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This Retailer Is Doing So Well It's Opening Hundreds Of New Stores For The Fourth Straight Year
Business Insider ^ | 01/05/2012 | Kim Bashin

Posted on 01/05/2012 7:04:09 AM PST by SeekAndFind

Dollar stores are booming in a struggling economy, and one of the big boys of the industry is doing so well it's planning another period of explosive growth, reports Gail Hoffer and Drug Store News.

It will open 625 stores and hire around 6,000 employees over the course of 2012. The discount chain already has about 9,800 stores spread across 38 states, and it's revamping 550 of those existing outlets, while building a new distribution center.

Dollar General has adopted an aggressive growth strategy since the start of the recession. This marks the fourth straight year it has opened hundreds of new locations, and the chain has created more than 21,000 jobs since 2009.

It's not all about the economy though. Dollar General had to be smart in its expansion strategy too -- after all, Walmart is its biggest competitor, and the world's largest retailer has had similar success recently.

It thrives on hitting markets that Walmart hasn't taken over, such as small towns that can't support one of Walmart's massive big box stores. It also competes with the other big dollar store chains, like Family Dollar. The hybrid concept -- somewhere between a giant discounter and a small dollar store -- has worked admirably.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Society
KEYWORDS: dollarstore; retailer

1 posted on 01/05/2012 7:04:12 AM PST by SeekAndFind
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To: SeekAndFind

Like I tell my kids.... This ain’t no dollar major... and this ain’t no dollar colonel... this is the Dollar GENERAL..


2 posted on 01/05/2012 7:11:05 AM PST by joe fonebone (Project Gunwalker, this will make watergate look like the warm up band......)
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To: SeekAndFind

Dollar General isn’t a dollar store.


3 posted on 01/05/2012 7:12:08 AM PST by Netizen (Path to citizenship = Scamnesty. If you give it away, more will come. Who's pilfering your wallet?)
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To: SeekAndFind

My town of 14k has 2 Dollar Generals and 1 Family Dollar that compete with the Walmart Supercenter.

Family Dollar actually has some of the lowest prices. Walmart has some of the highest prices for the exact same items.


4 posted on 01/05/2012 7:13:12 AM PST by TomGuy
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To: Netizen

You got that right.

With the way Zero is going, it won’t be long and true dollar stores will become 2 dollar stores.


5 posted on 01/05/2012 7:13:54 AM PST by cableguymn
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To: SeekAndFind

Who really owns these stores?


6 posted on 01/05/2012 7:14:49 AM PST by TribalPrincess2U (NOT VOTING gets 0bamao re-elected.)
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To: TomGuy
If you look at the Dollar Stores, at least local to me, most of the products are 100% American Made.

My mother pointed that out to me. I was surprised.

Additionally, the things that she gets at the Dollar Store are of a smaller size. More tailored to a two-person household. For instance, she and dad don't NEED to get a 30-pack of toilet paper. The $1 store size is just fine.

7 posted on 01/05/2012 7:16:11 AM PST by wbill
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To: TribalPrincess2U

RE: Who really owns these stores?

__________________________

Will this site help?

http://stockzoa.com/ticker/dg/


8 posted on 01/05/2012 7:18:10 AM PST by SeekAndFind
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To: TribalPrincess2U

Evil capitalists.


9 posted on 01/05/2012 7:18:51 AM PST by ibytoohi
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To: TribalPrincess2U
Who really owns these stores?

Well, me. Likely you too, if you have a 401k. Several of them (Dollar General? Family Dollar?) are publicly traded and fairly widely held.

10 posted on 01/05/2012 7:19:06 AM PST by wbill
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To: TribalPrincess2U
Looks like institutional investors. Click here for some quick info :-)
11 posted on 01/05/2012 7:19:58 AM PST by mewzilla (Santelli 2012)
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To: SeekAndFind

These stores are small-town fixtures all throughout the South. My little hometown of 1300 people had one back in the ‘70s (plus a Ben Franklin five-and-dime) when I was a kid and now I think it has two.

}:-)4


12 posted on 01/05/2012 7:19:58 AM PST by Moose4 ("Oderint dum metuant" -- "Let them hate, as long as they fear." (Lucius Accius, c. 130 BC))
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To: joe fonebone

Yup. We have one in our little town and I love it. Their Clover Valley line of stuff is pretty good and the dog biscuits are made in the U S of A.


13 posted on 01/05/2012 7:22:04 AM PST by kickonly88 (I love fossil fuel!)
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To: SeekAndFind
I like the dollar stores that carry the high end breads like Nature's Own, Roman Meal, etc. for $1. I go in and load up.

