Consumer Business Update: McDonald’s Possible September, Dollar General Ponders Big Move
It’s now thought that McDonald’s Corporation’s (NYSE:MCD) September same-store sales performance for the month of September might be the year’s weakest if extrapolations over the first two weeks of the month are any indication. Though the 14-day trend might be alarming, some traders are questioning if such an estimate justifies slicing $2.5 billion from the company’s market cap.
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Dollar General Corporation (NYSE:DG) intends to meet the holiday shopping season head-on with an aggressive strategy to discount toy purchases in excess of $75 by 10 percent. In addition, Dollar General has recently been testing larger stores with the more well-known brands including electronics. Analysts and investors might well wonder if the company perceives a big box opportunity with Best Buy Co. (NYSE:BBY) and RadioShack Corporation (NYSE:RSH) currently pulling back?
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