Dollar General posts record sales as bargain stores attract more people anxious about the economy
Dollar General set a quarterly sales record of $10.44 billion and upgraded its annual profit and sales outlook as Americans tighten their budgets and spend more at bargain stores and off-price retailers amid economic uncertainty. Dollar General, based in Goodlettsville, Tennessee, stands out because it is raising its expectations for the year while most traditional retailers, like Macy's, Target or Best Buy, are dialing back profit and or sales projections, citing anxious customers or the impact of tariffs. For the period ended May 2, Dollar General's sales climbed 5% to $10.44 billion from $9.91 billion.