SAN FRANCISCO, CA -- David Cottle at the Source has whacked the family of dollar stores, so popular during the Great Recession. With near contempt, he suggests the recent decline in dollar store earnings represents that the recession is nearing an end.
Not so fast.
Strategics: For investors-operators and re-developers, it's a fair question. However, recall that just two days ago, Dollar General, announced they'll open 625 new stores and hire 6,000 new employees. What American company has boldly announced major job hirings in the last six months.
Here's the point. The consumer has been become permanently fixated on frugality. An entire generation will never forget what happened to their homes, their 401(k)'s, and stock holdings. The retail bliss is gone. Smart shopping is in. So discounters like the dollar stores are here to stay. They're good (but stingy) tenants. Property profiles will still boast dollar store tenants.