Popular discount store Dollar General has recently attracted more high-income customers as people look to save money in the face of looming inflation. The chain is known for its low prices and believes bargains will be even more important to shoppers next year. For Dollar General, this also means spending more on building inventories and adding staff to gain more market share, up to an increase of $100 million for him.
As Yahoo Finance Rising food prices have forced many people, including middle- and high-income earners, to change the way they shop in 2022, according to the report. In a call with analysts, Dollar General CEO Jeff Owen reportedly said: [are] More and more people are shopping with us. ”
Instead of buying in bulk as they used to, consumers are buying fewer products and relying on savings, credit cards, or debt. As a result, Dollar General is working to improve its supply of frozen and chilled products to keep up with demand. The company has invested in 12 facilities for this purpose and by 2023 he plans to expand the service to more than 5,000 stores.
of wall street journal Dollar General sales increased 5.7%, slightly below expectations. Earnings per share were also as low as $2.96 for him. Despite these challenges, the company plans to invest $100 million in making the store better for bargain hunters this year. We hope this will attract more customers and improve their shopping experience.
Even as Americans struggle with economic problems and cut costs, discount stores such as Dollar General and Dollar Tree expect sales to rise as more people look for ways to save on everyday items. I’m here.
