Dollar General is luring more shoppers with its cheap groceries — but it might be backfiring
for discount-focused retailers. Earlier this week, fellow dollar store chain Dollar Tree announced it was pausing stocking eggs due to high prices.
Grocery is a low-margin business, but the idea is that having a grocery assortment drives more customers to stores and leads to repeat visits. When these customers come to the store, the hope is that they'll be tempted to buy more. Discount shoppers, who come into the store and have a limited amount to spend, might end up using their allotted amount to buy groceries rather than shopping for other items, such as homeware, which generates higher margins for Dollar General.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Man fires shot during ‘brazen’ robbery of Dollar General in AkronNo one was injured in the robbery at a Dollar General in the East Akron neighborhood.
Weiterlesen »
Dollar General boosts dividend and meets sales expectations, but its stock fallsDollar General Corp. shares were moving about 3% lower in premarket action Thursday though the discount retailer met total sales expectations for its latest...
Weiterlesen »
Dollar General to Boost Spending on Staffing LevelsDollar General plans to pour an additional $100 million into its stores, primarily in staffing levels, as it looks to attract more bargain-hunting shoppers
Weiterlesen »
STOCK MARKET NEWS: Credit Suisse borrows $54B, First Republic shares sink, Dollar General’s outlookCredit Suisse gets $54 billion loan as banking contagion fears hit market, First Republic mulling options, Dollar General’s forecast, housing starts and jobless claims. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Weiterlesen »
How Dollar General keeps its prices below $10Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Weiterlesen »
Dollar General invests $100M in staffing, store enhancementDiscount retailer Dollar General is investing further into its staffing. However, its focus will be on 'investing in hours' according to CEO Jeff Owen,
Weiterlesen »