Post #926 by PucksFool on the Macroeconomic Trends and Risks board

Personal Finance Topics / Macroeconomic Trends and Risks

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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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"Higher-income customers have been a meaningful growth driver for us,"

This is the proof of the beginning of the collapse of the Spankee economy. If people doing the buying had more (or even the same) "REAL" income, then no need to "trade down". Shoppers typically begin to "trade down" when their "REAL" incomes go DOWN.

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