Will Inflation Hurt Dollar Stores?
It's no secret that the cost of everyday goods is way up. These days, consumers are paying more at the pump, supermarket, and just about everywhere.
In November, the Consumer Price Index recorded a 6.8% jump in the cost of goods compared to the previous year. And with supply chain issues still running rampant, there's a good chance high levels of inflation will persist well into the new year.
That's already having an impact on dollar stores. Though these stores have managed to thrive during the pandemic at a time when other retailers have experienced declines in revenue, the higher cost of procuring goods is making discount stores rethink their strategy.
Source Fool.com
