Comment on Shoppers flooded dollar stores to stockpile cheap goods during the pandemic — here's why that's been a major boon to Dollar Gene

Shoppers flooded dollar stores to stockpile cheap goods during the pandemic — here's why that's been a major boon to Dollar Gene

Elijah Nouvelage for The Washington Post via Getty Images Dollar stores have historically seen great success during times of economic uncertainty and high unemployment. And the coronavirus pandemic appears to have offered major dollar store chains such an opportunity. Dollar General and Dollar Tree hosted earnings calls on Thursday. Dollar General posted triumphant numbers, while Dollar Tree saw a dip thanks to dampened Easter sales. However, analytics indicate that both dollar stores businesses remain poised to continue winning over consumers looking to pinch pennies in an uncertain economy. Visit Business Insider's homepage for more stories. The coronavirus pandemic has proved to be a nightmare for many retailers, but the dollar store business appears to have remained as sound as a dollar despite the tough times. Dollar General and Dollar Tree each reported earnings this week.

 

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