漏斗效应：一元店的发展势头应会持续

M IdeaHardline/Broadline/Food Retail | North AmericaThe Funnel: Dollar Store Momentum Should Continue Morgan Stanley & Co. LLCSimeon Gutman, CFAEquity Analyst Simeon.Gutman@morganstanley.com +1 212 761-3920 Pedro Gil, CFAEquity Analyst Pedro.Gil@morganstanley.com +1 212 761-2022 Zachary AbrahamResearch Associate Zach.Abraham@morganstanley.com +1 212 761-5977 Lauren NgResearch Associate Lauren.Ng@morganstanley.com +1 212 761-4893 Hardline/Broadline/Food RetailNorth AmericaIndustry ViewIn-LineThe big are getting bigger at an accelerating pace (AMZN/WMT/COST), but underneath the surface Dollar Stores are benefitting from a heightened degre