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Dollar General shares crater 20% as retailer cuts outlook, blaming 'financially constrained' customers (www.cnbc.com)

submitted 3 months ago by MicroWave to c/economics

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Dollar General shares tumbled on Thursday after the discount retailer slashed its sales and profit guidance for the full year, suggesting its lower-income customers are struggling in this economy.

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[–] ThePantser 9 points 3 months ago (1 children)

So we have dollar stores on every corner putting other businesses out of business and paying their employees shit wages. Then the dollar stores are surprised when nobody wants to buy their cheap garbage that is overpriced? Shocker! I never shop at those dollar stores that are just AliExpress retail locations. If I want something cheap and from China I will just shop at AliExpress and wait a month and get the same quality for half the cost.

[–] [email protected] 3 points 3 months ago

I'm okay with dollar tree but have no idea how dollar general stays in business selling 13 dollar cutting boards that are a buck twenty-five at the Tree.