During tough times, people are trading down, opting for local vacations and cheaper dining. McDonald’s and Dollar General reported a shift in consumer behavior, with lower-income customers reducing visits while higher-income consumers increased traffic. Dollar General also attracted middle- and higher-income customers, showing increased spending. Dollar Tree faced challenges, closing 1,000 stores, mostly Family Dollar locations. Dollar Tree’s new owners plan to close more stores. Despite this, Dollar Tree’s sales rose, with CEO Michael Creedon highlighting growth and relevance. Analysts praised Dollar Tree’s multi-price strategy and divestiture of Family Dollar.

Read more at Yahoo Finance: Discount retail chain has closed nearly 700 stores