With almost 9,000 stores at the end of this past quarter, discount retailer Dollar General
According to the Wall Street Journal:
Consumers have been spending more this year, though the increase has been uneven amid uncertainty about the U.S. recovery and Europe's economic woes. Dollar-store chains are continuing their expansions in a bet they can retain bargain-hunting customers they gained in the downturn when the economy picks up.
Bank of America analyst Alan Rifkin stated his preference for discount retailers as he reiterated a "buy" rating on Dollar General, in addition to favoring similar companies like Dollar Tree
I would expect profit and sales volume to remain high at such deep discounters, as consumers continue to react to a jobless recovery and persistent unemployment. But what do you think? Leave a comment below.
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