Dollar General's latest earnings beat expectations, revealing a surge in revenue and attracting higher-income shoppers. CEO Todd Vasos discusses strategies to retain this new customer base amidst economic uncertainty.
Dollar General's shares jumped over 10% following a robust earnings report, revealing a shift in customer demographics as more middle- and higher-income shoppers flock to the discount retailer amidst tariff fears.
In a surprising turn, Dollar Tree is offloading Family Dollar for just $1 billion, a steep loss from its original $9 billion purchase. The sale highlights the challenges faced by discount retailers amid rising costs and fierce competition.