I confess I buy the cheapazz sunglasses too, $3 polarized. I like the looks of $200 sunglasses but I can only afford to misplace the $3 ones... :^(

14 posted on 01/05/2012 7:27:40 AM PST by AnTiw1
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To: SeekAndFind

15 posted on 01/05/2012 7:29:50 AM PST by dfwgator
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To: SeekAndFind

I like Family Dollar SOOO much better than Dollar General. Dollar General seems a little trashier.


16 posted on 01/05/2012 7:31:40 AM PST by smalltownslick
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To: TomGuy

Right. There are some things I need that I will only buy at a Dollar store


17 posted on 01/05/2012 7:33:20 AM PST by SMARTY ("The man who has no inner-life is a slave to his surroundings. "Henri Frederic Amiel)
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To: SeekAndFind

Only thing Dollar General doesn’t have is fresh produce - which means that Michelle is going to crack down on ‘em.


18 posted on 01/05/2012 7:34:20 AM PST by Little Ray (FOR the best Conservative in the Primary; AGAINST Obama in the General.)
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To: SeekAndFind

Be careful what you buy in these places. Stuff like toothpaste can be Chinese knock-offs that WILL get you sick.


19 posted on 01/05/2012 7:40:55 AM PST by Peter from Rutland
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To: SeekAndFind

Welcome to the Obama economy where the only economic growth is in dollar stores and pawn shops.


20 posted on 01/05/2012 7:44:55 AM PST by The Great RJ ("The problem with socialism is that pretty soon you run out of other people's money" M. Thatcher)
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To: SeekAndFind
It thrives on hitting markets that Walmart hasn't taken over, such as small towns that can't support one of Walmart's massive big box stores.

It actually does well in towns that support Walmarts as well. Our town had the biggest Walmart in the world (in terms of floorspace) when it opened about 6 years ago. I don't think it does anymore. But we generally avoid it. You will park at least a quarter mile away, spend a half hour or so walking around the store to pick-up what you need and another 20 minutes or so waiting in line to pay for it.

Slide into the local Dollar General, and you are generally in and out in 20 minutes, including the walk from and to your parking spot.

Yeah, you trade selection for convenience, but some things (like OTC drugs) are actually cheaper at Dollar General or Big Lots, one of our other favored Wal-Mart alternatives.

21 posted on 01/05/2012 7:48:14 AM PST by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: SeekAndFind

I confess to being a 99 Cent Store fan. In California at least it is the very best place to buy reading glasses and sunglasses. I lose them at about a pair per month rate so those fancy, expensive and stylish glasses are not for me.

A buck a pair for the ones that sell at Walgreens for $15.

So I just buy them 10 at a time, scatter them around the house and the cars and I can always find a pair of reading glasses somewhere.


22 posted on 01/05/2012 7:52:57 AM PST by InterceptPoint (TIN)
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To: SeekAndFind

Another Obama-era growth industry is the sub-prime money services industry. Pay-day loans, title loans, buy here pay here car dealerships, check cashing etc.

This industry was already growing, but has been put into hyper-growth mode by Dodd-Frank. This legislation makes it impossible for some to get checking accounts or credit from banks.

This is the industry Obama seems in a hurry to attack through his recent (non) recess appointment. It’s my bet that it will be one massive shakedown for protection money-I mean-campaign donations.

It’s all about getting re-elected.


23 posted on 01/05/2012 7:54:38 AM PST by wayoverontheright
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To: The Great RJ

Not so. These stores are thriving because they have a good business model: attractive prices on daily-use merchandise located close to home. There is no reason to demean a company that is being successful by providing a needed product at good prices, instead we should learn from them and do more of it. This is called good marketing and good business.


24 posted on 01/05/2012 7:57:06 AM PST by bigbob
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To: Netizen

No, ours isn’t either. The prices are on par with WalMart. I dog in occasionally, but don’t buy anything.


25 posted on 01/05/2012 7:59:29 AM PST by Millicent_Hornswaggle (Retired US Marine wife)
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To: wbill

I remember the day when the type of items you find at the dollar Store were made in Japan or China, and were considered cheaply made. All other items and manufactured goods were made in the USA.

Talk about a reverse of fortunes!


26 posted on 01/05/2012 8:00:42 AM PST by Yulee (Village of Albion)
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To: SeekAndFind

Does Dollar General take coupons?


