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Dollar General Revises 2023 Outlook Amid Financial Shortfalls  

Retail TouchPoints

Even though the retailer saw growth in the consumables category, sales across home, seasonal and apparel categories fell. drop in operating profit to $692.3 The retailer also saw a staggering 24.2% Gross profit as a percentage of net sales was 31.1% in Q2 2023, down from 32.3% in Q2 2022.

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DICK’S Sporting Goods Launches New Outlet And Clearance Banners

Retail TouchPoints

DICK’s will open eight stores carrying the two new banners, giving the retailer a total of 11 outlet and clearance centers across nine states. OVERTIME by DICK’S Sporting Goods locations will offer an assortment of apparel, footwear and equipment at up to 75% off. Spartanburg, S.C. and Racine, Wis.

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How Smaller Assortments, Lower Inventory Levels Can Maximize Post-COVID Success

Retail TouchPoints

Retailers, particularly those in the apparel, footwear and soft goods verticals, have an opportunity to turn the lemons from COVID-19 into lemonade, according to Keith Jelinek and Richard Maicki, Managing Directors in the Performance Improvement Practice of Berkeley Research Group (BRG).

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Off-Price Quarterly Results Showcase Benefits Of ‘Essential Retailer’ Status

Retail TouchPoints

billion in Q1 2020, while same-store sales jumped 21.7% The retailer saw increases in consumables, seasonal home products and apparel, with the company attributing this growth to COVID-19’s impact on consumer behavior. Dollar General saw its net sales rise 27.6% during the same period. of net sales, compared to 22.5% in Q1 2019.

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