“It is thrifty to prepare today for the wants of tomorrow,” reads a quote on the BrainyQuote website. Although per capital disposable income is up and the jobless rate holds steady at 3.7 percent, this hasn’t stopped cash-starved students from eating Ramen noodles or consumers from ordering off the Dollar Menu at McDonald’s to save some hard-earned cash.
In its August 2019 report titled “Dollar & Variety Stores in the US,” Los Angeles-based IBISWorld notes that dollar and variety stores have “performed strongly” during the five years to 2019. In fact, the discount retailer channel generated $87.4 billion in sales at a compound annual growth rate (CAGR) of 4 percent, it stated.