... The headlines focused on declining enrollment in food stamps just as pressure on food prices picks up.
But one quarter’s worth of disappointing results doesn’t mean business is going south.
In fact, in Dollar General’s second quarter report management reported that sales rose 5.8%, with same-store sales up 0.7%. Dollar Tree also reported an increase in same-store sales of 1.7% ...
The two major dollar stores—Dollar General (DG) and Dollar Tree (DLTR)—both traded down sharply, 11% and 7% respectively, after releasing second quarter reports
Dollar Tree, a giant dollar-store retailer, has been accused in court of plotting to “kill” a smaller rival whose stores it spun off two years earlier as part of a merger deal. Dollar Tree, which merged with Family Dollar in 2015 to create a 13,000-store behemoth, systematically crushed fledgling chain Dollar Express after helping create it by divesting 323 locations in a concession to the Federal Trade Commission to satisfy anti-trust concerns about the merger, according to a lawsuit filed this week in Delaware court ...
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