Dollar General Acquires Dollar Express Chain
GOODLETTSVILLE, TN – Dollar General is looking to significantly expand its U.S. footprint this year, with a new acquisition to boost its numbers. The discount chain will be scooping up another low-priced banner, Dollar Express.
Based in Charlotte, NC, Dollar Express boasts 323 locations throughout 36 states. According to the Charlotte Observer, the chain was formerly of the Family Dollar name before being bought in 2015 by private equity firm Sycamore Partners. The stores were initially sold by Family Dollar parent Dollar Tree as part of a foray into the new Dollar Express concept.
All of the stores purchased will be rebranded as Dollar General locations. Though the retailer reportedly confirmed its plans for acquisition yesterday, there has been no confirmation as of yet of the particular plans or layout each location will boast.
Employees of Dollar Express, who asked to remain anonymous, told the Charlotte Observer that Dollar General had no plans to retain its current workforce which could potentially put 2,700 part- and full-time employees out of work. There is no word yet as to whether Dollar Express’ 100 corporate positions will be kept by Dollar General.
Dollar General was most recently making headlines with its announced investment into fresh groceries. As the company intends to remodel a large number stores to include more cooler capabilities, and test some stores to begin carrying produce, it is unclear whether these newly acquired stores will be part of Dollar General’s previously announced plans.
What kind of moves will Dollar General make next into the realms of fresh? AndNowUKnow will keep you updated as the news unfolds.