US News

Lower-income American households are running out of money at the end of every month, the discount retailer Dollar General said as it released dismal results that drove its shares down more than 30 per cent for their sharpest one-day drop on record.

The largest US dollar store chain, with more than 20,000 locations across 48 states, painted a bleak financial picture for many of its customers after years of inflation and the depletion of savings built up during the pandemic. Shrink, an industry byword for inventory losses that includes shoplifting, was also on the rise, it added.

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