US EditionDollar General CEO warns consumers are cash-strapped, and says 2025 won’t be better
- Dollar General CEO Todd Vasos stated that inflation is negatively affecting customers, who struggle with basic costs, citing that some have had to sacrifice on necessities.
- Vasos indicated that no improvement in the macroeconomic environment is expected in 2025, especially for the core customer.
- During the period, Dollar General experienced a 1.1% decline in customer traffic due to ongoing financial pressures on consumers.
- Vasos mentioned that uncertainty is partly due to the potential impact of tariffs from President Donald Trump on consumers.
37 Articles
37 Articles
Dollar General CFO says shoplifting problem is ‘well in our control’—after taking this step
Good morning. Dollar General is one of the retailers that has grappled with “shrink,” an industry term that primarily defines theft from stores. But the company has been undertaking measures to address the issue, and CFO Kelly Dilts says those efforts are starting to produce some bright spots. “Shrink,” more precisely, is a term retailers use for inventory loss often attributed to theft by shoppers and employees, or damage or errors. It's estima…
By Nathaniel Meyersohn, CNN The economic situation for low-income Americans has worsened in the past year, and more and more shoppers are going without basic necessities. That's the troubling message from Dollar General, which sells inexpensive items and is therefore considered a proxy for the health of low- and middle-income shoppers. Dollar General's "core customers" earn less than $40,000 a year, and the chain has more than 20,000 stores, mos…
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