Dollar stores weighed down by 99 Cents Only bankruptcy [Seeking Alpha]
Dollar General Corporation (DG)
Last dollar general corporation earnings: 3/12 06:55 am
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US:NYSE Investor Relations:
investor.shareholder.com/dollar
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Source: Seeking Alpha
challenges” in the retail environment have hindered the company's ability to operate. The company cited the “unprecedented" impact from COVID, shrinkage, shifting consumer demand and persistent inflationary pressures for its decision to shut down. The company's 371 stores will remain open as it winds down operations and sells off fixtures, furnishings, and equipment, along with merchandise. Like Dollar General ( NYSE: DG ) and Dollar Tree ( DLTR ), 99 Cents Only featured a mix of refrigerated and shelf-stable groceries and heavily discounted items. The store was also known for offering high-ticket items for 99 cents for the first nine customers. After going public in 1996, 99 Cents Only was acquired in 2012 by Ares Management for $1.6B. The bankruptcy filing reverberated through the sector with shares of Dollar General ( DG ), Dollar Tree ( DLTR ), and Five Below ( FIVE ) trading lower, all of which are suffering similar headwinds to profitability. Recently, Dollar General (DG
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News
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- Here's What's Concerning About Dollar General's (NYSE:DG) Returns On Capital [Yahoo! Finance]Yahoo! Finance
- Business About Town for April 28, 2024 [Yahoo! Finance]Yahoo! Finance
- DOLLAR GENERAL INVESTIGATION CONTINUED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Dollar General Corporation - DGPR Newswire
DG
Earnings
- 3/14/24 - Beat
DG
Sec Filings
- 4/29/24 - Form PX14A6G
- 4/12/24 - Form 4
- 4/11/24 - Form 144
- DG's page on the SEC website