Dollar & Variety Stores in the US
The Dollar and Variety Stores industry has performed strongly over the five years to 2018. While it was uncertain if the industry would remain in high demand following the economic recession, industry operators have made several changes to their operational strategy to sustain growth rates. A substantial platform for change within the industry has been the customer base; while the industry has historically targeted exclusively low-income earners, this consumer pool has expanded in recent years to include middle-class shoppers and even some high-income earners. Over the five years to 2023, IBISWorld expects the industry to fully transition into a mature industry. While major players are expected to continue expanding, smaller companies and single-branch operators are less likely to sustain revenue gains. The industry is expected to consolidate and deal with tougher competition from traditional rivals, such as Walmart, which will pressure demand. Consequently, growth is expected to be slower than the previous five-year period.
This industry retails general merchandise, such as apparel, automotive parts, dry goods, hardware, groceries and home furnishings. Typically, industry operators retail these goods at discounted prices. The industry does not include department stores, warehouse clubs or grocery stores.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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