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Core customers — those earning less than $40,000 per year — are cutting back even on items once considered necessities.
The retailer can only raise prices so much — households that earn less than $35,000 a year account for 60% of its sales.
Strong earnings from Nordstrom, Macy’s and Dollar General suggest pent-up demand and a reframing of what people consider essential spending.
Dollar General, with more than 17,000 stores, is moving into health care. Many rural communities have lost hospitals in recent years.
According to the company, 75% of Americans have a Dollar General within 5 miles of their home.
The low-cost retailers will pay a fine and pay more attention to sell-by dates.
The move is aimed at rural online shoppers.
Growth is in drug and dollar store outlets, while grocery sales are sluggish.
Major brands are targeting low-priced products at dollar-store consumers.
Dollar General ups its bid for Family Dollar, but that doesn’t mean shareholders will say yes.
