A massive retail chain company with around 17,600 outlets is planning on continuing expansion efforts into the new year.
Based in Goodlettsville, Tennessee, the Dollar General Corporation has seen significant retail growth throughout the months of the Covid-19 lockdown, announcing plans earlier this year to build at least 1,050 new stories in 2021.
The variety store chain’s expansion comes on the heels of a 2020 building effort seeing the addition of another 1,000 stores, along with the remodeling of 1,750 existing locations.
According to the New York-based company Coresight Research, Dollar General’s 1,000-plus new stores this year dwarfs the efforts of other variety stores such as Dollar Tree, building just under 400 new stores, and Aldi at exactly one hundred stores.
Three months ago, the company, with nearly $34 billion in revenue last year, announced that roughly 75% of Americas today live no less than five miles from a Dollar General location.
Work is currently underway on a new Dollar General store in Athol, Idaho. Upon completion this spring, the chain will now have outlets in 47 states.
If all goes as planned, by the end of this year Dollar General will have also relocated around one hundred of its stores.
In its most recent financial report, the company reported up to $1.2 billion in capital expenditures for this fiscal year, with $248 million on store upgrades, along with $19 million for information systems upgrades.
While the company has not announced its specific expansion plans for 2022, analysts believe any plans will be on track to equal the company’s building of more than 2,000 stores since early 2020.
By Garry Boulard
