Dollar General Corp

Dollar General has gotten hit by steep fines for safety violations, slammed on late-night TV and even overruled by its own shareholders.On Thursday, CEO Todd Vasos laid out on an earnings call with investors the discounter's plans to try to turn around both the company's performance and its public relations problems. He said the retailer will put more workers in the front of its stores, slow down new store openings, take underperforming items off shelves and step up efforts to keep merchandise in stock.It marked the first…

A shopper at a Dollar General storeDaniel Acker | Bloomberg | Getty ImagesDollar General's core customers are reining in their spending amid a worse than expected macroeconomic backdrop, leading the discounter to slash its full year outlook after a dismal earnings report Thursday. Shares of Dollar General plunged nearly 20% in morning trading after the retailer missed estimates on the top and bottom lines. Here's how Dollar General did in its first fiscal quarter compared with what Wall Street was anticipating, based on a…

Dollar General shareholders passed a resolution Wednesday to create an independent audit into worker safety, as the retailer faces mounting pressure to improve conditions. The proposal, brought by Domini Impact Investments, asked Dollar General's board to commission an independent, third-party audit that would examine the company's policies and practices and how they affect the safety and well being of workers. It recommended the audit include an evaluation of practices that contribute to an unsafe or violent environment,…

Shares of Dollar Tree plunged about 14% Thursday after the company fell short of Wall Street's earnings expectations for the most recent quarter and slashed its profit outlook for the full year.Here's how the discounter did in its fiscal first quarter compared with what Wall Street was anticipating, based on a survey of analysts by Refinitiv:Earnings per share: $1.47, adjusted, vs. $1.52 expected Revenue: $7.32 billion vs. $7.28 billion expected The company's reported net income for the three-month period that ended April…

Dollar General and Dollar Tree storesGetty ImagesTwo activist investment firms are calling on Dollar General and Dollar Tree shareholders to approve a pair of resolutions aiming to improve worker safety and wages, the firms said Tuesday. Dollar General Proposal 7, led by Domini Impact Investments, calls for an independent audit into worker safety and wellbeing. It will be voted on during the company's annual shareholder meeting on May 31. Dollar Tree Proposal 7, led by United Church Funds, calls for the creation of a…

About 21% of Target's annual sales come from the food and beverage category, but its grocery aisles have taken on added importance as shoppers buy fewer discretionary items.Melissa Repko | CNBCFor many Americans, a trip to Target brings to mind a shopping cart filled with throw pillows, makeup or a cute outfit.The retailer wants more customers to think of it when checking off the grocery list, too.related investing newsOnly 21% of Target's annual sales came from food and beverage in the most recent fiscal year, according…

A closed Bed Bath & Beyond store in San Francisco, California, US, on Monday, April 24, 2023. David Paul Morris | Bloomberg | Getty ImagesIn strip malls across the country, Bed Bath & Beyond stores have "Closing Soon" signs.For other retailers, those may as well be "For Rent" signs.The home goods retailer, which filed for bankruptcy Sunday, won't only create opportunities for competitors to gain new customers and market share. Its shuttered stores will kick off a land grab for retailers hungry for additional…

The exterior of a Dollar General convenience store is seen on March 16, 2023 in Austin, Texas.Brandon Bell | Getty ImagesDollar General has again been found in violation of federal workplace safety regulations for "willfully exposing" staff to fire hazards at a Pennsylvania store, the Department of Labor said Friday. Investigators found "dangerous safety hazards," including blocked emergency exit routes and electrical panels, at a Jersey Shore, Pennsylvania, store during a November inspection that was sparked by a…

The exterior of a Dollar General convenience store is seen on March 16, 2023 in Austin, Texas.Brandon Bell | Getty ImagesDollar General is in settlement talks with federal regulators after the discount retailer was labeled a "severe violator" of workplace safety rules, according to a spokesperson for the Occupational Safety and Health Administration.The spokesperson said the "mandatory settlement proceedings" before the agency's review commission would occur "pursuant to Commission rules." OSHA is part of the Department…

A worker carries bananas inside the Walmart SuperCenter in North Bergen, New Jersey.Eduardo Munoz Alvarez | APFor some shoppers who already struggle to cover grocery bills, the budget is getting tighter.This month, pandemic-related emergency funding from the Supplemental Nutrition Assistance Program, formerly known as food stamps, is ending in most states, leaving many low-income families with less to spend on food.More than 41 million Americans receive funding for food through the federal program. For those households,…