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...
Exactly, dollar general tends to be in poorer neighborhoods but is expensive as shit. At least around here, they only get business by being the only place to buy basic necessities.
There was one a block away from a homeless encampment a few of us were working with, and some of their basics were 50-100% more than the neighboring parts of town. There is a little public transport in this city, but definitely not adequate for most people to be able to use it for errands. Of course people in these neighborhoods are always running out of money, Dollar General is picking their pockets.
Unrelated, but the ice box outside was not only locked, it was just straight up off. This was during an extended heat wave. A worker mentioned that corporate stopped sending ice because it had been getting stolen. Just overall a shitty store to have to deal with.
Exactly. Their whole game plan is to swoop into poor neighborhoods where they can edge out any local grocery stores or markets, IF there are any to begin with, and overcharge the poorest people trying to subsist.
And it seems to be working because they're everywhere.
I recently drove about 6000 miles and I can't tell you how many Dollar General stores I saw on that trip, but I know in one town we saw 3 of them within a couple miles of each other in an area that was obviously struggling.