food retailers by share of household spending - though Dollar Tree stopped selling eggs.Įxecutives at packaged food companies like Conagra Brands Inc, (CAG.N) say the stores are increasingly attractive because they are installing more freezers and refrigerators for items like budget TV dinners, breakfast sandwiches and yogurt. Now, makers of pantry staples are treating dollar chains with the same rigor as Walmart due to their size and scale, Johnson said.Ī study by Tufts University found the low-cost stores, which number well over 35,000 in the U.S., are the fastest-growing U.S. "It used to be, you would get odds and ends" liquidated from other retailers' unsold inventories, said Ed Johnson, a principal with Deloitte Consulting LLP focused on retail and consumer products. They are adding fresh produce and attracting shoppers squeezed by inflation, giving manufacturers with slumping sales a chance to grow. Makers of food and household staples are pushing deeper into dollar stores because the low-cost retailers are opening thousands of locations each year. J M Smucker Co (SJM.N) is looking into bringing seasonal flavors of its packaged Dunkin' coffee to the stores, while Hershey Co (HSY.N) is in talks to launch its Dot's Pretzels to the retailers, executives said in recent interviews. dollar stores like Dollar Tree Inc (DLTR.O) and Dollar General Corp (DG.N) in the last year.
Razor manufacturer Edgewell Personal Care Co (EPC.N) and Kraft Heinz Co (KHC.O) have overhauled or built new teams dedicated to working with the biggest U.S.
NEW YORK, May 17 (Reuters) - Makers of brand-name household basics like Dunkin' coffee and Schick razors are bulking up sales teams and adding specialized and lower-cost products to the shelves of America's ubiquitous dollar stores in a bid to reach more budget-conscious shoppers.
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