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Dollar General Struggles, Amazon Fresh Expansion, Abercrombie Faces Uncertain Future
Manage episode 437066104 series 3525932
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Here are today's top headlines:
- Dollar General’s shares plunged by 25% as the company lowered its fiscal 2024 sales and profit outlook, citing economic pressures on its lower-income customer base and internal management issues.
- Amazon Fresh has opened four new stores, extending its grocery footprint to just under 50 locations in eight states.
- Abercrombie & Fitch shares dropped by 17% after CEO Fran Horowitz warned of an “increasingly uncertain environment” ahead, despite strong Q2 performance with a 21% revenue spike and earnings per share of $2.50, surpassing expectations.
Stay informed with Omni Talk's Retail Daily Minute, your source for the latest and most important retail insights. Be careful out there!
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