Dollar General Cuts Grocery Prices; Follows Lead Of Other Big Retailers

Seeking to boost sales growth, Dollar General said it is cutting prices on hundreds of items across 2,000 stores. Dollar General's move comes after leading retailers Kroger, Trader Joe's, and Walmart had also announced similar price-cutting moves driven by growing competition. Kroger announced lower prices for 1,000 popular grocery items in 120 of the company's stores, while Trader Joe's cut prices without much fanfare. Walmart's price cuts are in line with the retailer's investment launched in the first quarter of 2016. German discount retailer Aldi plans to add 500 new stores to its current 1,500 store count in the US.