Dollar General Locations Near Me – Tara General is expanding its expansion plans in 2018 and introducing new marketing initiatives, including adding new products to hundreds of locations that have been updated after successful trials.
Of the 1,000 store renovations Dollar General plans for 2018, about 400 will be “traditional plus” stores, including 34 walk-in coolers that will expand the variety of items available. trade. Of the 750 Traditional-Plus stores operating by the end of the year, a third will include fresh produce, bringing the number of stores carrying fresh fruit and vegetables to 450.
Dollar General Locations Near Me
“Our door-to-door solution has been proven to increase packages and trips with our existing customers, while attracting new customers and increasing supply,” said Todd Vassos, CEO. of the Goodlettsville, Tenn., chain, said in a conference call. Analysts discuss the company’s performance for the fourth quarter and year-end.
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“The ability to offer products, especially in areas with limited grocery availability, bodes well for Dollar General in the coming years,” Vassos said.
The company also plans to redesign the snack and beverage areas in 2018, to better position the stores as places for immediate food products, he said. In addition, Dollar General offers a variety of great products to select stores, with a focus on high-protein, low-salt options.
The changes are in addition to ongoing efforts to expand perishables across the store base, including 20,000 refrigerated doors across the store chain by 2018. The company is focusing on expansion of perishable products in existing stores. According to Vassos, cold doors under 12 are the most likely to be returned for conversion.
By the end of the year, each store will have 20 refrigerator doors, up from 10 in 2012.
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Dollar General is also focusing on its non-food category, with new displays and marketing around its revamped HBC offering and a new program that includes “rich” displays featuring hot deals on short-term wealth.
The company announced its plans after reporting better-than-expected same-store sales growth of 3.3% for the fourth quarter and 2.7% for the full year.
Revenue for the 13-week quarter ended Feb. 2 was $712 million, compared with $414 million in the same period a year earlier. Excluding one-time benefits from the revaluation of assets and deferred tax liabilities, net income decreased approximately 3.1% to $401 million.
Sales for the quarter rose 2% to $6.1 billion, up a week compared to a year ago. Excluding the fourth quarter of 2016, sales were up 2.7%.
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Total revenue for the full year was $1.54 billion, compared to $1.25 billion in 2016, and sales increased 6.8% to $23.5 billion. Excluding the tax benefit, full-year revenue was $1.23 billion. The extra week caused a double-digit decline in sales growth in 2016, the company said.
Dollar General forecasts sales growth of 9% for the current fiscal year and same-store sales growth in the “mid-2%” range. The benefit from the tax reform is three hundred million dollars, most of which will go to the bottom of the company.
Unlike other retailers that have said they will use the tax windfall to pay employee bonuses or raise prices, Dollar General said it has introduced comprehensive price increases that address products required for storage and installation.
“We believe that the significant investment in store manager salaries and training that we made in 2017 paid off as we have seen very little store manager turnover in five years,” Vassos said. and grocery shopping.” A shopper wears a face mask as she walks through a grocery store at Dollar General in Napawin Wednesday afternoon.
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Since opening the state’s first Dollar General location in April of this year, the fast-casual retail chain has opened or plans to open several locations across the state, including to locations in Centralia, Napawin and Oakville.
The Napavine and Oakville locations opened to the public, and the Centralia location will open in mid-July.
Dollar General is a chain of retail stores that sell a wide variety of goods, from shampoo to toys to food. Not all items are dollar-priced like the store as Dollar Tree’s name suggests, but the company says its prices are low and affordable. Founded in 1939, the company has more than 16,000 locations in 46 states, according to the Dollar General website.
According to previous Chronicle reports, some Oakville residents initially objected to the Dollar General moving downtown because they were worried Harris Grocery, a local store, would be out of business. region. The Dollar General location in Oakville opened in late June.
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Despite residents’ lack of interest, business at Harry’s Grocery and Dollar General appears to be good, but Dollar General is not open to seeing the impact on the city, Oakville’s Mayor said. Angelo Cilufo.
“We need something to stimulate the economy here. (Tara General) I’m happy to be here. The residents are a little less,” said Silufo.
The Oakville Dollar General is located at 305 W Pine and has 9,100 square feet and 7,300 square feet of retail space.
The location also opened in Napawin, and when he learned the store was looking to open a location downtown, Napawin Mayor Sean O’Neill said he was excited to see the new business. moving to that area.
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“I think the money will continue, if it goes to Walmart in Napawin, Chehalis. “I think people are excited to see businesses coming to Napawin and putting money toward our school and things like infrastructure and public safety,” O said. ‘Neill said earlier this year.
Napawin Dollar General is located at 417 SW Birch Ave SW with 9,000 square feet and approximately 7,200 square feet of retail space. There are 6 to 10 people in the store.
The Dollar General location in Centralia, located at 416 W. Reynolds Ave., is expected to open July 15, but the schedule will vary as final store arrangements are made, Mary said. Kathryn Colbert and Dollar General Public Relations.
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“We really appreciate it when an economic development comes to town,” Centralia Community Development Director Emile Pearson said when Dollar General expressed interest in opening a location in Centralia. .
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Dollar General is expanding into rural areas of the country and has reported annual gross profit of more than $22 billion in each of the past three years, according to a 2019 report to investors and filings with the Securities and Exchange Commission.
“All Dollar General locations are company owned and operated, not franchised. We have a field management team that oversees store operations at our more than 16,500 store locations,” Colbert said.
