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Why Temu's $10 Dresses Could Discount Dollar General Stock
Forbes· 2024-02-18 20:05
A package from Temu among with other packages, in front of a screen with the logo of Temu. (Photo by ... [+] Nikos Pekiaridis/NurPhoto via Getty Images)NurPhoto via Getty ImagesIf you watched the Super Bowl this month, you are probably familiar with Temu — the privately-held Boston-based deep discount retailer — that spent “tens of millions of dollars” on its “shop like a billionaire” ads, according to the Boston Globe.Temu is growing very quickly. Since launching in September 2022, Temu’s ultra low prices ...
Dollar General (DG) Ascends But Remains Behind Market: Some Facts to Note
Zacks Investment Research· 2024-02-15 00:01
The latest trading session saw Dollar General (DG) ending at $132, denoting a +0.17% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 0.96%. Elsewhere, the Dow gained 0.4%, while the tech-heavy Nasdaq added 1.3%.Shares of the discount retailer witnessed a loss of 4.39% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 4.23% and the S&P 500's gain of 3.69%.Market participants will be closely following the fin ...
Dollar General (DG) Outperforms Broader Market: What You Need to Know
Zacks Investment Research· 2024-02-09 00:01
Dollar General (DG) closed at $135.65 in the latest trading session, marking a +0.27% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.06%. Meanwhile, the Dow gained 0.13%, and the Nasdaq, a tech-heavy index, added 0.24%.The the stock of discount retailer has risen by 0.92% in the past month, lagging the Retail-Wholesale sector's gain of 8.04% and the S&P 500's gain of 6.45%.The investment community will be closely monitoring the performance of Dollar General in its fo ...
Dollar General (DG) Rises Yet Lags Behind Market: Some Facts Worth Knowing
Zacks Investment Research· 2024-02-03 00:01
In the latest market close, Dollar General (DG) reached $136.16, with a +0.1% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 1.07% for the day. Meanwhile, the Dow experienced a rise of 0.35%, and the technology-dominated Nasdaq saw an increase of 1.74%.The the stock of discount retailer has risen by 0.94% in the past month, lagging the Retail-Wholesale sector's gain of 2.02% and the S&P 500's gain of 2.93%.Investors will be eagerly watching for the per ...
Dollar General (DG) Now Offers Fresh Produce in 5000+ Stores
Zacks Investment Research· 2024-01-31 14:26
Dollar General (DG) has been focused on revolutionizing access to fresh produce across the country. Moving on these lines, the company has exceeded its goal of offering fresh produce in more than 5,000 stores nationwide.This significant expansion sets DG as the foremost mass retailer in the United States for individual points of produce distribution and also enriches customers' shopping experience with a variety of fresh fruits and vegetables. The selection includes essential items like tomatoes, onions, ap ...
Dollar General Surpasses Milestone of 5,000 Stores Nationwide Offering Fresh Produce
Businesswire· 2024-01-30 11:55
More than 5,000 Dollar General stores carry the top 20 produce items typically sold in traditional grocery stores, which cover approximately 80 percent of the produce categories most grocery stores traditionally provide. (Photo: Business Wire)More than 5,000 Dollar General stores carry the top 20 produce items typically sold in traditional grocery stores, which cover approximately 80 percent of the produce categories most grocery stores traditionally provide. (Photo: Business Wire)GOODLETTSVILLE, Tenn.--(BU ...
Dollar General Taps AI Produce Ordering as Grocers Automate Procurement
PYMNTS· 2024-01-29 20:00
Dollar General is using artificial intelligence to optimize its fresh produce buying, as across the grocery industry, retailers are tapping automated solutions to improve their purchasing decisions and boost efficiency.The discount chain is expanding its use of AI from solution provider Shelf Engine, which offers demand forecasting capabilities and other inventory insights, to 3,000 stores by the end of the retailer’s 2023 fiscal year in early February, Progressive Grocer reported.“Adopting Shelf Engine’s A ...
Dollar General Hopes Consumers Will Smell Value in New Fragrance Line
PYMNTS· 2024-01-23 09:02
As Dollar General aims to infuse a breath of fresh air into its shopping experience, it’s venturing into personalized collections, including the aromatic debut of Club92 in partnership with Slatkin + Co.This initiative aligns with the growth of the global home fragrance market, which was valued at $7.2 billion in 2022 and is projected to grow at a CAGR of 5.16%, reaching $9.7 billion by 2028.“With a continued value-focused consumer, we recognize our shoppers seek savings and quality. We are proud to listen ...
New Specialty Home Fragrance Line, Club92, Launches at Dollar General
Businesswire· 2024-01-18 11:55
Now available at DG’s approximately 20,000 locations in 48 states, the Club92 home fragrance product line includes scented candles, wax melts and reed diffusers in six truly transportive core fragrances. (Photo: Business Wire)Now available at DG’s approximately 20,000 locations in 48 states, the Club92 home fragrance product line includes scented candles, wax melts and reed diffusers in six truly transportive core fragrances. (Photo: Business Wire)GOODLETTSVILLE, Tenn.--(BUSINESS WIRE)--Slatkin + Co., the g ...
3 Dirt-Cheap Retail Stocks to Buy Before They Take Off
InvestorPlace· 2024-01-17 21:26
The retail sector took a major hit last year as stocks across the industry plunged. High inflation and depressed consumer sentiment created the perfect storm, driving share prices lower. As we move into 2024, many retail stocks remain beaten down, trading at bargain-basement valuations. However, there are signs inflation may be cooling, and the consumer is persevering. This spells opportunity. Now could be the ideal time to grab certain retail stocks while they’re down, before the inevitable recovery.In my ...