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One Would Think Low-Cost Stores Would Know How to Adapt During Poor Economic Times . . .

Summary:
Apparently, the larger WalMarts, Target, etc. know how to do so. The lower cost rivals(?) which should have greater appeal to its targeted customers are struggling. ~~~~~~~ Dollar General and Dollar Tree need a ‘new playbook‘ to compete . . . In the world of retail, Walmart, Target, and Costco continue to thrive with their blend of quality and convenience. Low-cost rivals Dollar Tree and Dollar General face declining consumer interest and market challenges. Recent earnings reveal “macro pressures on consumer spending” are significantly impacting these discount chains. Once celebrated as budget havens, Dollar Tree and Dollar General are facing the task of reinventing themselves to regain their place in shoppers’ hearts and wallets.

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Apparently, the larger WalMarts, Target, etc. know how to do so. The lower cost rivals(?) which should have greater appeal to its targeted customers are struggling.

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“They need to make the necessary operational shifts, expand affordable and quality offerings, and enhance the customer experience both in-store and online,” Wells said. When they do, they need to “make consumers aware of their changes.”

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