Discount retailer plans nearly 1K new stores

Dollar General plans to open 975 stores in 2019.

A strong quarter three earnings report showed an 8.7 percent increase in net sales thanks to new stores and same-store sales growth. The company that saw same-store sales increase 2.8 percent has been expanding in recent years as discount concepts continue to remain popular.

The off-price concepts became a staple for consumers during the Great Recession and many never stopped shopping the cheaper stores when the economy recovered. The stores are especially common in rural communities where other grocery and general merchandise providers are several miles from smaller towns.

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Dollar General also plans to remodel 1,000 stores and relocate another 100 stores.

“We remain very excited about our future real estate growth opportunities,” said Todd Vasos, Dollar General’s CEO. “We believe our ongoing investment in high-return real estate projects, along with our strategic initiatives, will not only continue to drive long-term shareholder value, but will also allow us to further enhance our ability to serve our communities and our customers.”


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