Midday Market Minute: Dollar Stores Start to Feel the Pinch
Filed under: Earnings, Market News
During the Great Recession, business was strong for the nation’s extreme discounters. Dollar General (DG), Dollar Tree (DLTR) and Family Dollar Stores (FDO) were investor favorites, and all three undertook aggressive expansion. Now, however, The Wall Street Journal reports that their burgeoning numbers of outlets may become problematic, as the prospect of market saturation in a still-tough economy looms.
Family Dollar, which currently has more than 7,000 stores, reported a quarterly profit…
Midday Market Minute: Dollar Stores Start to Feel the Pinch originally appeared on DailyFinance.com on 2013-02-07T12:45:00Z.
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