Dollar stores crash 50%. "Low-income people have run out of money".
HTML-код
- Опубликовано: 20 сен 2024
- Dollar General's stock price is down by 40% YTD, with their CEO reported a massive warning about low-income consumers who make less than $35,000.
Access Housing Data on Reventure App: www.reventure.app
These Dollar Stores are proving that certain parts of the US economy are in Recession. Especially among low-income consumers in the bottom 1/3 of the income percentile. They cannot afford basic necessities anymore and are cutting back.
---
Access Exclusive Data and Videos as a Channel Member: / @reventureconsulting
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's RUclips channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, RUclips, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.
Image(s) and/or Footage used under license from Shutterstock.com. www.shuttersto...
Additional stock footage provided by Envato Elements. elements.envat...
Not a great sign when America's two biggest retailers by store count - Dollar General and Dollar Tree - are reporting such negative warning signs.
Stocks of both companies down 40% or so YTD. Meanwhile - revenue growth is flat and now negative adjusted for inflation.
Add them to the long list of publicly traded companies issuing severe warnings on the economy, including: McDonald's, Starbucks, Home Depot, and Olive Garden.
Still no crash. Just clickbait, and false info.
How about Big Lots, it used to be fun, not just cheap, now kaput.
@@Way2EasyDIY There is some Ray Dalio in here...eventually they will be right. you do gotta be aware, but fear sells...
It’s cheaper and there is a wider selection of groceries at a regular grocery store or even Walmart.
Low income families are probably not invested in the stock market so of course they are struggling. Liberal politics say they help low income however their policies hurt them the most.
There's nothing to buy for a dollar at the dollar store!
Only greeting cards for $1 at Dollar Tree which is better than grocery stores and drug stores where a similar card is around $5.
I'll buy that for a dollar!
Sure there is I got 100 cents the other week!!
I find plenty of items for a $1 at the DG near me, it's a very high volume store. I buy 90% percent of my groceries there. They sell produce now as well, very convenient for me since I don't eat meat or dairy. I can't stand going into Walmart and now they charge $15 to deliver groceries plus the tip for the driver. I hope my DG close by stays open.
Kappa books publishing: King James version of the bible $1.25 'dollar tree' (NO copyright, no commentaries , no bullshit)
Dollar stores are definitely not cheaper than Walmart. Dollar generals just happen to be closer to many people’s houses
That’s the business model
And walmart is such a pain to shop at. 40 registers and zero help. I would rather pay 10 cents more to be able to dip in and out quickly.
Yeah it was never cheaper, that's not the appeal. It's being in areas that can't support a Walmart and selling smaller sizes of name brand products.
they used t be i remember 7 years ago i went there because cleaning products were 2/3 cheaper. also bday party stuff, rip its, white shirts, candles and candy lol
Dollar stores are very often cheaper. The problem is their products are a worse *value*
Those who make less than $35,000 won't be bothered with home prices. For them it will be survival. Good episode thanks.
But they do effect landlord's ability to find good tenants
@@vivalosbitcoins8266
Well as a landlord myself I'm pretty sure we're all going to have to lower our prices on our properties. I've always charged all my tenants way below what I'm supposed to charge them and luckily for me i haven't had any issues with any of my tenants paying their rent.
@@vivalosbitcoins8266there are too many bad landlords that affect this ability as well, unfortunately
@@vivalosbitcoins8266Right. People are going to be surprised at how many things are connected in the economy.
Dollar stores are not necessarily "cheap". A lot of them are in rural / small town areas and people use them for convenience instead of making a trip to a Walmart in the nearest city. You have to watch them - especially if they have something on an endcap and there is no price tag. They will straight up gouge you!
My first job was a cashier at Family Dollar and even back then people complained about the prices 😂
Exactly. It’s never been cheaper, just more convenient than going to Walmart sometimes lol
If you buy 25 items, they will overcharge you on 5. Check your receipt when shopping at Dollar stores!
