Why Dollar Tree Should Prosper in Spite of Itself
During the pandemic, one might think Dollar Tree (NASDAQ: DLTR) stock would have performed quite well. Its grocery business kept it "essential," and low price points make it affordable to shoppers from any income level.
However, challenges with its online business and the ongoing struggle to absorb the Family Dollar acquisition have weighed on the stock in recent months. Still, despite these challenges, the millions of recently unemployed Americans offer investors plenty of reasons to give Dollar Tree a second look.
Dollar Tree is a different kind of retail stock. Like its most direct competitors, Dollar General and Big Lots, Dollar Tree operates in what many describe as the discount sector of the discount sector. In other words, its offerings can make so-called "discount" retailers like Walmart appear expensive by comparison.
Source Fool.com
