Insight Report 12 minutes PremiumUS Dollar Stores Face a Slowdown—Is Temu To Blame? Sujeet Naik, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research October 24, 2024 What's InsideWhile, historically, dollar stores have been known to thrive during tough economic times, leading US dollar-store chains are currently experiencing sluggish growth. Is Temu a principal reason for the weakness seen at Dollar General and Dollar Tree? We analyze proprietary Coresight Research survey data to assess whether Temu has played a role in the recent underperformance of dollar stores, as well as what Temu means for the US retail space at large. Data in this research report include: Average age and household income of nonfood shoppers at various retailers, including Dollar General, Dollar Tree and Temu, 2024 Proportion of dollar stores shoppers buying nonfood products on Temu and share of total US consumers shopping on Temu, October 2023–September 2024 Proportion of shoppers who switched part of their nonfood spending from another retailer to Temu, October 2024 Companies mentioned in this report include: Amazon, Dollar General, Dollar Tree, Target, Temu, Walmart Other relevant research: Market Outlook: Off-Price Is On Top as Growth Continues Temu Growth and Challenges in the US Market: A Six-Month Follow-Up Weinswig’s Weekly: Temu vs. Shein Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Earnings Insights 3Q24, Week 5: BJ’s Wholesale, Target, Walmart and Others Report Positive Sales Growth During Holiday 2024Online Shopping in Focus—Amazon Is the Clear Winner; Walmart Is a Distant Second: US Consumer Survey InsightsAnalyst Corner—Is GenAI Changing the World? Part Two: Solving Four Major Hurdles Takes Progressive Improvement, with Charlie PoonConsumers’ Appetite for In-Store Shopping Remains Resilient: China Consumer Survey Insights