The worker has been screwed either through purchasing an overpriced property or paying exorbitant rent. And everything else has increased in price to pay for these two things.
Nick hit the nail on the head, "It's the price point and not the interest rate."
why is everybody commenting about how Dollar stores are not 'a dollar' per item.. that's old news. Why isn't everyone concerned that this is a the 2nd Depression... we are truly 'effed sheeple...
Go back to FL and do.more videos on that 🗑
We do know
Anybody else find it hard to take the opinions of people who use the word "sheeple" seriously?
@@kimberiysmarketstrategy you don't know anything.. go away
@@jasonjason5325 Hope KH admin fixes everything!
Small business owner here - had 4 employees this time last year. Have zero now. Doing everything myself with help from the wife. Distribution company that did over 7M in revenue last year.
Not surprising. Dollar General (and Family Dollar) is more expensive than Walmart and Target!
"are"
@@martingrey2231 The Reventurers are merciless. He probably added Family Dollar after.
@@martingrey2231no, "is" since Family Dollar is in parentheses.
It’s like a convenience store chain without gas and extra Chinese garbage. I’m a bargain shopper and never shop there. I miss the 99 cent store tho 😢
The local grocery store in my town is cheaper than the dollar general next to it.
There is a way to get housing down 50%. End the FHA Mortgage programs. Wheb everyone will need 20% down payments like they used to, home owners will either take the write down or be stuck with it forever.
10 houses a year would sell
@@friendly-stranger6223 Yup! Then you tax the hell outta the rich till you force the losses on them. Easy as pie!
@@friendly-stranger6223At first. But markets have to market so they are going to do whatever is necessary to unclog the pipeline, and that happens via price. adjustments.
Have you ever looked at items in the Dollar Store from a unit pricing point of view? The unit pricing is higher, sometimes a lot higher, than in say Walmart. Dollar General just sells smaller package sizes. Poor people are best served by purchasing at Walmart, and they know it. Also, as shipping costs and energy costs have risen, Dollar General has had to raise prices even further. Their business model of "trick the consumer into paying more per twinkie because it is in a smaller package" just doesn't work.
The overwhelming majority of Dollar General employees can't afford to shop there.
I shop a local Dollar Tree for certain items like birthday cards, stuff for kids like coloring books and small toys, tissues, plastic food storage, wrapping paper, and not much else. The food items are all processed corporate garbage. My local Dollar General is super ghetto. I went in once, looked like it was ransacked. Haven’t been back.
💯
Same
Many items at Walmart are less expensive than what Dollar General is charging!
I blame their downfall on bad and greedy upper management.
For Example, NO CEO is worth more than $1,000 per day in total compensation!
What about pretty girls
I couldn't care less what a CEO makes.. sure its a lot of money but the scale of these companies is so immense.. the CEO of Ford makes like 18M a year but that comes out to like 8 dollars per unit. So why should I care? A truck costing $50,000 or $49,992 if the CEO would only just work for free isn't something I am going to lose sleep over.
What's the point of becoming CEO if you can't set your own salary?
I went into a dollar general and was suprised to see the prices were much higher than I expected to see. And they sell a lot of poor quality garbage.
Same. That was 10 years ago when they started popping up in Cali. Never went back.
yep chinese garbage which is why i avoid walmart too. I buy locally from farmers and when i need other stuff i go online and shop for local stores that sell stuff made in my country.
Just when houses were dropping a bit, the Fed made sure to get them back up
lower mortgages means more people will be willing to sell
@@grimaffiliations3671 and more people to buy
Won't work.
During the FED cuts from 07-12 the RE market did nothing but go down.
In Florida insurance and taxes will keep buyers away. Even 5 basis points is meaningless to buyers.
There seems to be a belief that any house anywhere is worth min. $300K. There was a home for sale last year in Lincoln, Texas. Under 1000 sf, no central heat or air. Built around 1920. On Main St of a town that hasn't existed for over 40 years. $299,000.
