Today’s chart shows the power of a great business model…
We’ve talked about the “death of retail” many times in DailyWealth. Traditional brick-and-mortar retailers have struggled to keep up with e-commerce companies like Amazon (AMZN). Some have shuttered their doors forever… while others have stayed afloat by finding their niche. Today’s company, for example, offers the discounts consumers love…
Dollar Tree (DLTR) is a $33 billion discount retailer. It runs more than 15,600 stores across the U.S. and Canada under its two brands, Dollar Tree and Family Dollar. Shoppers can find everything from toys and apparel to household cleaners and brand-name foods – all for everyday low prices.
And that keeps them coming back… In 2021, Dollar Tree grew total sales 3.1% to $26.3 billion. Plus, the company is planning to expand its already massive footprint by opening 590 new stores this year.
As you can see, DLTR shares have soared 125% from their pandemic lows. They also recently hit a fresh all-time high. As long as consumers keep looking for everyday goods at cheap prices, this company should continue to buck the trend in retail…
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Source: Daily Wealth’s Market Notes