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More bad news for department store sector — from Moody’s
A less than stellar holiday season for U.S. department stores has led Moody's Investors Service to revise its forecasts downward for the sector's operating income. In its new report, the rating agency said it now expects 2016 aggregate operating income to decline 18%, rather than 11%, and for sales to also decline in the year ahead. -
First Look: Dollar General’s new smaller-format store, DGX
Dollar General has unveiled its smaller-store concept, called DGX, in Nashville, Tennessee. A second location is set to open in Raleigh, North Carolina. The new store, which features 3,400 sq. ft. of selling space, is designed to serve urban shoppers in a convenient, easy-to-shop format. The merchandise mix is geared toward instant consumption and includes a beverage bar, coffee station and grab-and-go sandwiches.

