Thursday, March 26, 2009

Dollar General to add 450 stores

Buoyed by a solid sales performance in a down year for many other retailers, Dollar General plans to add as many as 450 new stores in the year ahead and renovate others to build on its $10.5 billion in annual sales.
"I think we're seeing a new era of consumerism in which it's going to be fashionable to be conservative and save money," said Rick Dreiling, the discount chain's chief executive officer and chairman. Dreiling made the comments after Dollar General reported annual and fourth-quarter gains in same-store and total sales as well as profits.


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