Lower grocery prices, food stamp cuts hit Dollar General results
Discount retailer Dollar General Corp reported a surprise drop in quarterly comparable sales and tempered its
full-year profit forecast, hit by lower grocery prices and reduced food
stamp coverage in several U.S. states.
prices have fallen in the past few months due to low oil and grain
prices as well as intense competition in the sector, resulting in
aggressive price cuts by Wal-Mart Stores Inc and other food retailers.. . . more