Dollar General shares sank 7.5% Thursday after the dollar-store chain gave a disappointing profit outlook, thanks partly to its plan to increase spending on areas including self checkout. Here’s what its results say about the state of low-income shoppers and discount retail market.
Amazon, a thorn in the side of retailers from Walmart and Target, is facing increased competition on all fronts seeking to chip away its lead. Except the Seattle giant isn’t sitting still either. One example: its first fulfillment center, featuring hundreds of robots, inside New York City.