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Discounter’s store growth hits a big number
Dollar General continues to expand its store portfolio at a rapid pace. The discounter on Monday opened its 13,000th store, in Birmingham, Alabama. The company operates approximately 675 stores in Alabama. The new store is one of the planned 900 new stores Dollar General expects to open in 2016. -
Retail sales stall in July
Consumers cooled their spending in July. Retail sales were flat in July, in line with a revised 0.8% gain in June, according to figures released Friday by the Commerce Department. The report ended three straight months of monthly gains. Sales in July rose 2.3% from a year ago. Excluding automobiles and parts sales, sales fell 0.3% in July — the weakest reading since January, after a 0.9% gain in the prior month.