Round up. This is insane.
No way that pos will sell for that price.
I was just at the one here. Two whole people on the floor including the register on a busy Saturday morning.
We as a nation are screwed
I purchased $70 worth of stuff from a Dollar General, a while back, for $20. It was closing and was still almost fully stocked.
health insurance premiums for singles is a
rip off!!
overcharging us
That’s technically just another tax.
Thank you, Nick! Excellent presentation. My wife and I used to go to dollar general to pick up certain items. We'd always check the prices of other items we get elsewhere, and noticed not only were the price higher...they were much higher. Items we'd get there would sudden be "out of stock" on the shelf....and never return. This, I suppose, is designed to get the customer to go ahead I buy the higher priced item that's sitting in front of them.
Periodical cicadas are the sound of the South. They live underground as nymphs and then the emerge to mate. That's the males mating call. There are different types of cicadas and they come out after a certain number of years. 13 or 17 years.
*why does nick always walk down the middle of the street when there's clearly sidewalks... lol*
Cuz hes cool like that
I’m grateful my husband and I both found jobs in this crazy market. My husband’s furloughed due to the strike and already found new employment. It took me 2500 applications and 4 1/2 months to find new work. I’m happily employed.
as anyone knows dollar TREE is very affordable. dollar GENERAL is just a scaled down walmart with higher prices... wake up and smell the coffee man. get it right
Aren't they the same company?
@@addisonwilson Nope
@@addisonwilsonDollar Tree owns Family Dollar not Dollar General.
Dollar Tree sells garbage tho. And some cheap soda and small bottles of cleaner.
Dollar tree is also $ 1.25 store has been for over a year now and they are also selling things for five to ten dollars. Now were Dollar general has very few items for a dollar and there dollar items are pure junk. As they are all items made in china and the lowest quality. At least at the dollar tree they have many items that are not made in china. I mainly get my shampoo and soaps and snacks. Heck I can still get a one pound box of C&H PURE cane sugar for a buck twenty five. Were markets sell the Exact same item for up to three dollars or more.
The sound of cicadas is seasonal where I live, it's a comforting sound for me.
Dollar Tree way cheaper than Walmart in some major areas. Laundry detergent. Body wash. Shampoo. Conditioner. All in large oversized bottles. $1.25. Some folks don't know how to shop.
Yea…I’ll stick to Costco for the stuff that doesn’t irritate my skin.
No name brands? Pass.
Can’t use their body wash, it causes more issues for me and the brand I can use they don’t sell. Some things sure but not everything people can purchase there. For example my mom HAS to use free and clear laundry detergent, dollar tree doesn’t sell any of that
@@ADR-xn6dgCostco Free and Clear laundry detergent works great for me at 30% lower price.
Nick is our nations messenger.
The DG in my town, Columbus Wisconsin is losing customers because they are understaffed and want the customers to use self checkout. I'm not a DG employee.
Good paying manufacturing jobs were sent overseas two decades ago. What do you mean by "economy"? Flipping more overpriced homes?
Yep, set up by Carter admin with Brzezinski carving out the path with China and then Reagan admin set transfer of manufacturing into motion. Reagan also signed the big amnesty working with Ted Kennedy promising once signed then laws already on the books would finally be enforced. Political RINOs and DINOs have brought about our trajectory.
More expensive than Walmart
Rural areas depend on these stores because the big stores are far away. Many people live in rural areas due to the affordability overall. They can spend gas money to shop, usually once a month and then would utilize the dollar stores to supplement their monthly shopping. And sadly, some don't have reliable transportation and will walk to a local dollar store to buy groceries. I did homecare nursing and losing these stores will be a disaster for some of Americas elderly and/or poor. Pray and be helpful if possible.
When you factor in mortgage insurance, or the lack thereof, and property tax, FL is becoming waay less attractive.