27 posted on 01/05/2012 8:10:43 AM PST by RedWhiteBlue (Mama tried)
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To: Little Ray
Only thing Dollar General doesn’t have is fresh produce

Oh, no! You mean they're. . . food deserts?!

28 posted on 01/05/2012 8:11:21 AM PST by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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To: SeekAndFind

Dollar General and Wal Mart are not really that similar.

DG is arguably cheaper. and WallyWorld has way more stuff.

They rarely own their stores, they lease them on long triple nets.

Here in the mid south they will pay lease based on around 8.00 cap rate and up per month on a 20 year lease...not bad and steady

if you have the land where they need a store, you can take that lease to any bank to fund the building cost

I have a buddy who lives off his 3-4 store’s leases

Well run outfit...I don’t think the local Turner family runs it anymore.


29 posted on 01/05/2012 8:17:20 AM PST by wardaddy (Michelle, Sarah, Perry now Newt over Mitt...now Santorum?......Capt Trips could not say it better)
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To: SeekAndFind

Good, we can buy even more Chinese made stuff.


30 posted on 01/05/2012 8:21:02 AM PST by Lorianne
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To: SeekAndFind

Dollar General saved my bacon this Christmas. I didn’t have a lot of money to spend on my 6 grandkids for gifts, so I shopped at Dollar General and saved a ton of money! I even found something for my oldest granddaughter who is 12 and not interested in toys any longer. I like shopping there.


31 posted on 01/05/2012 8:26:38 AM PST by murron (Proud Mom of a Marine Vet)
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To: Lorianne

RE: Good, we can buy even more Chinese made stuff.

Read an observation made by a Dollar General Shopper in Post #7 of this thread (above).


32 posted on 01/05/2012 8:41:40 AM PST by SeekAndFind
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To: SeekAndFind

Interesting.

I just drove by a construction site and saw a sign which indicated a dollar store was under construction. I never can tell which type of dollar store from another but it probably is a dollar general.

Now that I think about it, a dollar is probably worth about the same as a dime was when dime stores became popular.


33 posted on 01/05/2012 8:45:16 AM PST by yarddog
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To: SeekAndFind

Huh? Dollar General and Family Dollar are not dollar stores. They’re merely mini Walmarts with prices far and above $1.


34 posted on 01/05/2012 9:00:42 AM PST by bgill (The Obama administration is staging a coup. Wake up, America, before it's too late.)
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To: wbill
she and dad don't NEED to get a 30-pack of toilet paper

They will when it hits the fan. Ever heard of prepping? TP doesn't expire and people use it every day.

35 posted on 01/05/2012 9:02:33 AM PST by bgill (The Obama administration is staging a coup. Wake up, America, before it's too late.)
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To: SeekAndFind

I always like to check out the DVDs at Family Dollar. The selection is incredibly random, but often fun. Yeah sure Shaft in Africa is terrible, but for $6 total you get all 3 what the heck. That’s the kind of sentence they make me say a lot, usually to the tune of $20 or so.


36 posted on 01/05/2012 9:05:34 AM PST by discostu (How Will I Laugh Tomorrow When I Can't Even Smile Today)
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To: Millicent_Hornswaggle

I rarely go into ours and when I do they don’t have what I went in there for. At one time they only took cash and not cards or checks. I don’t know if that’s changed but when you don’t carry cash, you don’t bother shopping there.


37 posted on 01/05/2012 9:07:18 AM PST by bgill (The Obama administration is staging a coup. Wake up, America, before it's too late.)
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To: Vigilanteman

Here in Norfolk we had a Wal-Mart open up a couple of years ago right next to a K-Mart. Everybody expected for the K-Mart to close. Instead, it gets good business. People go to K-Mart to escape the Wal-Mart Zoo.

And according to the local news, it’s NOT on the Sears/K-Mart closure list.


38 posted on 01/05/2012 9:19:53 AM PST by fredhead (Vegetarian - Old Indian word for poor hunter.)
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To: bgill
Mom and Dad are not preppers. They have more-or-less the same opinion that I do - be prepared for the most likely event. In our case, that's probably a hurricane or a tornado. In the winter, it's an ice storm.

Otherwise, it's better to be smart, and mobile. 2 years' worth of dried food and toilet paper doesn't do you much good if it's underwater.

That's just my opinion, and you're absolutely welcome to agree or disagree. I don't mock people for being prepared, I only mock those (and there are plenty on FR) who feverently wish and hope for the end of the world, just so that they can use their caches of stuff. The "Come and Get Some" Armchair Warriors who "have plenty of lead, and aren't afraid to use it". Whatever. Better to be quiet, smart and mobile, than to make a target out of yourself by loudly beating your chest.

