Reported about 1 month ago
Dollar General's shares plummeted over 30% after the company reduced its full-year guidance, with CEO indicating financial strain on core consumers. Analyst Peter Keith highlights Walmart's strong digital presence as a significant concern for Dollar General, noting that Walmart is capturing market share that typically would go to dollar stores, particularly among consumers looking for budget-friendly options. He emphasizes the urgent need for Dollar General to enhance its digital strategy to attract younger and middle-income customers in today's competitive landscape.
Source: YAHOO