Reported about 1 month ago
This week, several major retailers, including Dollar General and Ulta Beauty, expressed concerns about the financial strain on U.S. consumers, leading to cautious sales forecasts. Dollar General, in particular, experienced a significant stock drop after attributing its declining sales to budget-conscious customers. Analysts noted that consumer spending appears to be lagging behind inflation, indicating a softer market, despite some optimistic retail sales figures. As brands cater to a more selective shopper, competition intensifies, highlighting the challenges retailers face in maintaining profitability.
Source: YAHOO