Top Dollar
The lure of the "less than a buck" stores
As lagging sales plague many retail sectors, the smart money's on dollar stores. Retail Forward (www.retailforward.com), a retail management firm in Columbus, Ohio, reports that dollar store sales were up nearly 7 percent in 2002.
Retail industry consultant Sue Goldstein in Dallas says smaller retailers can boost their bottom lines by adding the dollar store concept into their own stores. "Some may use [dollar items] as a loss leader to draw people into the store, but sample shops, discontinued lines and closeouts all offer opportunities to buy merchandise that can be sold at a deep discount," she suggests.
Continue reading this article -- and everything on Entrepreneur!
Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5!
