Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Dollar General will open 975 stores this year

Dollar General will open 975 stores this year

The company announced on Thursday it will open 975 new stores in the US this year. Dollar General will redesign another 1,000 older stores with new queue lines to manage last minute impulse purchases. It will also beautify its health and beauty sections

Dollar General has been growing for years in rural areas of America. They found 900 stores in 2018 and 1315 years earlier. It has more than 15,300 stores across the country and sales have increased for 29 years.
mainly serves low and middle-income customers in rural and suburban areas. This helps him stand out against suburban chains such as Dollar Tree (19459007) DLTR ) and Family Dollar, which focuses on urban clients. The family dollar struggles in recent years and will close nearly 400 stores this year.

Dollar General seems to build shops in rural areas where a large retailer or grocery store is not within 1

5 or 20 miles. This gives the company close proximity to buyers and makes shopping more frequent. The company claims that 75% of its locations are in cities with 20,000 people or less.

The uneven economic recovery in the United States has strengthened the US dollar in recent years. Our main client continues to struggle, "Todd Vassos, CEO of the dollar, told analysts last year, while Dollar General's sales in stores open for at least one year increased 4% in the fourth quarter compared to a year The US government's closure helped sell the dollar because the agriculture ministry earlier gave its SNAP benefits, the company said. (19659008) In 2019, Dollar General plans to focus on selling more food and fresh food, adding product sections and refrigerators to hundreds of stores

Dollar General said supply of fruit and vegetables in rural and urban food deserts could "lead to a huge amount of traffic."

The strategy can also help the dollar compete with its bigger competitors like Walmart [19599007] WMT and to repel the threat of the German food chains Aldi and Lidl. Aldie has poured billions of dollars into new stores with fresh food sections. Lidl has acquired several dozen food stores for the best market in New York and New Jersey last month.

Correction: An earlier version of this article has erred the number of Dollar General stores in the United States
Source link