Shelly Banjo, Columnist

Walmart Strikes Back at Dollar Stores

The original discount king thrives in a race to the bottom.

August 25, 2016 at 7:00 PM UTC

Shelly Banjo leads the global business team for Bloomberg News in New York. A former New York bureau chief and senior tech writer, she’s covered business, finance and economics for two decades.

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Looks like Wal-Mart is finally coming after Dollar General -- and it seems to be working.

Shares of America's two largest dollar store chains tumbled Thursday after both reported quarterly sales that fell short of Wall Street estimates. One, Dollar Tree, also cut its sales forecast for the year. Both companies mentioned increased competition and deflation. Dollar General suffered from that sadly common retailer affliction, "unseasonably mild spring weather."