Dollar General shares crater 20% as retailer cuts outlook, blaming ‘financially constrained’ custome

[SunTrader]

Employee theft gives customer theft a run for the money with many chains.

Not much is said about that in the media.

Then there is corporate theft which only gets publicized (Enron etc etc) only once the chit hits the fan.

DG and others over-saturated the budget shopper market. IMO normal correction is all that is happening.

 

[vanzandt]

Dollar General is a "bargain basement" store. If people have stopped shopping there (for being low on money), just where do they shop? Or do they just "do without" because they can barely afford anything at all??

What might that say about our economy in general?

Did you see the National Association of Realtors Pending Home Sales Index for July? It was the lowest month EVER. And the 30 year fixed had come down too. Unless it was a fluke, that says a lot.

You can bet Powell is gonna take a good hard look at that. We might just be heading for a recession.

 

[Scataphagos]

Not sure if it would be in their best interest to lie about such things. Asset Protection/theft is a huge deal for all retail stores. I worked for Walmart for several years and the amount of money they lose every year to theft is more than the GDP of some small countries! Some of the stories I could tell about thieving,psycho customers would blow your mind.

I recently went to a Home Depot. All of their small power tools (grinders, saws, drills, etc) were in locked cages, and all samples were bolted down. Was a bit of a shock to see, but not surprised.

 

[schizo]

shares tumbled on Thursday after the discount retailer slashed its sales and profit guidance for the full year, suggesting its lower-income customers are struggling in this economy.

If Trump becomes the next POTUS, all these dollar stores could go out of business from high tariffs. Of course, Trump doesn't give a fck about the lower class, even though most of these Trump-tards are from the lower echelon.

 

[Clubber Lang]

If Trump becomes the next POTUS, all these dollar stores could go out of business from high tariffs. Of course, Trump doesn't give a fck about the lower class, even though most of these Trump-tards are from the lower echelon.

The dollar store stocks are cratering under 3.5 years of Bidenomics.
Try to keep up.

Also, TDS is real. Seek help.

 

[SunTrader]

That's right, don't they know ecomanomics. We need another tax cut for the Palm Beach Billionaires wink, wink so the Dollar stores can stay in bitniss.

 

[zdreg]

Raising the minimum wage has resulted in store closings Until very recently the US had 5x per capita compared to Europe Bidenomics destroys jobs and prevents much needede entry jobs being created

 

[EqtTrdr]

You’re underwater by 40 spooz.

check the V bottom trade in the other thread from yesterday close... I'm up HUUUUGEEE on ES and futures ROCKING ES up up up again tonight..


buy on close... sell on rally

do that every day and make huge risk free $$$$

easy way to sleep at night

 

[poopy]

check the V bottom trade in the other thread from yesterday close... I'm up HUUUUGEEE on ES and futures ROCKING ES up up up again tonight..


buy on close... sell on rally

do that every day and make huge risk free $$$$

easy way to sleep at night

Post the PNL. You're allergic to money and bought the top.

 

[ktm]

The dollar store stocks are cratering under 3.5 years of Bidenomics.
Try to keep up.

Also, TDS is real. Seek help.

It's amazing isn't it. Right in front of them is clear evidence that 3.5 years of inflation and horrible economic mismanagement has drastically hurt the poor so much that Dollar stores are now suffering, and instead of acknowledging that the Biden Harris team is driving the car into a ravine they demonize the guy coming to help.