-
Dollar General plans for 1,000 stores, 2 DCs this year
GOODLETTSVILLE, Tenn. — Dollar General isn’t boasting when it calls itself one of America’s fastest-growing retailers.The extreme-value discounter will open 1,000 stores and two distribution centers in 2017, resulting in the creation of approximately 10,000 new jobs. The announcement comes as Dollar General is testing a new, smaller-store format under a new banner.Food-stamp cuts contribute to Dollar General’s woes in Q3
Reductions in food-stamp benefits and falling grocery prices took a toll on Dollar General Corp.’s third-quarter performance which came in below expectations and included an unexpected drop in same-store sales.
The company reported a profit of $235 million, or $0.84 per diluted share, in the quarter, compared to net income of $253 million, or $0.86 per diluted share, in the year ago period. Its profit included a charge of about 5 cents per share for store relocation costs and disaster-related expenses.
XThis ad will auto-close in 10 seconds