Dollar Store Market Report
Year-End 2024
- Dollar General and Dollar Tree together represent 60.9% of the dollar store industry.
- Since mid-2024, the number of available properties has increased by 9.2%.
- The number of available discount stores with more than 10 years remaining on their term has decreased by 9.5% to 239, while the cap rate has increased by 10 bps to 6.73% during the same period.
- Dollar General has announced a plan to undertake a major project across over 4,800 of its stores.
- Dollar General is testing same-day delivery to customers’ homes in an effort to compete more effectively with Walmart.
- Earlier this year, Dollar Tree announced plans to close 1,000 stores after taking on a $1.7 billion loss.
- Dollar Tree has announced several key leadership changes, including a new president for its Family Dollar banner, a new chief of Dollar Tree and enterprise store operations, and a new chief people officer.
- Dollar Tree has announced that it is considering a potential sale or spin-off of its Family Dollar stores.