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Even dollar stores are getting slammed by the retail theft crisis.

Dollar Generals shares tanked Thursday after the discounter provided a bleak outlook for the rest of the year because of rising thefts and weak consumer demand at its 19,000 stores nationwide.

The Tennessee-based company warned Wall Street that profits may plunge by as much as 34% compared to its previous forecast for an 8% decline to flat growth as cut its full-year profit and sales targets for the second time this year.

“Our revised guide is really a function of the slower transactions that we’re seeing, and higher expected shrink,” Dollar General CFO Kelly Dilts said on a call with analysts after the company reported quarterly earnings that fell short of Wall Street estimates.

The reference to “shrink” — an industry term for stolen or damaged goods — follows a troubling trend cited by other major retailers who have blamed the scourge of organized retail theft for impacting their bottom line.

Target has said it expects to lose $500 million because of theft at its stores.

Dollar Tree said in May that it would need to raise prices in some regions because of persistent shoplifting.

Dollar General’s gross profit as a percentage of net sales fell 126 basis points in the quarter as retail shrink worsened. It flagged $100 million in additional shrink headwinds since its last earnings call in June.

CEO Jeff Owen did not elaborate on the extent of the theft, instead pointing to still-stubborn inflation for shoppers feeling “financially constrained.

Dollar Generals core customers are feeling the acute pressure of the cost-of-living-crisis, echoed Neil Saunders, retail analyst and managing director at GlobalData, in a report Thursday. 

Dollar General lowered its same store sales guidance to a decline of about 1% and 1% increase compared to its previous forecast of a 1% to 2% increase.

The companys comparable sales dropped by 1% in the second quarter ended Aug. 4 and the company expects a pileup of inventory to be a drag on its earnings for the rest of the year as it slashes prices on items that havent been selling.

The quarter “marks the fourth consecutive guide down for Dollar General, which admittedly creates further uncertainty if we are hitting the bottom yet,” said Raymond James analyst Bobby Griffin.

The stock nosedived down more than 12% Thursday to close at $138.59.

It has tracked a nearly three-and-a-half-year low, slumping as much as 18.2% to hit $128.96 — making it one of the worst performers on the S&P 500 index this year.

As inflation continued to batter shoppers this year, more customers flocked to Dollar General and its rival Dollar Tree among other big discounters.

But food and other essential items are less profitable for those stores as profit margins on food are anemic.

While we are not satisfied with our overall financial results, we made significant progress in the second quarter improving execution in our supply chain and our stores, as well as reducing our inventory growth rate and further strengthening our price position, Owen said in a statement. 

With Post wires

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Army vs. Navy (Dec 13, 2025) Live Score – ESPN

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Source: Michigan begins query into athletic department

The University of Michigan has commissioned an investigation into its athletic department, centering on how numerous scandals have both occurred and been handled in recent years, a source told ESPN.

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Source: U-M launches athletic department query

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Source: U-M launches athletic department query

The University of Michigan has commissioned a full investigation into the practices and culture of its athletic department, centering on how numerous scandals have both occurred and been handled in recent years, a source told ESPN.

The firing of football coach Sherrone Moore this week will be a particular focus.

The investigation will be handled by Jenner & Block, a Chicago-based law firm that has done business with the school in recent years, including conducting the investigation into whether Moore had an inappropriate relationship with a staff member.

The Detroit News first reported the authorization of the investigation.

The firm opened an inquiry earlier this fall about the conduct of Moore and a staff member after the university received an anonymous tip, multiple sources told ESPN. Both Moore and the staff member denied the relationship and not enough evidence emerged to confirm it.

That changed Wednesday when, according to prosecutors in Washtenaw County, Michigan, the staff member told investigators it did occur and presented corroborating evidence. The staff member had, on Monday, broken off the multiyear relationship, according to prosecutors, but became concerned when Moore sent a flurry of texts and calls that were unreturned.

The university promptly fired Moore on Wednesday for the relationship. Soon after, Moore went to the staff member’s apartment just outside Ann Arbor and, according to prosecutors, barged in, grabbed kitchen scissors and some butter knives. He then threatened to kill himself.

“I’m going to kill myself,” Moore said, according to first assistant prosecutor Kati Rezmierski. “I’m going to make you watch. My blood is on your hands. You ruined my life.”

Moore, a married father of three, was charged Friday on three counts, including felony home invasion and misdemeanor charges of stalking in a domestic relationship and breaking and entering. Moore pleaded not guilty, and a probable cause hearing was set for Jan. 22, 2026.

