COMPETITIVE WATCH: Dollar General Rolling Out Remodeling Program

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COMPETITIVE WATCH: Dollar General Rolling Out Remodeling Program

06/05/2009
GOODLETTSVILLE, Tenn. -- Dollar General Corp., the largest dollar store chain in the nation with 8,462 stores in 35 states, will begin rolling out its remodeling program to more stores this month.

In a first quarter conference call with analysts, Chairman and CEO Rick Dreilling noted new and remodeled stores have been more productive and ramping up faster over the last couple of years. Five stores were remodeled recently with a new look featuring fresh paint and wider aisles. All new stores will feature this look, with approximately 250 to 300 stores to be remodeled this year.

The company also plans to open 450 new stores this year, 104 of which already opened in the first quarter.

Value-oriented retailers such as dollar stores have generally weathered the recession better than most other types of retailers. Dollar General’s sales for the first quarter were up 15.7 percent to $2.78 billion and same-store sales increased 13.3 percent for the quarter. Net income was up 5.9 percent to $83 million.

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