More consumers are seeking a bargain – or at least lower prices – according to foot traffic data from Placer.ai, which reported that dollar stores are "carrying the baton" for the retail sector heading into the third quarter.
While many retailers showed a slowdown in foot traffic during Q2, dollar and discount stores remained above pre-pandemic levels — significantly, in most cases, Placer.ai reported.
Visits were up 13.2% during Q2 compared to Q1 2022, up 8% compared to Q2 2021, and up 20.5% compared to Q2 2019.
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