?
You would think the biggest discounts could be found at dollar stores; it s right there in the name. If it s a dollar it must be cheap, and if it s a dollar it must be a discount. But a discount is more than just the cost of an item -- it s the amount that item is discounted versus the competition. A true discount retailer will make less money on each item it sells than its competitors.
And this is where dollar stores start to look a lot more expensive than competitors. So who is the best discounter? Up Next. Discover More Like This. Get info on stocks mentioned in this article: Can t get enough personal finance tips? From Our Partners. Blind Golden Retriever gets new best friend who is a "seeing-eye" puppy. Mortgage rates are on the rise, but rates are still low. Refinance …. Home Values are Skyrocketing! Access the Equity in Your Home Today. Want to pay no interest until ?
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10 surprising things you might not know about Dollar Tree
Dollar General became the fastest growing retailer in the US by catering to low-income consumers with no other options. Now, Dollar General and Dollar Tree are expected to have 50k stores in the next few years — roughly 10x as many as Walmart. But, dollar stores can be a discounted devil in disguise: But, while customers pay less at dollar stores, they also get less: In communities with no retailers, dollar stores can spare consumers a journey.
Phone number is required to enter at checkout to redeem coupons.
This discount chain, headquartered in Chesapeake, Virginia, has more than 13, stores across 48 states and five Canadian provinces. Considered the standard for rating the toxicity of personal care products. In the world of dollar stores, there are two kinds of players. And then there are places like Dollar General and Family Dollar , which are dollar stores in name only. Incidentally, Dollar Tree recently completed an acquisition of Family Dollar. The acquisition really just allows Dollar Tree to reach a broader range of customers.
These Dollar Stores Are Open on Christmas for Last-Minute Shopping
Charles Olenik is feeling the dollar-store disturbance. This is where my store can gain advantage. The silver lining for Strickland? To better compete, c-store retailers need to better understand their discount retail rivals—and their strengths and weaknesses alike. Those strengths are numerous, says Babs Ryan, retail consultant and global inventor for Boston-based Sparks Worldwide.
Dollar Tree Holiday Hours Open/Closed
Stores pull together color-coordinated items in matching or complementary hues as part of a thematic display designed to spark impulse purchases and multiple sales. A retailer will spotlight a spring-themed bathroom display, for example, grouping blue, yellow and green shower curtains, bath towels, a rug and bath mat "so that it makes a really nice statement," Steve Ryman, the former vice president of home for both Sears and Kmart SHLD , who now runs retail consultancy Ryman Consulting, tells DailyFinance. Everything from pineapples and palm trees to owls and peace signs have at one time or another captured the imagination of the American consumer -- prompting them to shell out cash for all manner of merchandise sporting the motif du jour. Often a trendy motif starts at the high end, "then filters its way down to every store in the nation," Ryman says. When a look is at the height of its popularity, retailers know shoppers are under its odd spell -- but only for a limited time. So while the going s good, they conjure up store displays that enshrine the motif, often featuring "totally unrelated products," Ryman says. Accordingly, a shopper might find they ve brought home a pineapple-themed wreath, bath accessory, doormat and candle. Stores trick shoppers into thinking, " the more you buy, the more you save -- without regard to how much you actually need," Cohen says. Call it retail theater:
Business is booming for Auburn-based dollar store chain
It s 9: And if you re honest with yourself, that half-finished roll of toilet paper might not make it through the night. It s time to hit the store. Now, you ve got a choice to make. The nearest grocery store is 25 minutes away and the Walmart is even further.
The Dollar-Store Battlefield
New York CNN Business Family Dollar will close stores this year — one of many big changes the discount retailer hopes will help reverse its fortunes. Tech Innovate Gadget Mission: Media Reliable Sources. Center Piece. US Politics. Chat with us in Facebook Messenger. Find out what s happening in the world as it unfolds.
What Dollar Store Locations Reveal About America
Dollar stores seem immune to changing consumer interests. The discount chains continue to attract customers who want to save money on necessities. Whether you visit Dollar Tree, Dollar General , or a competitor, check out these tips before shopping. There are a few major differences between Dollar Tree and Dollar General stores. But beyond that, even certain Dollar Tree locations can have extremely different merchandise. The product selection at the dollar store near your house might pale in comparison to the larger location on the other side of town. Online shopping iStock. Did you know you can buy dollar store items online? Dollar Tree is known for their huge selection of holiday items that are perfect for parties or just making your home look festive.
Here we are sharing information about Opening and Closing Holiday Hours that would help to save your time. It was founded in
Blue Collar General: For low-income towns, dollar stores are a surprisingly bad deal
A new report shows growth of dollar stores in low-income and rural communities furthers inequity and pushes out local businesses. Today, there are more dollar stores in the United States than all Walmarts and Starbucks combined. Detailing the explosion of dollar stores in rural and low-income areas, the Institute for Local Self-Reliance ILSR recently released a report that shows how these retailers exacerbate economic and public health disparities. The report makes the case that dollar stores undercut small rural grocers and hurt struggling urban neighborhoods by staving off full-service markets. ILSR also argues that the proliferation of dollar stores is the latest outgrowth of an increasingly concentrated grocery sector, where the top four chains —Walmart, Kroger, Ahold-Delhaize, and Albertsons—sell 44 percent of all groceries, and Walmart alone commands a quarter of the market. These dominant chain stores have decimated independent retailers and divested from rural and low-income areas , as well as communities of color. Photo credit: Taber Andrew Bain. Two companies, Dollar Tree which acquired Family Dollar in and Dollar General, have expanded their footprint from just under 20, stores in to nearly 30, stores in , with plans to open yet another 20, stores in the near future. Dollar General alone opens roughly three stores a day. Department of Agriculture USDA as low-income areas where a third or more of residents live far from a full-service grocery store.
How Do Dollar Stores Make Money?
Long popular among the poor, the Great Recession has been a boon to dollar stores, bringing in a whole new wave of customers. Dollar stores have been proliferating in cities in recent years. A couple of weeks ago, Dollar General announced plans to create 6, new jobs and build new stores ; Family Dollar will open new branches. It s not poverty that s driving the boom, but anxiety. Much has been written about how post-crash consumers are dialing back their spending, paying down their debts and increasing their savings - a "new normal" in which conspicuous frugality replaces conspicuous consumption. But what of the geography of dollar stores:
Some of the links included in this post are from our sponsors. Read our disclosure policy. Most of us browse the internet to save money on big-ticket purchases, but what about items that only sell for a dollar or less? There are actually online dollar stores that can help you save money on these small purchases too. Instead of going to your local shopping center and hoping they will have what you are looking for, you should give these sites a try first. Everything is just a dollar when you shop in person or online. They have free ship to store when you want to order online and want to save time by not combing the aisles for the products on your list. You can get exclusive perks if you join their Value Seekers Club. Shipping is free for all orders to nearly any country in the world. Several Well Kept Wallet readers have high accolades for Dollar 1, so you know this store is legit.VIDEO ON THEME: Dollar General Is Putting Local Grocery Stores Out Of Business (HBO)