With consumers still feeling pressed by inflation, Dollar Tree joined a growing chorus of retailers saying that recent spending on consumables outpaced discretionary purchases, and that trend is likely to continue for the near term.
Analysts with Telsey Advisory Group, led by Joseph Feldman, said in a Friday note that “Dollar Tree has a multi-year runway of growth” ahead. The factors driving that growth include new store openings, the $1.25 price point change and the rollout of Dollar Tree Plus, which offers a larger assortment of items priced between $3 and $5.
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