Skip to comments.This Retailer Is Doing So Well It's Opening Hundreds Of New Stores For The Fourth Straight Year
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 ...
Like I tell my kids.... This ain’t no dollar major... and this ain’t no dollar colonel... this is the Dollar GENERAL..
Dollar General isn’t a dollar store.
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.
You got that right.
With the way Zero is going, it won’t be long and true dollar stores will become 2 dollar stores.
Who really owns these stores?
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.
RE: Who really owns these stores?
Will this site help?
Well, me. Likely you too, if you have a 401k. Several of them (Dollar General? Family Dollar?) are publicly traded and fairly widely held.
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.
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.
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... :^(
I like Family Dollar SOOO much better than Dollar General. Dollar General seems a little trashier.
Right. There are some things I need that I will only buy at a Dollar store
Only thing Dollar General doesn’t have is fresh produce - which means that Michelle is going to crack down on ‘em.
Be careful what you buy in these places. Stuff like toothpaste can be Chinese knock-offs that WILL get you sick.
Welcome to the Obama economy where the only economic growth is in dollar stores and pawn shops.
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.
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.
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.
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.
No, ours isn’t either. The prices are on par with WalMart. I dog in occasionally, but don’t buy anything.
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!
Does Dollar General take coupons?
Oh, no! You mean they're. . . food deserts?!
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.
Good, we can buy even more Chinese made stuff.
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.
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).
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.
Huh? Dollar General and Family Dollar are not dollar stores. They’re merely mini Walmarts with prices far and above $1.
They will when it hits the fan. Ever heard of prepping? TP doesn't expire and people use it every day.
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.
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.
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.
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.
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.
I was going to guess “Five Guys”.
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.
Words of wisdom.
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.
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.
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.
I will second that anecdotal observation. Many times I come home from Dollar Tree and realize the label says...Made in the USA...
OWS would "occupy" them, but the customers would slap the snot out of them on the way in, and again on the way out.