Dollar General Dreams Big With 2,000-Store Growth Plan
A dollar and a dream might buy you a lottery ticket to riches, but Dollar General (NYSE: DG) is taking a different path to financial glory. The deep discount retailer unveiled a 2,000 store growth plan for next year that will see 900 new stores opened, 1,000 renovated, and 100 relocated.
The dollar store concept is one of the few retail concepts that's working. Where most retailers are trying to reduce their footprint, the leading dollar chains are expanding. Through the first three quarters of 2017, Dollar General opened over 1,000 new locations and remodeled or relocated more than 700 others, giving it a total of 14,321 stores in operation.
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Source: Fool.com