Business, Finance & Tech

Dollar Tree Stock Plummets 20% as Inflation and Competition Hit Discount Retailers

Name: Dollar Tree Stock Plummets 20% as Inflation and Competition Hit Discount Retailers
Uploaded: 2024-09-05T15:00:00-07:00
Channel: NBC Palm Springs
Description: Dollar Tree's stock dropped 20% after slashing its full-year forecast, citing inflation and a weaker job market impacting low-income shoppers. Competitors like Target and Walmart are adding to the pressure by lowering prices on key items, further challenging discount stores like Dollar Tree and Family Dollar.

By: NBC Palm Springs

September 5, 2024

Dollar Tree stock dropFamily Dollarinflation impactdiscount storesweaker job marketTargetWalmartretail competitionprice cutsfinancial struggles

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