Dollar stores are starting to offer fresh food after years of criticism [CNN]
Dollar General Corporation (DG)
Last dollar general corporation earnings: 3/12 06:55 am
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Source: CNN
Chains have good reason to introduce perishable food: there's demand for it. Family Dollar, which is owned byDollar Tree(DLTRDollar GeneralDGAdding produce to stores in rural and urbanfood desertsProduce hasn't been widespread at these stores in the past because they have business models that rely on keeping down expenses and limiting "shrink" — merchandise lost due to spoilage or other errors. Selling produce is more labor-intensive than stocking stores with shelf-stable foods that don't go bad.Produce is "so hard to execute," said Scott Mushkin, a retail analyst at R5 Capital, an industry research firm.The new offerings may not be enough to satisfy critics of the chains.Barry PopkinPopkin noted that only a small percentage of Dollar General and Family Dollar stores are selling fresh food and the assortment of items they are offering is narrow — no asparagus or spinach, for example."You can't get much healthy in the dollar stores" that don't offer fresh produce, he said, which is not
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DG
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- 3/14/24 - Beat
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Sec Filings
- 4/12/24 - Form 4
- 4/11/24 - Form 144
- 4/8/24 - Form 8-K
- DG's page on the SEC website