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Electric vehicles accounted for a record share of new car registrations in the European Union last year, official figures showed on Tuesday, as more and more drivers are going electric amid rising ...
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Source:finance.yahoo.com
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Source:finance.yahoo.com
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Researchers in South Korea have developed a battery design that could help electric vehicles travel farther while making their battery packs smaller and lighter. The technology tackles a major problem ...
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Source:knowridge.com
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Source:knowridge.com
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Save $10: The early Prime Day deals are here, and this is your chance to get an even earlier start on your Christmas prep with $10 off a Lego Star Wars Advent Calendar. That means you’ll pay just $35 for a full month of daily Lego fun.

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Adobe is bringing its flagship video editing program to Android phone owners. The Android Premiere app is now available to download from the Google Play Store, the company announced on Tuesday. Premiere is the mobile app version of Adobe’s flagship video editing software, Premiere Pro. It first became available on iOS last year, and now,…

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Save $30: We’ve spotted this 300-watt Ugreen Nexode Pro charging station for $170 at Amazon. This early Prime Day discount slashes $30 off its list price and brings this charging station back down to its all-time low. In our experience, deals at Amazon tend to go fast or quickly revert to their original price, so…

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Dollar General CEO Todd Vasos says persistent inflation and volatile fuel prices are squeezing the companys low-income customers.
Shoppers are visiting stores more often but purchasing fewer items during each trip, a pattern associated with financial distress.
Consumers earning more than $100,000 are also shopping at Dollar General more regularly as they look for lower prices.
Dollar General CEO Todd Vasos is offering a sobering assessment of the American consumer: Low-income households remain under intense financial pressure, while a growing number of higher earners are also searching for bargains.
Speaking during the discount retailers second-quarter earnings call, Vasos said Dollar Generals core customers are still employed and have seen some income gains. But those gains are being swallowed up by persistent inflation and volatile gasoline prices.
The consumer obviously is strained, Vasos told analysts. He said gasoline prices approaching or exceeding $4 a gallon put additional pressure on household budgets, particularly among Dollar Generals lower-income shoppers.
The strain is showing up in how people shop. Customers are coming to Dollar General more frequently but spending less on each visit, Vasos said.
Instead of making large trips to stock up on food and household supplies, consumers are buying only what they need for the next few days. Vasos said customers are watching every penny because they are uncertain about what the following week may bring.
That behavior can be a sign that households are managing their purchases around paychecks, government benefits or the remaining money in their bank accounts. Smaller, more frequent purchases may help families control immediate spending, but they can also prevent them from taking advantage of lower unit prices on larger packages.
Financial pressure spreads to higher earners
Dollar Generals observations are not limited to its traditional low-income customers.
Vasos said the company continues to attract middle- and upper-middle-income shoppers, including households earning at least $100,000 a year. Those customers initially visited Dollar General only occasionally, but they are now shopping there on a more regular basis.
They are also buying more than groceries and household necessities.
Consumer Daily Reports Article Count: 6410
Environmental News Articles Article Count: 32
Reviews Article Count: 2188
Vehicle News Articles Article Count: 849

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