Dollar stores, which have seen more customers shop at their establishments amid rising prices, are now beginning to feel the negative effects of inflation.
Dollar Tree and Dollar General, two of the leading stores in the United States, recently announced their second-quarter earnings. During the earnings call on Aug. 25, Dollar Tree CEO Mike Wytinski predicted the company’s gross margins would soon be negatively affected. Consumers are being burdened by inflation levels “not experienced in decades,” he pointed out.
