Dollar General is Opening 1,000 New Stores Next Year
NEW YORK, NY - Dollar General is going all in on expansion in 2020. It initiated expansion of its fresh produce offerings and distribution back in July, and we reported in September that the company planned to construct new stores in Washington and Wyoming, upping its national presence to 46 states. After a quarterly financial report was released yesterday, we learned that Dollar General now plans to open a total of 1,000 stores next year. Following several years of aggressive growth strategies for the company, 2020 is shaping up to be an exciting year.
With over 16,000 stores and counting, Dollar General has positioned itself as tough competition for big-name retailers across the industry. The report stated that stores that have been open for at least a year experienced increased sales this quarter, touting 4.6 percent growth in the same period last year. Over the last two years, its stock has climbed by 50 percent, and this year alone, profits increased by 11 percent. This growth is likely due to the company’s movement into new cities while maintaining growth in previously established regions.
To read the company’s financial report in full, click here. Only time will tell how Dollar General will continue on such a successful trajectory. To read the latest updates in the retail sector, stick with us at AndNowUKnow.