Friday evening, after spending two nights in jail, Moore was released on a $25,000 bond with a GPS monitoring system and an order to receive counseling.

This is the latest in a series of scandals that have hit both the athletic department and the university as a whole. It includes a federal indictment in March of former offensive coordinator Matt Weiss, who is facing 24 charges of unauthorized access to computers and aggravated identity theft.

Prosecutors from the Eastern District of Michigan allege that Weiss ran a vast, multiyear effort to access the personal accounts of thousands of NCAA student-athletes across the country. He is charged with targeting specific female athletes to access personal and intimate photographs and videos.

Some of the alleged crimes, the feds say, occurred while Weiss was working inside the school’s football facility, Schembechler Hall from 2021 to 2022, and during a previous stint with the NFL’s Baltimore Ravens.

There have been additional run-ins with the NCAA rules, including the high-profile 2023 advanced scouting operation centered around former football staffer Connor Stalions. The NCAA hit the program with four years of probation and a fine that could reach over $30 million.

Former football coach Jim Harbaugh was sanctioned with numerous suspensions in his final years at the school for both the advanced scouting situation and recruiting violation. Harbaugh left to become the head coach of the Los Angeles Chargers in January 2024. Moore, who was promoted from offensive coordinator to succeed Harbaugh, has also twice been suspended by the NCAA. He still owes a one-game penalty, which was to be served in 2026, for deleting a thread of text messages sent to Stalions.

The series of scandals have put a spotlight on athletic department as a whole, including on director Warde Manuel, an alum and former player for the Bo Schembechler-led Wolverines of the late 1980s. Manuel has been on the job since 2016.

A high-level meeting of university officials was held Thursday evening, sources told ESPN, leading to intense speculation about Manuel’s future, but he remains on the job. The university would owe Manuel, 57, who signed a new five-year contract in December 2024, about $6.75 million if it dismissed him without cause.

On Thursday, interim university president Domenico Grasso, in a letter to the campus community, asked anyone with knowledge of the Moore situation to provide it via a confidential reporting system.

“Together, we will move forward with integrity and excellence, and reaffirm our dedication to serving the public good,” Grasso wrote.

Despite all of the tumult, the Wolverines’ athletic department is mostly thriving in competition, including the football program winning the 2023 national title. Currently both the men’s and women’s basketball teams are ranked in the top six nationally. Hockey is No. 1.

Meanwhile, the university has consistently set institutional records for the undergraduate application numbers in recent years, hitting 98,310 for the incoming freshman class this year, per federal filings from the university. That is up from 79,743 for 2022, an 18.9% jump in just three years.

Jenner & Block has a long-standing relationship with the university, including, in 2022, investigating an inappropriate relationship between then school president Mark Schlissel and a university employee that led to Schlissel’s removal from office.

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Blackhawks recall Lardis following Bedard injury

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Blackhawks recall Lardis following Bedard injury

CHICAGO — The Chicago Blackhawks have recalled high-scoring forward Nick Lardis from the minors a day after Connor Bedard got hurt in the final seconds of a loss at St. Louis.

Lardis, 20, could make his NHL debut as soon as Saturday night against Detroit. He had 13 goals and 13 assists in 24 games with Rockford of the American Hockey League.

“He’s a guy who’s scored a lot of goals throughout his young career, going back to junior,” coach Jeff Blashill said, “and he’s had a pretty good start to his American league. I know for sure Connor’s not playing tonight, so we just felt like it gives us another potential offensive guy that can come in and provide some scoring punch.”

Blashill had no update on Bedard, who leads the team with 19 goals and 25 assists in 31 games.

With 0.8 seconds left in Friday night’s 3-2 loss at St. Louis, Bedard attempted to win a draw to give Chicago one last chance, but he was knocked down by Blues center Brayden Schenn. He grasped at his right shoulder and immediately headed to the locker room, accompanied by a trainer.

Any significant injury for Bedard would be a major blow for Chicago. It also could take the 20-year-old center out of the running for Canada’s roster for the 2026 Winter Olympics.

“We’ll know more in the next couple days,” Blashill said. “I just don’t want to say stuff that’s not super accurate, so I don’t see any reason to guess.”

Lardis was selected by Chicago in the third round of the 2023 draft. He had 71 goals and 46 assists in 65 games last season with Brantford in the Ontario Hockey League.

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