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“The soft trends at Family Dollar and the tariff commentary gives us some pause,” Telsey Advisory Group’s Joseph Feldman said. Bigger rival Dollar General Corp (DG.N) also said it was closely monitoring trade talks between the United States and China for any potential impact. “We have long-standing relationships with many of our vendors, and we will continue to work closely with them to find ways to reduce costs,” CEO Todd Vasos said on a conference call. Dollar General executives did not elaborate on what measures the company would take to mitigate any impact.

The company also stuck to a plan for hefty investments in its store network, as it marginally increased its full-year outlook for sales, keeping its profit forecast intact for the second quarter in a row, sending its shares down 2 percent, “We view the lack of a bottom-line increase (in the forecast) as likely more aggressive plans by management to invest upside back in the business,” Oppenheimer green bay packers 3-piece cushion gift set cufflinks analyst Rupesh Parikh said, The company has been spending to open new stores, remodel existing ones and add more products to its shelves to better compete with Walmart Inc (WMT.N) and newer rivals such as German discounters Aldi and Lidl..

Dollar General reiterated its annual profit target of $5.95 to $6.15 per share, the mid point of which was slightly below the average estimate of $6.06, according to Thomson Reuters I/B/E/S. Dollar stores have taken a hit as shoppers spend more at big-box retailers such as Walmart and Target, with a strong job market and lower taxes putting more money in their hands. Excluding items, Dollar General earned $1.52 per share, beating analysts’ expectation of $1.49. Dollar Tree earned $1.15 per share, in line with expectations.

WASHINGTON (Reuters) - U.S, consumer spending increased solidly in July, suggesting strong economic growth early in the third quarter, while a measure of underlying inflation hit the Federal Reserve’s 2 percent target for the third time this year, green bay packers 3-piece cushion gift set cufflinks Other data on Thursday showed an increase in new applications for unemployment benefits last week, but the underlying trend continued to point to a robust labor market, There are, however, concerns the Trump administration’s protectionist trade policy, which has led to an escalating trade war with China and tit-for-tat import tariffs with other trading partners, including the European Union, Canada and Mexico, could hurt the economy..

“The trade war thunder on the horizon hasn’t moved closer to shore,” said Chris Rupkey, chief economist at MUFG in New York. “Consumers are doing their part to keep the economy’s engines running strong in the second half of the year.”. The Commerce Department said consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.4 percent last month after advancing by the same margin in June. Households spent more at restaurants and on accommodation last month.

There was also an increase in spending on prescription medication, Last month’s rise in green bay packers 3-piece cushion gift set cufflinks consumer spending was in line with economists’ expectations, Prices continued their gradual upward trend in July, The personal consumption expenditures (PCE) price index excluding the volatile food and energy components rose 0.2 percent after edging up 0.1 percent in June, That lifted the year-on-year increase in the so-called core PCE price index to 2.0 percent from 1.9 percent in June, The core PCE index is the Fed’s preferred inflation measure, It hit the U.S, central bank’s 2 percent inflation target in March for the first time since April 2012..

Minutes of the Fed’s July 31-Aug. 1 meeting published last week showed some policymakers worried that “a prolonged period in which the economy operated beyond potential could give rise to inflationary pressures.”. Given strong domestic demand and a tightening labor market, inflation could rise further, likely keeping the Fed on track to increase interest rates for a third time this year in September. Import duties, which have boosted prices for raw materials such as steel, lumber and aluminum, are seen fanning inflation.

“Inflation pressures should intensify in coming quarters,” said Ryan Sweet, a senior economist at Moody’s Analytics in West Chester, Pennsylvania, “Therefore, the Fed is going to continue to raise rates once green bay packers 3-piece cushion gift set cufflinks per quarter through the remainder of this year and into next.”, The dollar .DXY was trading marginally higher against a basket of currencies, while U.S, Treasury yields dropped, Stocks on Wall Street were mostly lower amid lingering concerns over trade tensions between the United States and China..



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