MSN published an article stating that dollar stores in the US are likely to see a sales and earnings boost from the Biden administration’s plan to hike food stamp benefits. With the additional $36, senior research fellow, Joseph Glauber stated that “you would expect they would buy more things like meat, fish, fruits, and vegetables because those are high-priced items that tend to be responsive to income changes.” Republished in U.S. News & World Report, Yahoo Finance, Yahoo News, Reuters, Yahoo Canada, Market Screener, Newsbreak, Fresh Plaza.com (Spain), and a dozen other major media outlets.
Analysis-Higher U.S. food benefits give legs to dollar stores’ fresh food push (MSN)
August 26, 2021