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W W W. M A I N E B I Z . B I Z 17 JA N UA R Y 2 2 , 2 0 1 8 F O C U S C O M M E R C I A L D E V E L O P M E N T Dollar Tree Inc. (NASDAQ: DLTR) and Family Dollar, acquired by Dollar Tree in 2015. Dollar Tree, founded in 1986, still prices all of its products at a buck or below, while Dollar General, which started with a single Kentucky store in 1955, now sells just a quarter of its merchandise at that amount. Both are hugely successful and expanding their footprint in Maine, where a Dollar General opened on Damariscotta's Main Street shortly before Christmas, a Family Dollar opened on Caribou's Skyway Drive last June, and a Dollar Tree opened on High Street in Ellsworth last March. As more established retailers hurt by Amazon retrench or retreat, cin- der-block dollar stores are sprouting up in suburbs, cities and rural areas from coast to coast faster than you can say retail revolution. " e growth of this industry refl ects another signifi cant change in retail spending," says David Findlay, an eco- nomics professor at Colby College. e numbers bear that out: Dollar General and Dollar Tree (with Family Dollar and Dollar Tree Canada) have a combined 29,065 stores in North America. By comparison, Wal-Mart Stores Inc. (NYSE: WMT) has more than 4,600 outlets nationwide it says are within 10 miles of 90% of the U.S. population. Filling a niche But what about folks that aren't close to a Walmart or Hannaford or just need a few cheap sundries on the quick, whether they're struggling to pay the bills or just shopping in between regu- lar stock-ups? at's the niche that dollar stores are going for, with one-story, no-frills outlets peddling toiletries, house wares, stationery, socks, packaged foods and more in what amounts to a crammed pantry of stuff , or a "warehouse with aisles," as Husson's Walton puts it. C O N T I N U E D O N F O L L OW I N G PA G E » Turning Client Visions Into Reality Contact Nick Sabatine Contact Nick Sabatine at the idea-stage: at the idea-stage: nsabatine@ransomenv.com 207-772-2891 D E V E L O P M E N T D E V E L O P M E N T \ \ D U E D I L I G E N C E D U E D I L I G E N C E \ \ E N V I R O N M E N TA L H E A LT H & S A F E T Y E N V I R O N M E N TA L H E A LT H & S A F E T Y E N V I R O N M E N TA L H E A LT H & S A F E T Y \ \ M U N I C I P A L \ \ U T I L I T Y, E N E R G Y & M A N U F A C T U R I N G Site Planning Site Planning Wastewater Engineering Wastewater Engineering Storm Water Engineering Storm Water Engineering Permitting Permitting Water Supply Engineering Water Supply Engineering GIS Applications GIS Applications Turnkey Brownfield Services Turnkey Brownfield Services Turnkey Brownfield Services Remediation Remediation Funding Assistance Funding Assistance Consulting Engineers and Scientists www.RansomEnv.com YO R K B EAC H BATH H O U S E — YO R K , MAI N E Rendering by CWS Architects Building Maine's Future In project development, you have a lot to keep your eye on. Sometimes it's hard to see the opportunities and the risks clearly. That's where Drummond Woodsum attorneys Ron Ward, John Kaminski, Rick Shinay, Gary Vogel, Ted Kelleher and Lisa Magnacca can help. We use a team approach to bring the most complex development projects to closing in Maine. We provide cost-effective and experienced representation to owners, contractors, investors and lenders in connection with mixed use retail and of ce, hospitality, condominium or affordable housing and historic tax credit projects. We practice law differently. Since 1965. dwmlaw.com | 800.727.1941 We are pleased with We are pleased with We are pleased with We are pleased with We are pleased with We are pleased with We are pleased with We are pleased with We are pleased with We are pleased with We are pleased with We are pleased with We are pleased with the performance of our the performance of our the performance of our the performance of our the performance of our the performance of our the performance of our the performance of our the performance of our the performance of our the performance of our the performance of our the performance of our stores in the Northeast and will continue to open stores in the region over time. — Randy Guiler Dollar Tree

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