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Dollar General warns poorer US consumers are running out of money (archive.is)

submitted 2 months ago by [email protected] to c/[email protected]

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Lower-income American households are running out of money at the end of every month, the discount retailer Dollar General said as it released dismal results that drove its shares down more than 30 per cent for their sharpest one-day drop on record.

When the American economy is too rough for Dollar General...

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[–] [email protected] 16 points 2 months ago

When I first moved into this neighborhood we had a Bottom Dollar, then Aldi bought them out and closed almost all of them getting rid of the closest grocery store that served a fair amount of the community. There was one like another 5 minutes away or another one 10 minutes away on arterial streets. Then the one that was 5 minutes away closed after it was sold and the only reason it's a grocery store today is because the previous owners insisted the buyer had to make it a grocery store, otherwise you'd just have a food desert for a lot of the immediate vicinity that had the poorest families in the city.

Dollar General moved into where that original Bottom Dollar grocery store was and was the only convenient place to get food for a few years if you didn't have a car. There's another Dollar General 10 minutes up the road where a Dollar Tree used to be. There's yet another probably another 7 minutes away from that second one, after that I couldn't tell you since they're fucking everywhere and there's probably 3 I'm not even aware of because I just don't turn right at a certain intersection.