Dollar General Corp reined in its full-year sales forecast on Thursday and said it remained committed to buying Family Dollar Stores Inc, which would solidify its place as the No. 1 U.S. discount retailer.Dollar General will lose its top position if it fails to upend a merger agreement between Family Dollar and Dollar Tree Inc.Dollar stores are facing increasing competition from small-format stores opened by big-box retailers like Wal-Mart Stores Inc and online retailers such as Amazon.com Inc .Dollar General took its $80-per-share bid for Family Dollar directly to shareholders in September. Family Dollar shareholders are scheduled to vote this month on Dollar Tree's $74.50-per-share offer.
Amazon.com, Inc. (Amazon.com) serves consumers through its retail websites and focus on selection, price, and convenience. Shares of AMZN traded higher by 0.15% or $0.46/share to $316.96. In the past year, the shares have traded as low as $284.00 and as high as $408.06. On average, 4017920 shares of AMZN exchange hands on a given day and today's volume is recorded at 691633.
Dollar General Corporation is a discount retailer in the United States by number of stores, with 9,961 stores located in 39 states as of March 2, 2012, primarily in the southern, southwestern, midwestern and eastern United States. Shares of DG fell by 0.85% or $-0.57/share to $66.12. In the past year, the shares have traded as low as $53.00 and as high as $67.95. On average, 3928550 shares of DG exchange hands on a given day and today's volume is recorded at 861737.
Dollar Tree, Inc. (Dollar Tree) is an operator of discount variety stores offering merchandise at the fixed price. Shares of DLTR fell by 0.03% or $-0.02/share to $69.18. In the past year, the shares have traded as low as $49.59 and as high as $69.50. On average, 2441980 shares of DLTR exchange hands on a given day and today's volume is recorded at 119768.
Family Dollar Stores, Inc. (Family Dollar) operates a chain of more than 7,900 general merchandise retail discount stores in 46 states, providing consumers with a selection of merchandise in neighborhood stores. Shares of FDO fell by 0.05% or $-0.04/share to $79.44. In the past year, the shares have traded as low as $55.64 and as high as $80.97. On average, 1252380 shares of FDO exchange hands on a given day and today's volume is recorded at 153632.
Wal-Mart Stores, Inc. (Walmart) operates retail and other stores in various formats, including membership clubs. Shares of WMT fell by 1.04% or $-0.88/share to $84.06. In the past year, the shares have traded as low as $72.27 and as high as $88.09. On average, 7342980 shares of WMT exchange hands on a given day and today's volume is recorded at 796209.
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