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29.08.26 - 01:42
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This US city only has one supermarket for 45,000 people. New legislation seeks to fix that (The Guardian)
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Big grocery can use anti-competitive clauses to block other stores from entering a market. Rhode Island is the second state to ban that practiceJeannine Johansen remembers the halcyon days of Woonsocket, Rhode Island, when so many of its steep streets were punctuated by grocery stores: Almacs, A&P, Piggly Wiggly and Star Market. In the blizzard of 1978, “everybody went to Fernandes [Produce] because Stop & Shop was too far, and all the roads were closed, so we had to walk”, said the native Woonsocketer.These days, Woonsocket is down to one full-service supermarket: a solitary Price Rite serving 45,000 residents, 37% of them food insecure, perched at the top of a hill in a strip mall at the edge of the city. A nearby Dollar General offers frozen meat and packaged foods. Locals with cars (18% of Woonsocket residents have no vehicle) might travel farther afield, beyond Woonsocket's borders, to Shaw's or Aldi in search of deals. Continue reading......
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28.08.26 - 12:51
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Dollar General Corporation Announces EVP and General Counsel Rhonda Taylor′s Intent to Retire (Business Wire)
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GOODLETTSVILLE, Tenn.--(BUSINESS WIRE)--Dollar General Corporation (NYSE: DG) today announced that Rhonda Taylor, the Company's Executive Vice President and General Counsel, will retire from the Company. To support a seamless leadership transition, Taylor will remain in her current role through December 6, 2026, then serve in a senior advisory role through at least April 2, 2027. Kelly Collier, Dollar General's current Senior Vice President, Assistant General Counsel for Business Law will succeed Taylor and be promoted to EVP, General Counsel effective December 7, 2026.
“For years, Rhonda has been far more than our General Counsel. She has served as a trusted advisor, respected leader, and strategic business partner who helped play a critical role in shaping Dollar General's trajectory. Her integrity, judgment, and dedication to Serving Others will leave a lasting impact across the entire organization, the Company's Board of Directors, the executive leadership team and especially those who have had ...
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27.08.26 - 20:30
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Dollar General Jumps On "Traffic-Led Momentum" As $4 Gas Accelerates Consumer Trade-Down (ZeroHedge)
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Dollar General Jumps On "Traffic-Led Momentum" As $4 Gas Accelerates Consumer Trade-Down
Dollar General shares surged 6% in the cash session Thursday morning after stronger customer traffic fueled a second-quarter earnings beat and prompted the discount retailer to raise its full-year outlook.
Jefferies analyst Corey Tarlowe wrote in a first take on earnings that "traffic-led momentum drives another beat."
The discount retailer, with 21,000 stores nationwide, most of them located in low-income ZIP codes, reported second-quarter earnings of $2.48 per share, up from $1.86 a year earlier and well above the Bloomberg Consensus estimate of $2. Revenue increased 5.2% to $11.29 billion, while comparable sales rose 3.5%, exceeding the 2.63% expected by analysts tracked by Bloomberg.
Operating profit in the quarter jumped 29% to $769.2 million, beating the $637 million estimate. Gross margin expanded to 32.6% from 31.3% one year ago and came in well above the 31.7% consensus forecas...
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27.08.26 - 18:24
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Dollar Chains Give Diverging View on Pressured Retail Sector (Bloomberg)
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Dollar-store chains provided different takeaways on the state of the US retail sector that's facing increasing economic challenges.
At Dollar Tree Inc., the company mostly met Wall Street expectations last quarter and left its sales growth outlook for the year unchanged. Dollar General Corp. lifted its view for annual revenue after a quarterly sales beat. Bloomberg's Redd Brown joins to discuss. (Source: Bloomberg)...
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