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…
New research reveals what Elon Musk could be planning in Washington D.C. and how it may impact your money. In short, Elon has much bigger plans than simply "draining the swamp." His next big project could bring about nothing short of a revolution in our economy... It could change the way you file and pay your taxes... collect Social Security... and how you travel. To do it, Elon will likely use the same strategy he’s applied in every other business. See the playbook, here.
Source: Daily Wealth’s Market Notes