• Dollar chains thrive as COVID-19 downturn makes shoppers thrifty

    Dollar chains thrive as COVID-19 downturn makes shoppers thrifty

    America’s biggest dollar store chains reported better-than-expected quarterly profit on Thursday, as cash-strapped consumers sought lower-priced groceries and household items in a coronavirus-induced economic downturn. Sales at Dollar General and Dollar Tree remained robust even after the panic-buying surge at the start of lockdowns, with high US unemployment pushing demand for cheaper cereals, vegetables and …