Reported about 1 month ago
Goldman Sachs managing director Kate McShane highlights the increasing financial strain on lower-income consumers in the U.S., particularly as the holiday shopping season approaches and inflation continues to impact purchasing power. She notes that these consumers are seeking better prices rather than value, which has affected discount retailers like Dollar General and Dollar Tree, whose sales show the impact of stretched budgets. Industry leaders emphasize the importance of value across demographics, revealing that 60% of Dollar General's business comes from consumers earning $30,000 or less.
Source: YAHOO