I need a dollar dollar, dollar is what I need.
You haven't been at my Costco lately. The store is packed.
Yeah...filled with Hindus
Same for Sam's Club
You are absolutely right. I will not shop at DG.. way too expensive and cheap quality. TRUTH
Dollar General stores in my area are kind of grubby and unsafe feeling.
Its like that in every area. I dont shop there because of their customers
Dollar stores need to turn into value stores. Not penny stores. The concept doesn’t work anymroe
I bought DG stock 6 months ago. Down about 32%
😂😂
I bought LULULEMON
Dollar General and Family Dollar were never a dollar, and they were never cheaper. They sell smaller products for a lower cost, in rural areas where no other retailers are typically found. It was always about convenience.
Here in Canada 🇨🇦, dollar stores are still less expensive than Walmart.
Dollar stores over extended. Every pharmacy near me that closed got replaced with a dollar store. It’s crazy. Dollar General has 3 stores within 2 miles of each other on the same street in my town
I dont think Dollar General was ever cheaper. Most items are specially made to be smaller/ fewer. So the price seemed cheaper, but price per unit was always higher than traditional stores, it was just hidden.
I refuse to pay 3 dollars for a soda
There is a dollar general about three miles from my house. A couple years later, a Family Dollar was built next door. A couple years later another Dollar General was built 5 miles away. Now, there are three Dollar Generals within 5 miles.
Those dollar stores are a rip off anyway.
Lmao at the cicadas “bugging” you; they’re fantastic as relaxing white noise (born and raised in the South)
Keep voting Blue people... keep voting blue.. Ppl need to wake up. Under Trump we had money in our pockets.
A recession is far better for people than inflation. Only 5% of workers lose their jobs in a recession, and there are lots of programs to help them. Inflation hits 95% of people with ZERO programs to help them. Bring on the recession!!
Very normal Florida summer annual cicada sound. Nostalgic 😌
We call em crickets down here
Dollar tree until recently, was the true dollar store with everything a dollar or less.
Live in a poorer part of Mesa, AZ and have seen a huge amount of Family Dollars shutting down recently
Everyone is cautious during the dollar crisis
With the drastic price declines on that house, it's shows the desperation in this market.
Dollar stores really thrive in small towns.
Make dollar stores great again!!
This is the quality content I expect of this channel
Time to bring back small mom and pop stores in neighborhoods
There are too MANY retail outlets for the available $$ spent. However, a CEO and media will always blame someone else for their unrealistic expansion plans. Even Walmart has seen this issue.
I’m opening a $20.00 Store, and call it BIDENOMICS
Dollar store prices are not that cheap.
Fork Dollar General. Nothing's a dollar at that store. Everything is way more than a dollar. The same thing with the other so-called dollar stores. Nothing's a dollar anymore.
DG was cited for not disclosing prices accurately, which could be why people think twice about shopping there.
Too many stores, not enough customers.
They should change the name of the Dollar store to Definitely More Than a Dollar store.
In Vegas, Walmart is cheaper than Dollar Store. We went to one a couple weeks ago and nothing was a dollar.
Greed in this country is sinful
Please explain your context and how it relates to the dollar store collapse ? Thanks in advance
Florida also has a huge home-owners insurance crisis because of hurricanes.
lol at your dislike of cicadas. In TX it’s just the sound of summer. I grew up in AZ and we had cicadas too, though a different kind, they still made those sounds. You can’t hear them much when you’re inside.
living on less than 20k. for years. I own my house. and no bills but electrical/water/cell phone/internet/food. I never when to a dollar store, but they are dirty, worthless crap stores. I been going to WALMART super centers for over 20 years.
They’ve been ripping people off for so long now people no longer want to shop at these horrible places
People who sold 2 years back at a high price paid huge closing costs and bought a house at the peak or paid huge taxes! All a huge waste! If you bought your house before the pandemic, don't sell!!
