In December, Reuters reported that Temu was successfully challenging U.S. dollar stores like Dollar Tree and Dollar General Corp., accounting for nearly 17% of the market share in the United States. According to data analytics firm Earnest Analytics, this compares to 8% for Five Below, 43% for Dollar General and 28% for Dollar Tree.
So... the discount store market? OK.
The unscoped headline makes it sound like it's 17% of US GDP, or some such. And the article doesn't actually clarify that, except by noting those specific competitors. It talks about the effect on Amazon, but that's not included at all in the list above.
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[ 3.8 ms ] story [ 28.6 ms ] threadTFA says:
In December, Reuters reported that Temu was successfully challenging U.S. dollar stores like Dollar Tree and Dollar General Corp., accounting for nearly 17% of the market share in the United States. According to data analytics firm Earnest Analytics, this compares to 8% for Five Below, 43% for Dollar General and 28% for Dollar Tree.
So... the discount store market? OK.
The unscoped headline makes it sound like it's 17% of US GDP, or some such. And the article doesn't actually clarify that, except by noting those specific competitors. It talks about the effect on Amazon, but that's not included at all in the list above.