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Author: PucksFool ⎊🐝  😊 😞
Number: of 1020 
Subject: Upscale price consciousness
Date: 06/05/2025 4:16 PM
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https://finance.yahoo.com/news/dollar-stores-are-s...
Dollar store chains have seen an influx of higher-income shoppers in recent months as economic uncertainty surges and households look to save.

"Higher-income customers have been a meaningful growth driver for us," Dollar Tree (DLTR) CEO Michael Creedon told investors, specifically noting the chain saw an increase in customers with household incomes of more than $100,000. The company reported that same-store sales rose 5.4% in the first quarter, with improvement across all income levels.

Earlier this week, Dollar General (DG) told investors it "saw the highest percent of trade-in customers" in the last four years during the first quarter. Its CEO, Todd Vasos, said the company saw increased trade-in activity, or consumers who would typically shop at higher-cost competitors, from middle- and high-income consumers, who came to Dollar General instead. Its same-store sales grew 3.4% in the quarter.
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