Dollar General Expansion Plans 2020

For fiscal 2020, Dollar General aims to open 1,000 new stores, remodel 1,670 stores and relocate 110 stores, for a total of 2,780 real estate projects.

In the fiscal 2020 first half, Dollar General opened 500 new stores, remodeled 973 stores, and relocated 43 stores. The retailer finished the period with 16,720 stores in 46 states.

“During the first half, we added more than 30,000 cooler doors across our store base. In total, we now expect to install more than 60,000 cooler doors this year compared to our previous target of 55,000 cooler doors in 2020. Notably, the majority of these doors will be in high-capacity coolers, creating additional opportunities to drive higher on-shelf availability and deliver an even wider product selection,” Chief Operating Officer Jeffery Owen said in the call.

Same-store sales in the period, which ended July 31, surged by 18.8% year over year, reflecting COVID-19’s impact on consumer shopping habits, according to Dollar General. The chain noted that comp sales rose in the consumables, seasonal, home products and apparel categories, with the largest uptick in home products.

“These results include significant growth in average basket size, partially offset by a decline in customer traffic, as we believe customers consolidated trips in an effort to limit social contact,” Vasos said.

https://www.supermarketnews.com/retail-financial/dollar-general-dollar-tree-stay-expansion-track

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