Dollar General warns poorer US consumers are running out of money
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Lower-income American households are running out of money at the end of every month, the discount retailer Dollar General said as it released dismal results that drove its shares down more than 30 per cent for their sharpest one-day drop on record.
When the American economy is too rough for Dollar General...
all the grocery stores where I live are like almost 2x the price of when I was living in a bigger city. the demographics of the town are such that like half or more are on disability, SSI, foodstamps etc.
grocery stores are gouging food stamp customers because they know they have no choice.
grocery stores are gouging
food stampcustomers because they know they have no choice
I live in a similar place, so the lines at Dollar General and Tree are like 20-45min every time I walk in there since they hire like 1 person to do the work of 10 (all the stores declining in that report do that) reminding me of Kmart before its demise and at least 2/3 of the town shops there. Sometimes I have to make do without since I can't wait and will just have to spend more at the grocery when I can combine it with another trip to justify the gas.
If the extraction class was looking for a canary in the coal mine, this is it. You’ve officially squeezed too hard and are in danger of being eaten.
You’ve officially squeezed too hard and are in danger of being eaten.
eh, at this point the average American is much more likely to support fascist shit-heels than spontaneously turn to socialism.
Remember, the coolzone will not happen without organising.
Americans will not spontaneously rise up. They will just get poorer, more miserable, more criminal, more fucked.
There are places everywhere all over the world that are more desperately poor. And without organising they too do not spontaneously rise up. They simply die.
The work needs doing.
i think ppl who say things like "once conditions are bad enough, we'll start party rockin'" is unaware of things like hierarchy of needs or how bad things used to be historically (in the us)
Dollar General? No I answer to Won General
Cool zone getting closer every day for Americans
Dollar General is a big part of the reason why.. that shit is not cheap, or if it's cheap it will be ineffective and you'll have to keep buying it, but its ALWAYS nearby any poor neighborhood
Exactly, dollar general tends to be in poorer neighborhoods but is expensive as shit. At least around here, they only get business by being the only place to buy basic necessities.
There was one a block away from a homeless encampment a few of us were working with, and some of their basics were 50-100% more than the neighboring parts of town. There is a little public transport in this city, but definitely not adequate for most people to be able to use it for errands. Of course people in these neighborhoods are always running out of money, Dollar General is picking their pockets.
Unrelated, but the ice box outside was not only locked, it was just straight up off. This was during an extended heat wave. A worker mentioned that corporate stopped sending ice because it had been getting stolen. Just overall a shitty store to have to deal with.
Exactly. Their whole game plan is to swoop into poor neighborhoods where they can edge out any local grocery stores or markets, IF there are any to begin with, and overcharge the poorest people trying to subsist.
And it seems to be working because they're everywhere.
I recently drove about 6000 miles and I can't tell you how many Dollar General stores I saw on that trip, but I know in one town we saw 3 of them within a couple miles of each other in an area that was obviously struggling.
This and the big mac index aint pointing to anything favorable for the American worker at all
If they had tried being Billion Dollar General and targeting the Pentagon as their primary customer they wouldn't be in this fix
didn't expect a walmart vs amazon struggle session in these comments, but there it is! what a world.
if you're talking about me I'm not pro amazon or whatever, but I am pro "never have customers interacting with a store full of merchandise, even under communism" like I am sorry but unless you're going to gulag bad customers who don't do the work of picking up after themselves, it is dogshit slavery that needs to be abolished. No more of it. No more hours of peoples' lives wasted cleaning up after fellow adults just because they're fucking lazy. so I am pro "warehouse distribution model" if anything.
Definitely depends on the area and a handful of variables, but I feel like there's an environmental argument to be had for frequent good deliveries to households.
It could be scheduled in a similar way as waste management and households just put in a recurring order that they could update every week with one off needs. Heck, it could even get fancy and offer to let you pick your produce at the door or van. It could be door-to-door or block-by-block with assistance for people that need it.
