Indy Dollar Stores Compete Against Big Guys
By George Anderson
The large dollar store chains are growing quickly and independents in the channel are concerned about the impact that will have on their business, reports the Oregonian.
“If they’re close by, it’s tough,” said Srider Nadarajah, owner of Sharm’s 99 Cent Plus. “You have to watch your merchandising, do stuff differently. It’s hard to compete.”
Bob Hamilton, owner of the Dollar Shoppe in Beaverton, OR is less concerned. Mr. Hamilton claims sales of Christmas items are up significantly over last year and his store hasn’t
seen any drop-off with the entry of Dollar Tree into the local market.
“I’d put this store up against any Dollar Tree,” he said.
Moderator’s Comment: Will independent, non-franchise operators of dollar stores be overwhelmed by the spread of large chains such as Dollar Tree, Dollar
Patrick McKeever Jr., a dollar store industry analyst for SunTrust Robinson Humphrey, believes the channel may double its store count in the near future.
The Oregonian piece estimated 15,000 dollar stores were operating across the country. [George
Anderson – Moderator]