Thursday, March 14, 2019

Higher store spending to hit Dollar General 2019 profit, shares fall

Dollar General Corp forecast 2019 profit below analysts’ expectations on Thursday as the discount retailer ramps up spending on stores to pull in more customers.

As competition heats up in the grocery space with the entry of more online businesses, the company said it would spend about $50 million to improve distribution of fresh and frozen food, shopping convenience and labor productivity. . . . more