DOLLAR General has set out to patch up its operations in the face of 96 recent store closures.
A top boss of the retail giant divulged details of the chain’s turnaround strategy at an earnings call on Thursday morning, revealing Dollar General’s plan to open 575 new locations.
Dollar General, a dominant player in the dollar store market, is the largest in the country with more than 20,000 locations across the US.
The company, however, is not immune to macroeconomic challenges – such as inflation and the shift toward online shopping – that have shaken the retail sector and pushed the estimate of 15,000 store closures across the industry in 2025.
Dollar General, similar to many other retail giants, has closed down a number of locations to strengthen its business foundation amid economic headwinds.
The retailer shuttered 96 Dollar General stores as well as 45 pOpshelf outlets in the first quarter of this year, a plan announced in the company’s fourth quarter 2024 earnings report.
These shutdowns were the result of the discount chain’s store portfolio optimization review, evaluating the performance of each store and their expected future performance, as well as operating conditions.
“While the number of closings represents less than one percent of our overall store base, we believe this decision better positions us to serve our customers and communities,” said Todd Vasos, Dollar General CEO, in the report.
Although the chain is closing some locations, Dollar General has several major turnaround efforts underway, including a shift in its real estate strategy.
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