Dollar General to slow new store openings amid softening sales

Food and beverage purchases, in addition to discretionary shopping, declined during the discounter’s third quarter.

Wholesalers & Distributors

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Both net and ID sales decline in Q3, while e-commerce again posts double-digit sales growth.

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The regional grocer's net sales totaled $1.58 billion, up from $1.45 billion a year ago.

But low-margin food and beverage sales can’t make up for a “meaningful” shortfall in discretionary purchases and slowing traffic from lower-income shoppers, the discounter said in reporting its third quarter results.

Aisle 1: Executives from both Walmart and Target this week said consumers are nervous about making purchases and are holding out for deals amid still-high grocery prices.

The club-based retailer on Friday said online sales rose 16% during the period but it lowered its financial outlook to “navigate shifts in consumer behavior."

The retail giant on Thursday reported comparable-store sales growth of 4.9% in its U.S. business, driven by strong food sales.

The Colorado-based grocer notched a 6.9% jump in same-store sales as shoppers continue to prioritize health and wellness.

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