Dollar General CEO is preparing for a weaker economy in the second half of 2019.
Shutterstock/Jonathan WeissCEO Todd Vasos said on Thursday that the store's core customer is"feeling a little less competent" than 2018."We're positioning ourselves for the back half of the year for a weaker consumer."
When the economy bites, dollar stores are well positioned to thrive, but even Dollar General's CEO is preparing for the worst this year. "We're positioning ourselves for the back half of the year for a weaker consumer," he said, and to cater to this consumer it will be offering more in-store promotions.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Dollar General 2019 profit forecast disappoints, shares fall 6 percentDollar General Corp forecast 2019 profit below analysts' expectations on Th...
और पढो »
Dollar General will open 975 stores this yearDollar General says it will open 975 new stores in the US this year and remodel 1,000 older stores
और पढो »
Dollar General's 2019 profit forecast disappoints, shares fall 6%Dollar General reported better-than-expected same-store sales on Thursday, as its customers spent more on groceries at the discount retailer's stores.
और पढो »
Dollar General is defying the retail apocalypse and opening 975 stores — here's what it's like to shop thereDollar General is opening 975 stores this year while many other retailers close locations.
और पढो »
More than 2,000 new stores are opening in 2019 as Dollar General, TJ Maxx, and Aldi defy the retail apocalypseCostco, Dollar General, TJ Maxx, and Aldi are among more than a dozen retailers that are planning to open new stores in 2019.
और पढो »
4 Takeaways From Dollar General's Earnings, Including Promise Beneath A Disappointing Profit OutlookDollar General shares sank 7.5% after the dollar-store chain gave a disappointing profit outlook, thanks in part to its plan to increase spending on areas including self-checkout. Here's what its results say about the state of the discount retail market.
और पढो »
Even plumbers need software: How Glendale's ServiceTitan became a billion-dollar start-upServiceTitan, a software company for blue-collar businesses such as plumbers and HVAC installers, is one of L.A.'s sleeper unicorns — and it all started because the founders' dads needed help with their Glendale contracting businesses.
और पढो »
Dollar extends loss after weaker-than-expected jobs reportThe dollar extends its losses on Friday, following a weaker-than-expected February U.S. jobs report.
और पढो »
Ex-NY official convicted in multimillion-dollar bribe case: prosecutorsA former top elected official on New York's Long Island was convicted on Fr...
और पढो »