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.

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Relevant topic timeline:

8/24/2023

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.

8/31/2023

These are the top 10 things to watch in the stock market Thursday

Salesforce reports a strong quarter, leading to multiple price-target increases from analysts and a 6% jump in shares, while Dollar General sees a decline in results and slashes forward guidance.

8/31/2023

Dollar General shares tumble after it cuts forecasts, blaming a spending slump and theft

Major retailer Dollar General has revised its sales and profit forecast downwards for the year due to factors such as weaker consumer spending on non-essential purchases, inflation, and increasing theft, indicating a pullback in shopping by American consumers.

8/31/2023

Dollar General Stock Sinks. The Retailer Slashes Its Outlook After Missing Earnings Expectations.

Dollar General stock plunges after the retailer cuts its forecasts due to lower sales and increased expenditures.

8/31/2023

Dollar General stock crashes 17% after the budget retailer cuts its outlook for the rest of the year

Dollar General's stock plunged 17% after missing earnings expectations in Q2 and revising its outlook for the rest of the year, citing weaker sales trends and inventory pressures.

9/1/2023

Volkswagen, Renault shares hit by rare 'sell' rating as Chinese competition grows

Shares in Volkswagen and Renault dropped following a recommendation from UBS analysts to sell the stocks due to the growing threat from Chinese competitors, particularly in the electric vehicle market.

9/6/2023

Manchester United shares plunge on report the Glazers won't sell

Manchester United's shares dropped over 18% after reports that the club's owners will take it off the market due to disappointing offers, resulting in a $700 million decrease in market value.

9/6/2023

US stocks fall as Fed comments and new data raise fear of more rate hikes

US stocks dropped on Wednesday as fears of more Federal Reserve rate hikes circulated, with Big Tech names like Apple and Nvidia dragging major indexes lower. Boston Fed President Susan Collins warned that further policy tightening could be warranted, while the Fed's Beige Book indicated softer activity growth and a cooling labor market in July and August.

9/15/2023

Stocks Sink as Tech Drags Market Lower Despite Strong China Data

US stocks fell on Friday, with the S&P 500 down 0.9%, Dow Jones down 0.5%, and Nasdaq down 1.4%, as concerns about giving up the week's gains outweighed China's improved economic performance, a historic strike by the United Auto Workers, and positive signs of resilience in the US consumer and inflation pressures that make a case for more Fed rate hikes.

9/15/2023

Stocks Decline as GM Strike Damps Investor Sentiment

U.S. stocks dropped as enthusiasm for Arm's IPO faded and the United Auto Workers initiated a strike against Detroit's Big Three automakers, with the Nasdaq falling 1.6% and the S&P 500 losing 1.2%.

9/19/2023

Dollar General Disappoints with Falling Profits and Gloomy Outlook

Dollar General's declining margins and financial strain caused by its own discounts undermine its viability, leading to a cautious outlook on DG stock.

9/20/2023

General Mills Profits Drop as Inflation Cuts into Sales Growth

General Mills' profits have fallen 18% in Q1 due to eroded market share, while its sales have risen 4% to reach $4.9 billion.

9/21/2023

GM, Ford Shares Drop as UAW Strike Deadline Nears, Threatening Further Disruption

GM and Ford stocks drop as the United Auto Workers' strike threat continues.

9/21/2023

Starbucks Stock Falls for Third Day as Sales Disappoint

Starbucks Corp. shares dropped by 2.16% as the stock market took a hit, resulting in their third consecutive day of losses.