Discount

Retailers

Lidl to open 1st Washington, D.C., store next week

The store will be the first new supermarket located in Wards 7 and 8 in more than a decade.

Inflation

Dollar General’s $1 groceries aren’t going anywhere

The discounter said its lowest price point is more important than ever and that it plans to expand its offerings. Competitor Dollar Tree raised its prices to $1.25 late last year.

The discounters are beefing up their merchandising of fresh and frozen foods, and lowering prices even further, to attract cash-strapped shoppers.

Both retailers reported strong grocery sales Thursday, but Dollar Tree lowered its earnings forecast while Dollar General raised its full-year outlook.

"As consumers are faced with record levels of inflation, our business is well-positioned to help them stretch their budgets," CEO Eric Lindberg said.

The Dollar Tree banner, which temporarily closed 400 stores earlier this year because of a rodent infestation, has a “disturbing history of putting profits above employee safety,” the agency said.

The planned facilities in Arkansas, Colorado and Oregon, a $480 million project, will expand the availability of the discounter’s fresh and frozen foods offerings, the company said.

The discounter, which announced a major C-suite shakeup several weeks ago, hired Dollar General veteran Bobby Aflatooni as chief information officer.

Lidl also planning to drop prices on more than 100 items in all of its stores as inflationary pressures continue across the supply chain.

The Chesapeake, Va.-based retailer also records a 19.2% lift in gross profit for first-quarter fiscal 2022.

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