Dollar General, a discount store in the U.S., is showing a stronger stock price than rival retailers.. - MK
* It has been translated through NAVER
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Dollar General, a discount store in the U.S., is showing a stronger stock price than rival retailers such as Walmart and Costco.
According to the financial investment industry on the 8th, the dollar general closed at $113.48 on the New York Stock Exchange on the 6th (local time). Dollar General, which was $75.63 at the beginning of the year, rose 50.05% in more than five months.
During the same period, stock prices have increased more than competitors such as Walmart (8.3%) and Costco (11.56%). It is also an excellent performance compared to Dollar Tree (23.58%) which is affiliated with Dollar Shops.
Dollar General, which sells daily necessities at low prices, is drawing attention this year as concerns over worsening economic conditions and high prices in the U.S. grow.
Dollar General, which is based on low-income consumers, is expanding its base by attracting wealthy customers this year.
The fall of Temu, a Chinese e-commerce company that has been pressuring Dollar General through "ultra-low-cost airstrikes," is also a positive factor. Temu's parent company Pinduoduo's stock price has fallen 16% since April 2, when U.S. President Donald Trump abolished the benefits of the small tax exemption system from China.
[Reporter Jeong Jaewon]