Long Dollar Stores

This one might be kind of obvious, but in case you had any doubt, the dollar store business is a good one to be in. Dollar General, the chain owned by PE firm KKR, knocked the ball out of the park in Q4:

Discount retailer Dollar General Corp said on Tuesday fourth-quarter sales at stores open at least a year rose 9.4 per cent, and it plans to accelerate the opening of new locations.

The retailer also said total sales for its fiscal fourth quarter, ended Jan. 30, were $2.85 billion, up 11.2 per cent from a year earlier.

Awesome, more dollar stores! They can go next to the McDonalds and the new Wal-Marts.

Family Dollar (FDO), one of the publicly traded dollar stores, remains pretty close to its 52-week high. Close to its high is, of course, the new up 50%.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In