Dollar General’s recent earnings report exceeded expectations, signaling a growing consumer shift toward discount retailers due to economic uncertainty. The company raised its full-year sales outlook, projecting growth between 3.7% and 4.7% through January 2026. Shares surged 13% following the announcement, reflecting renewed investor confidence as the chain emphasized value in an inflation-wary market.
In response to persistent fears of recession and the impact of tariffs on everyday goods, more shoppers are turning to low-cost retail options. Dollar General’s leadership echoed this in a recent statement, citing increased demand for essential goods and consumables. To meet this rising demand, the company announced aggressive expansion plans: 500–600 new stores and 4,000 remodels are slated for 2025, reinforcing its long-term confidence in value-driven consumer behavior.
This national trend is mirrored in Tucson’s retail market, where thrift and discount retailers continue to absorb large spaces—often repurposing big-box stores. In Q1 2025, Just Between Friends leased 33,630 SF on Oracle Road, while Savers took 33,355 SF on Broadway Blvd. Earlier, in Q1 2024, Dollar Tree backfilled a 13,650 SF former Walgreens in the Foothills submarket. And by Q2 2024, another former Walgreens space, 26,593 SF at Desert Square Shopping Center, was also converted into a Dollar Tree.
These local leases reinforce a broader retail trend: discount and thrift-oriented retailers are increasingly becoming the go-to occupants for second-generation retail space.
If you’re interested in investment opportunities with strong-performing discount retailers, C&W | PICOR currently has several Dollar General locations for sale across Arizona, each secured with long-term leases backed by Dollar General. For more information, please contact Dave Hammack at dhammack@picor.com.
SOURCES:
Dollar General Stock Takes Off after Earnings. Here’s What We Know. The Wall Street Journal, 14 Mar. 2024, www.msn.com/en-us/money/topstocks/dollar-general-stock-takes-off-after-earnings-here-s-what-we-know/ar-AA1G00rp Accessed 3 June 2025.
Dollar General Gets More Optimistic. LinkedIn News, 14 Mar. 2024, www.linkedin.com/news/story/dollar-general-gets-more-optimistic-7376610 Accessed 3 June 2025.
Market Reports. Cushman & Wakefield | PICOR, www.picor.com/market-reports/ Accessed 3 June 2025.
