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A perfect storm of food-stamp cuts and low tax refunds is looming - and discount chains like Dollar General and Big Lots could feel the pain
7 days ago | By Business Insider
A shopper passes through the bread aisle of a Big Lots store. Jeffrey Greenberg/Universal Images Group via Getty Images
Off-price retailers are worried that cuts to food stamps and smaller tax refunds will hurt sales.
Enhanced SNAP benefits ended in the remaining 32 states this month after three years.
Tax refunds are also likely to be smaller because of the wind-down of some expanded tax credits.
Discount chains like Dollar General and Big Lots are warning that cuts to food stamps and lower-than-usual tax refunds this year could start hurting sales. This month, 32 states ended the federal...
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Dollar General enters the retail 'labor hoarding' war with a $100 million investment to boost scheduled hours for employees
7 days ago | By Business Insider
Dollar General says it has raised wages by 23% over the past three years. Justin Sullivan/Getty Images
Discount retailer Dollar General is the latest employer to join the industry's "labor hoarding" war.
The company said it will spend $100 million to increase the number of scheduled hours for store employees
Average wages have already gone up 23% in the past three years - similar to raises at Walmart and Kroger.
Retail's "labor hoarding" war now has a General - Dollar General, that is. The Tennessee-based discount store brand said Thursday it, too, will spend big cash this year to attract...
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