Dollar Tree's shares sink, as CEO says 'challenging' economy is pressuring discounter

Shares of Dollar Tree fell after the retailer revealed that customers are primarily focusing on purchasing food and essentials, indicating more price-sensitive spending habits and a challenging economic backdrop.

cnbc.com

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8/24/2023

Dollar Tree said theft is such a problem it will start locking up items or stop selling them altogether

Dollar Tree blames a drop in profit margin on theft, changing consumer demands, and higher prices for fuel and electricity.

8/24/2023

Stock Market Today: Dow Lower; Nvidia's Earnings; AMC and More Premarket Movers

Stocks fell on Thursday as investors retreated ahead of the Federal Reserve's Jackson Hole symposium, with European stocks dropping and technology stocks giving up earlier gains, while Walt Disney shares tumbled, and Treasury yields increased on strong economic data and concerns about inflation.

8/24/2023

Dollar Tree taking 'very defensive approach' to shoplifting, CEO says

Dollar Tree Inc., a discount retailer, is implementing new measures to combat shoplifting, including moving certain items behind the check stand and discontinuing items that can't be kept on the shelf, as the company addresses the impact of shrink on its gross margin.

8/31/2023

Even Dollar General is now being slammed by retail theft

Dollar General's shares dropped after the company warned of declining profits due to rising thefts and weak consumer demand, forcing the company to lower its profit and sales targets for the second time this year.

9/20/2023

Pinterest, General Mills Up Premarket; Instacart Falls in IPO Debut While Coty Rises on Upbeat Outlook

Dollar General shares fall after being downgraded by JPMorgan, Pinterest shares climb following investor day, General Mills beats expectations, Instacart stock drops after IPO, Coty raises outlook, Bausch Health gains on upgrade, and Goldman Sachs plans to sell lending platform Greensky.

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Posted 8/24/2023, 3:28:54 PM

Dollar Tree's shares sink, as CEO says 'challenging' economy is pressuring discounter

cnbc.com

Relevant topic timeline:

8/24/2023

Dollar Tree said theft is such a problem it will start locking up items or stop selling them altogether

Dollar Tree blames a drop in profit margin on theft, changing consumer demands, and higher prices for fuel and electricity.

8/24/2023

Stock Market Today: Dow Lower; Nvidia's Earnings; AMC and More Premarket Movers

8/24/2023

Dollar Tree taking 'very defensive approach' to shoplifting, CEO says

8/31/2023

Even Dollar General is now being slammed by retail theft

9/20/2023

Pinterest, General Mills Up Premarket; Instacart Falls in IPO Debut While Coty Rises on Upbeat Outlook