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. 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.