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Dollar General Corp. announced plans to open about 900 stores in the coming fiscal year and also to remodel about 1,000. This is on top of the approximately 1,285 stores the company will have opened this current fiscal year, which ends Feb. 1, 2018. During the period it will have remodeled or relocated about 760 stores.
The company now operates some 14,300 stores across 44 states, a 35 percent increase over five years. By the end of the year, roughly three Americans out of four will be living within five miles of a Dollar General, the chain says.
Dollar General is projecting that net sales for fiscal 2017 will have risen by 7 percent and that same-store sales will have gone up by 2.5 percent.
“We remain excited about the future for Dollar General,” said CEO Todd J. Vasos. “We continue to believe that investing in the business through our high-return new-store growth is the best use of our capital to help drive long-term shareholder value.”
By Edmund Mander
Director, Editor-In-Chief/SCT
