by Melissa Brunner
It seems WalMart is meeting its match. It's called the dollar stores!
I admit I'm a regular at the dollar store in my part of town. I enjoy seeing what kind of deals I can find and am disappointed that it doesn't have the scrapbooking odds and ends it used to.
However, a New York Times article posted Friday on Yahoo! Finance says dollar stores have seen a steady uptick in business during the recent economic slump. It seems people short on cash don't necessarily look for the savings you can find buying in the bulk packaging stores like WalMart often feature. Instead, they want what a dollar can buy. In other words, if I only have a buck, I'll pay a buck for a single roll. I don't have the money for the 12-roll package, even if that does save me a dime a roll in the long run. The dollar stores have responded by expanding their offerings of name-brand products in reduced-size packages.
In response, the article says, WalMart and other stores have increased their dollar offerings and even grouped them together so they're easier to find.
Here's the full article: http://finance.yahoo.com/news/Stores-Scramble-to-nytimes-3585534903.html?x=0
What do you think of all this? It's great the dollar stores are seeing success, but is their success actually a bad thing - a sign the economy isn't getting any better? Or you could look at it as people spending extra in the long run, since the per-unit cost on the smaller packaging is greater.
And what are the items you're most likely to go after at the dollar stores? (If you want to give away your secret sources for good deals!)