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Thesymptoms of the illnessplaguing Americas once-thriving dollar stores were unmistakable.
Stores are drab, chronically understaffed and cluttered with inferior products.
GOBankingRates asked the experts.
It was a before-and-after moment for dollar stores, which now seem stuck in the before.
And, the dollar store experience is not one where the staff providesrecommendations and expertise.
So, it could be losing its space in the retail ecosystem.
Instead, I believe that the closing of nearly 1,000 Family Dollar stores is the long-coming result of underinvestment.
Conversely, Dollar General is planning expansion.
This is reminiscent of Circuit Citys demise and Best Buys success in the early 1990s.
Circuit City fell prey to its own mismanagement, while Best Buy stayed on top of the changing trends.
Quynh Mai, CEO and founder of the digital creative agencyQulture, agrees.
Despite the economic pressures, dollar stores maintain cultural and community significance, she said.
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