The discount retailer Dollar General Corporation (NYSE: DG) announced a proactive real estate agenda involving new and renovated stores.
The Goodlettsville, Tennessee-headquartered company is planning to open 575 new stores across the US and 15 in Mexico in 2025. Also being planned is the full remodeling of 2,000 stores, renovations at another 2,250 outlets and the relocation of 45 stores.
“Looking ahead, we are excited about our robust real estate plans for 2025,” said CEO Todd Vasos. “We believe our balance of new store growth and a significantly increased number of projects impacting our mature store base will further solidify Dollar General as an essential partner to communities in rural America, while strengthening our foundation to drive long-term sustainable growth and shareholder value.”
The company’s real estate plans were previewed in its third quarter earnings report. Dollar General recorded $10.2 billion in net sales, a 5% year-over-year increase, while same-store sales increased 1.3%.
“We are pleased with our team’s execution in the third quarter, particularly in light of multiple hurricanes that impacted our business,” said Vasos. “We are proud of the way our team responded to serve our communities, demonstrating the commitment and dedication to fulfilling our mission of ‘Serving Others’ that is pervasive throughout our organization.”
DG continues stealing from the communities it builds in and makes money off of. DG is known for pricing products lower than what is rung up at the register. When they get fined for breaking the law, they just pay the fine, because they make more money off of charging more than what they advertise. There are investigations into their business practices and this is what has been discovered, and they just keep doing it. They are pushing our local businesses with advertising lower prices than what are actually being paid. We need to boycott this business!
Geez, Jennifer, I suppose you could look at price on shelf and check receipt before you leave store. Problem solved.