Dollar General 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.
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75 sats \ 0 replies \ @BitcoinAbhi 30 Aug
It is huge 25 percent in a day. How can dollar store sustain now.
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88 sats \ 0 replies \ @Undisciplined 29 Aug
That fits with the trend of fast food becoming unaffordable.
Americans have long spent tons of money on crap they don't need, and that held across income groups. There's a lot of room for people to cut, if they get sufficiently squeezed.
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154 sats \ 0 replies \ @SwearyDoctor 29 Aug
before, it was always, "in a recession, buy dollar stores and walmart stock". Now, this paradigm is breaking, and it's obvious why:
The lower incomes keep getting squeezed beyond resistance, to the point where they end up on the street (or, in Canada, in suicide booths; it's not just the Simpsons in which Groening successfully predicted things...). No more quarters for the dollar store.
At the same time, the well-off and the rich are not just fine, they're thriving - obviously, because the system is built on transfering wealth from the poor to the rich, as profits have to keep pace with competitors' profits, or you get bought out or suqeezed out. No other choice than to hyperexploit everything you can get your hands on. (which, also, fuels the forever wars, which always target the countries that intend to gain economic independence; but that's another matter.) This has always been this way, of course, and was already on course to break around the turn of the last century; it got a reprieve, but now that "final squeeze" is back.
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106 sats \ 0 replies \ @voxmagdalenea 29 Aug
To be real, I think the Dollar General Lifestyle and Walmart need to start folding up and people need to start re-evaluating their values. Local and self sufficient is really the life of the future, back to gardens, eating right and neighborhoods. I think its a long road but it seems to be where the next trends are leading. Keeping imports down. Using innovation and creative ideas to fill in the imports.
While I realize for some this is difficult, even for us, we have no land to grow on, but we have family and friends who do and we share the land to grow things. Cutting back on garbage stuff overall brings about a healthier and happier vibe.
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64 sats \ 0 replies \ @kepford 29 Aug
If this surprises anyone they need to reconsider their observational skills and their news sources. You might be an idiot or just a fool following terrible people.
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64 sats \ 0 replies \ @synergymatrix 29 Aug
They can't afford it. The dollar store is not a dollar store anymore besides their online counterparts are eating a huge chunk of the market share for dollar store.
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64 sats \ 0 replies \ @Malachi17 29 Aug
Leisure expense is something I waived goodbye to back in 2017. Budgeting to go to dollar store is now "old hat".
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64 sats \ 12 replies \ @TomK 29 Aug
Is it time to unpack the quote from Madame de Pompadour?
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115 sats \ 11 replies \ @siggy47 OP 29 Aug
I'm not familiar with it? Not "Canada is only good for furs" one?
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123 sats \ 6 replies \ @TomK 29 Aug
This fine lady responded to a servant's remark that the people were revolting because they were hungry by saying: if they have no bread, let them eat cake.
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68 sats \ 5 replies \ @Malachi17 29 Aug
That's historically not the case. People attribute the quote to her, though.
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21 sats \ 4 replies \ @TomK 29 Aug
and she also said after a defeat of the French army at a banquet: after us, the deluge
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47 sats \ 3 replies \ @Malachi17 29 Aug
I think her Dad said that, technically. Louis the something or another.
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21 sats \ 2 replies \ @TomK 29 Aug
Let's not argue about details. Those were fiat kings, too. All of them
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47 sats \ 1 reply \ @Malachi17 29 Aug
History is a little more than simply "arguing about details".
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64 sats \ 2 replies \ @TomK 29 Aug
This fine lady responded to a servant's remark that the people were revolting because they were hungry by saying: if they have no bread, let them eat cake.
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68 sats \ 1 reply \ @siggy47 OP 29 Aug
Oh yes. I didn't know that was her. I always think of that as Marie Antoinette. Were they the same person?
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64 sats \ 0 replies \ @TomK 29 Aug
Same person
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43 sats \ 0 replies \ @Bell_curve 30 Aug
I laughed out loud literally
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43 sats \ 0 replies \ @Signal312 30 Aug
I wonder if people are starting to buy from Temu?
I am. It's kind of like an online dollar store, except there's tons more variety, and things are way cheaper.
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43 sats \ 0 replies \ @Satosora 30 Aug
Dollar stores arent dollar stores anymore.
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43 sats \ 0 replies \ @BitcoinIsTheFuture 30 Aug
Is this a Bitcoin Bugle article? Thanks Fed for hyperinflation and stealing from the poor!
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43 sats \ 0 replies \ @tenshi 29 Aug
You also have to take into account the massive amount of shrink. You can literally walk in and out of a dollar store with whatever you want.
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11 sats \ 0 replies \ @Golu 30 Aug
I've listened it's the 2nd best retail chain in US? If that's tumbled, it is a big indication towards something huge going to be on the radar of economics.
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0 sats \ 0 replies \ @Satoshi__Nakamoto 29 Aug
It is true statement
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0 sats \ 0 replies \ @DawnoftheDead 29 Aug
deleted by author
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