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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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.
Is it time to unpack the quote from Madame de Pompadour?
I'm not familiar with it? Not "Canada is only good for furs" one?
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.
That's historically not the case. People attribute the quote to her, though.
and she also said after a defeat of the French army at a banquet: after us, the deluge
I think her Dad said that, technically. Louis the something or another.
Let's not argue about details. Those were fiat kings, too. All of them
History is a little more than simply "arguing about details".
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.
Oh yes. I didn't know that was her. I always think of that as Marie Antoinette. Were they the same person?
Same person
I laughed out loud literally
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.
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.
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.
It is huge 25 percent in a day. How can dollar store sustain now.
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.
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.
Leisure expense is something I waived goodbye to back in 2017. Budgeting to go to dollar store is now "old hat".
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.
Dollar stores arent dollar stores anymore.
Is this a Bitcoin Bugle article? Thanks Fed for hyperinflation and stealing from the poor!
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.
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.
It is true statement
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