News

Retail Top 100 2012, No. 79: Dollar General

May 30, 2012

Third-quarter earnings for Goodlettsville, Tenn.-based Dollar General jumped 34 percent as same-store sales continued to rise on improved traffic. In addition, Dollar General approved a new share repurchase program of up to $500 million in stock. Te deep discount leader has seen its profit rise in recent quarters as it opened new stores and added better-known brands of merchandise. At the end of the third quarter, Dollar General operated 9,813 stores, up 5.8 percent from a year earlier, and plans to open about 625 new stores in fiscal 2012, matching its new store openings for 2011. As with other discount retailers, the company has had to contend with more conservative spending from its customers.

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