All of these dollar stores sign a 20 year lease and then the building is sold off to investors as a NNN investment. As you probably know, the value of the NNN is the rents, not the land and building. So what happens to all of these mom and pop investors if these dollar stores go under…
We almost bought in with a group of seniors. Glad we passed.
Thanks to Dollar General (which is actually a convenience store chain) and Dollar Tree (an actual dollar store chain) both de-contenting their merchandise over the last several years, it is actually cheaper to shop at regular stores. So, their decline isn't so much that consumers are out of money, but that these stores have lost their relevance as a place to shop for lower prices. This is precisely why Family Dollar (another fake dollar store chain that is actually a convenience store chain) and Big Lots are busy closing down so many of their locations.
Dollar stores doing poorly.. what about luxury stores?
They are tanking also, retail is soft across the board
One of my companies is in higher end retail. It’s rough as well.
Burberry stock is down off its recent highs about 75%, enough said 😆
@@tradermunky1998 how about Gucci?
@@annabelled964 Down 42% year to date and down approximately 70% from it's high in 2022.
Tell me about it. I am posting things on eBay, offer up, Facebook and not getting any bites when my items would sell in Minutes if not hours. People are holding on tight to their money 😢
Walmart is cheaper than the dollar stores!
It depends on what you are buying some products are similar price but you have to factor in mileage costs - I live in a rural area and it’s 15 miles either way to Walmart (East-West), so we are talking 30 miles round trip plus hassle of heavy traffic at least 20-30mins each way. If you shop on Saturday and use $5 off $25 purchase coupon, there not much difference in prices.
Wages of sin and debt is death
That would look nice on a Tombstone, I'll considerate for mine.
No this is not good and people are forgetting that wealthier people are now shopping at the cheaper stores.
Yes those were cicadas you heard. They are nature's way of letting you know how hot it will be. The louder they get the worse it will be
Nick - can we move on from just talking about Florida and Austin, TX?
Maybe they are closing because there were over 60,000 dollar stores. This is what happens you pump cheap money into the system!
Investors ruined the American dream of owning a home. Let's hope the gov blocks them.
Filthy stores filled with junked up aisles...It's like shopping in hell.
Dollar stores have worse prices than Walmart.
Ive never understood why people go there
The economy is crazy. I am so house poor now going to the dollar store is a luxury I cannot afford as a middle class citizen.
Dollar Generals are never cheap by any definition. I wonder why poor people shop there in the first place.
Most dollar stores are dirty, under-staffed, and freight in the isles so you can't shop without fear of injuring yourself. Parking lots are trashy, and in need of maintenance. I don't think people have run out of money to shop at DG but would rather shop where optics are better.
Many of the stores have no prices on the products however the shelf price that is listed is NOT what you pay at the register. Often times it is 20 cents more or 2 dollars more. Often when spending what you think will be a $50 dollar order it comes to $ 75 !. Dollar General has always taken advantage of employees and customers.
Breaking news....."Poor people don't have money"
At least the government is taking care of illegal aliens with monthly income, housing, food, cell phones, etc. US citizens are on their own. I want to be an illegal alien too. How do I apply for that?
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
My CFA Melissa Terri Swayne a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Just ran an online search on her name and came across her website; pretty well educated. thank you for sharing.
Why wouldn’t a discount retailer do better in recession?
cus we're not in a recession? ridiculous notion
Stats are reporting Walmart is gaining more middle class and upper middle-class customers, whereas Dollar General isn't very desirable for those looking to save money.
Dollar store people don't live there anymore. Too expensive.
People can't afford simply covering rent and utilities. Food is a luxury purchase. If I see someone stealing food I don't say a word.
I love cicadas. I find their sound calming.
A lot of stocks are down, probably we are already on a major economic down turn but the media is silent about this
Dollar general is actually a slightly bit more expensive than Walmart but they are way more convenient. They are cheaper to open up and they are easy to put in “food desert” areas.