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?
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Will this site help?
http://stockzoa.com/ticker/dg/
Evil capitalists.
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.
}:-)4
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.
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