Dollar General customers are increasingly looking for 'items at or below the $1 price point' amid economic slowdown, CEO says
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2023-06-01 21:31
Dollar General customers are increasingly looking for 'items at or below the $1 price point' amid economic slowdown, CEO says
Dollar General shoppers are pulling back on discretionary purchases, hurting the retailer's earnings. Smaller tax refunds and inflation are some of the reasons why, its CEO said Thursday. Dollar stores have previously fared well during economic shifts. Even the US's largest chain of dollar stores is feeling the pinch as consumers pull back on spending. Dollar General's typical consumer "is under greater pressure than we have seen in quite some time," CEO Jeffrey Owen said on the company's first-quarter earnings call on Thursday.

https://news.yahoo.com/dollar-general-customers-increasingly-looking-031929811.html

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