"Dollar store" serves as a catch-all term, but multiple, distinct formats have emerged. While they may stress low price and convenience, their products, price points and purpose differ. Those differences may warrant varying competitive responses. Willard Bishop Consulting, Barrington, Ill., has divided the dollar store into three formats: single price (99 Cents Only, Dollar Tree); overruns or closeouts (Big Lots); and extreme value (Dollar General, Family Dollar Stores). The last one, with ...

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