Personally, I buy TP (and other stuff) in big bulk packs because I'm cheap. :-) I make sure that - especially during hurricane season - there's plenty of bottled water, meds, and so on in the house. At any one point in time, there's probably a month or so of food in the house (again, more during ice storm / hurricane season). And so on. Nothing that I can't fit, quickly and easily, in the truck if things go south and I need to bug out. Does that make me a prepper? Or an anti-prepper? Who knows, but it works for me.

39 posted on 01/05/2012 9:23:39 AM PST by wbill
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To: The Great RJ
Welcome to the Obama economy where the only economic growth is in dollar stores and pawn shops.

I'm seeing "Sweepstakes" storefronts and internet cafes opening in strip mall vacancies all over northeast Florida. I'm assuming these are both fronts for gambling operations.

40 posted on 01/05/2012 9:27:06 AM PST by Drew68
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To: SeekAndFind

I was going to guess “Five Guys”.


41 posted on 01/05/2012 9:28:58 AM PST by MinorityRepublican
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To: murron

I have 7 grandchildren under age 10. it’s a great place for stocking stuffers and Easter basket fillers. Two of the boys are big fans of the Superheroes and I can find all sorts of Batman, Spiderman and Superman books, puzzles etc.


42 posted on 01/05/2012 9:52:46 AM PST by surrey
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To: wbill
Better to be quiet, smart and mobile, than to make a target out of yourself by loudly beating your chest.

Words of wisdom.

43 posted on 01/05/2012 10:02:37 AM PST by Oatka (This is America. Assimilate or evaporate.)
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To: ibytoohi

LOL!!


44 posted on 01/05/2012 10:12:23 AM PST by Osage Orange (HE HATE ME)
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To: SeekAndFind

Here in Kentucky we have a lot of Dollar General Stores and more under construction. I am always happy to see them open a new location because when you go to a Dollar General you see the size of the store when you pull into the parking lot they are pretty small. Then when you go inside you are always surprised at the huge selection of items available. They are building in areas considered too small to support a Wal-Mart slowly but surely taking sales from Wal-Mart. Here is the best part of all this what can Wal-Mart do to combat this. The answer is nothing. Wal-Mart recently announced a small store concept to try to fight off this kind of competition. I predict it will be a huge flop and I hope it is. Imagine going in a mini Wal-Mart the first impression will always be that they have nothing to offer because everyone has seen the items available in a super Wal-Mart making a mini Wal-Mart a huge waste of time. Dollar General Corp may be the most well run retailer in America.


45 posted on 01/05/2012 12:03:07 PM PST by cquiggy
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46 posted on 01/05/2012 12:57:25 PM PST by TheOldLady (FReepmail me to get ON or OFF the ZOT LIGHTNING ping list)
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To: AnTiw1
I like the dollar stores that carry the high end breads like Nature's Own, Roman Meal, etc. for $1. I go in and load up.

Twice in a row that I've replied to you, I promise, I'm not stalking.

I'm looking for a place that sells unsliced pumpernickel, I love the stuff. When I've happened across it before it's been stale, I don't have to have same day fresh but I'd like to at least have same month fresh.

47 posted on 01/05/2012 1:32:06 PM PST by Graybeard58 (Eccl 10 v. 19 A feast is made for laughter, and wine maketh merry: but money answereth all things.)
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To: TomGuy
Family Dollar actually has some of the lowest prices. Walmart has some of the highest prices for the exact same items.

May be so where you are but not here. The family Dollar here has brand name stuff and the same items at W-M are generally just a bit cheaper.

What Family Dollar has going for it for me is that it's closer than W-M. Also I've noticed that they have some items that appear cheaper until you compare the volume. Somewhat smaller packaging.

48 posted on 01/05/2012 1:37:07 PM PST by Graybeard58 (Eccl 10 v. 19 A feast is made for laughter, and wine maketh merry: but money answereth all things.)
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To: wbill

I will second that anecdotal observation. Many times I come home from Dollar Tree and realize the label says...Made in the USA...


49 posted on 01/05/2012 1:41:39 PM PST by EBH (God Humbles Nations, Leaders, and Peoples before He uses them for His Purpose)
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To: ibytoohi
Evil capitalists.

OWS would "occupy" them, but the customers would slap the snot out of them on the way in, and again on the way out.

50 posted on 01/05/2012 1:48:00 PM PST by tacticalogic ("Oh, bother!" said Pooh, as he chambered his last round.)
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