If this was a socially supported and accepted model for getting basic goods then a non-small amount of car trips would just not happen.
It would be really interesting if someone with a background in this and access to relevant numbers could see if something like that would be beneficial, or could think outside the box for other ways to make spread out metropolitan life slightly less environmentally shit (with the caveat that significant structural changes still need to happen obv).
Neither did I, I wash my hands of it!
it's to know it's not just me who's totally cooked
Dollar stores should haven't been existed in the first place.
None of them are good but Dollar General specifically exists to exploit underserved markets. Dollar Tree still has cheap stuff of slightly dubious quality, but you can find good stuff there for cheap.
When I first moved into this neighborhood we had a Bottom Dollar, then Aldi bought them out and closed almost all of them getting rid of the closest grocery store that served a fair amount of the community. There was one like another 5 minutes away or another one 10 minutes away on arterial streets. Then the one that was 5 minutes away closed after it was sold and the only reason it's a grocery store today is because the previous owners insisted the buyer had to make it a grocery store, otherwise you'd just have a food desert for a lot of the immediate vicinity that had the poorest families in the city.
Dollar General moved into where that original Bottom Dollar grocery store was and was the only convenient place to get food for a few years if you didn't have a car. There's another Dollar General 10 minutes up the road where a Dollar Tree used to be. There's yet another probably another 7 minutes away from that second one, after that I couldn't tell you since they're fucking everywhere and there's probably 3 I'm not even aware of because I just don't turn right at a certain intersection.
counterview: every store should be, at most, a dollar store
It's time for a Dollar General military coup
I used to live in a community where the closest shelf stable food was about 2 miles of unwalkable highway to get to a "store" that just had cans of beans, frozen pizzas, cigarettes, soda and ketchup/mustard bottles. everything was at 200% markup over the Walmart 40 minutes away, over the ridge by way of a sketchy ass logging road.
a dollar general was under construction when I left that was just 3 miles down the road along a more normal, well maintained highway and honestly a lot of people were excited by the prospect. granted, almost every household gardened and canned so there were roadside stands and an active barter system for fresh produce, so it wasn't exactly a food desert but poverty and material insecurity was pervasive. with the coming of the Dollar General, now you could buy pet food and a phone charger without spending 2 hours on the road burning fuel or inviting death when the mountain roads were icy in winter.
people knew it would fuck them over as all big merchants in the area did, but it was a dire enough scenario that it was preferable to the status quo.
I remember when I found out I was unironically like, "damn, we are moving up in this world."
no way
also worth mentioning that the rise of Temu directly hits Dollar stores.
Dollar general contributes to this by only having like 3 jobs per store and they don't pay shit.
i think the future of most stores is just to close the inside, turn it into a mini-warehouse that you use an app to preorder or place an order at a window
no joke i work in a retail sector and a former co-worker asked a C-suite guy what the company's "vision" was for the future and he basically said that
so won't even be 3 jobs eventually. 1 maybe.
Honestly in store retail is a fucking nightmare of work that only exists because customers are careless and lazy. Customers will upend an entire table of folded clothes like pigs rooting through the brush for forage and SOMEONE has to fix it. It can take hours to fold and reorganize a section of clothing only for some shithead to come fuck it up again in 2 minutes.
The whole point of the reail shop was to make the shoppers do the labor of walking the storehouse, finding the items, picking them, colating them, and transporting them. Converting every store into a mini warehouse will increase labor costs. It will require consolidation to achieve the vision you have put forth.
ordering stuff for in store pick up is the best. Roll up, grab your shit, leave. No wasted time wandering the aisles
Lmao returning to tradition of the old-timey grocers' then, but in a tech-broey way
My building have a mini market with no employees, you just take what you need and pay with the app. I guess they still have at least one employee supplying a couple of different buildings, but that makes its less that one employee for store.
Seems like there's some kind of crisis of production going on here.