Dollar General 2Q profit rises, boosts outlook
THE ASSOCIATED PRESS August 31, 2010
Dollar General Corp. said Tuesday that its net income rose more than 50 percent as more customers shopped the discount store and spent more money when they did. The chain boosted its full-year profit outlook.
Amid a shaky economy with high unemployment, the strong quarter is a sign that many shoppers are still looking to save money by trading down to lower-priced stores.
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