Retail

Dollar stores facing ‘tough ride’ — but one stock may be near a bottom

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Dollar store stocks are feeling the heat.

Heavyweights Dollar Tree and Dollar General reported earnings this week that disappointed investors, with Dollar Tree’s stock falling to lows not seen since November 2020. The companies cited ongoing supply constraints and said they expected more freight and transportation issues in the coming months.

While other retail companies have been able to pass higher costs onto their customers as inflation creeps higher, dollar stores are a stark exception, Chantico Global founder and CEO Gina Sanchez told CNBC’s “Trading Nation” on Thursday.

“Margins have been expanding unless your whole value proposition is ‘We sell stuff cheap,’ and that is the whole…



Source cnbc.com

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