Improving Economy Continues to Boost Sales for Wal-Mart Stores, Inc. and Dollar General Corp.
The Paragon Report Provides Stock Research on Wal-Mart Stores, Inc. and Dollar General Corp.
NEW YORK, NY -- (Marketwire) -- 04/05/12 -- The improving labor market in the U.S. has seen unemployment rates drop drastically over the past few months, giving a much needed to boost to household incomes across the nation. With an improving confidence in the economy Americans have increased their spending. The Paragon Report examines the outlook for companies in the Discount, Variety Stores Industry and provides investment research on Wal-Mart Stores, Inc. (NYSE: WMT) and Dollar General Corp. (NYSE: DG).
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"The economy is beginning to pick up a little steam," Mark Lemond, president and CEO of Shoe Carnival Inc., said in a recent conference call. "When the customer has money in their pocket, they're definitely willing to spend it. This bodes well for the rest of 2012 and beyond."
Retailers are expected to report strong sales for March. "I think it will be a very solid showing, and a continuation of the strong trend we saw in February," said Perkins, president of Retail Metrics. "We would expect to see some upside surprise for the majority of retailers, given the strength we saw in the stores."
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Wal-Mart Stores, Inc. announced that it has approved an annual dividend of $1.59 per share, approximately a 9% increase from the $1.46 per share paid during fiscal year 2012.
Dollar General Corporation recently announced the pricing of an underwritten secondary public offering of 25.0 million common shares at a price to the public of $45.25 per share. The shares are being sold by certain existing shareholders. No shares are being sold by the Company in this offering, and it will not receive any proceeds from the offering.
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