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510 points bookofjoe | 4 comments | | HN request time: 0.001s | source
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regera ◴[] No.46185157[source]
Dollar stores are private equity with a checkout lane.

In 2025, Dollar Tree sold Family Dollar to a group of private-equity firms: Brigade Capital Management, Macellum Capital Management and Arkhouse Management Co.

https://corporate.dollartree.com/news-media/press-releases/d...

It’s a business model cosplaying as poverty relief while quietly siphoning money from the people least able to lose it. They already run on a thin-staff, high-volume model. That 23% increase is not a glitch. They know their customers can’t drive across town to complain. They know the regulators won’t scale fines to revenue.

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sema4hacker ◴[] No.46185228[source]
Has private equity ever done anything good for anyone outside of the investors?
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chongli ◴[] No.46185536[source]
Private equity are the crows of the economy. They pick off weak / dysfunctional businesses and open space for fresh competition (or for other markets to open up).
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VerifiedReports ◴[] No.46185660[source]
Tell that to former JoAnn Fabrics customers.
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pclmulqdq ◴[] No.46185720[source]
They should have paid more for the fabric, I guess. Private equity tends to loot things on the way down. Joann was on the way out regardless.
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collingreen ◴[] No.46186202[source]
Lol, the "it's actually good for customers" response is "they should have paid more"? I love it.
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pclmulqdq ◴[] No.46186533[source]
Nobody in this comment chain was saying it was good for the customers. The GP was saying that they clear out room for new businesses, and if brick-and-mortar-fabric-superstore were still a viable model someone would be doing it.
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1. andrew_lettuce ◴[] No.46186793[source]
How the hell does consolidation, monopolization, externalizing costs and extreme leverage "clear the room for new businesses"?

Even on HN playing the role of PE apologist is not going to fly ...

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2. ◴[] No.46187924[source]
3. massysett ◴[] No.46188026[source]
Consolidation frees up real estate, allowing new businesses to open. Where I live, old supermarkets are now farmers’ markets, trampoline parks, and health clubs, and an old car dealership is a church.
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4. VerifiedReports ◴[] No.46201181[source]
Fantasyland in the house!