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Dollar General posts record sales as bargain stores attract more people anxious about the economy
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FILE - The logo for Dollar General appears on a screen above a trading post on the floor of the New York Stock Exchange, July 13, 2023. - photo by AP Photo/Richard Drew, File
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. The U.S. economy shrank at a 0.2% annual pace from January through March, the first drop in three years, as President Donald Trump’s trade wars dented spending by businesses. Consumer spending slowed sharply.