![]() ![]() Browse our selection of trendy and innovative items at affordable prices. Its stock price opened at $217.08 per share Friday, Dec. Discover new products and unique finds at Dollar General's DG Market + pOpShelf. As of July 30, Dollar General operates 17,683 stores in 46 states. Dollar General’s 2021 fiscal year ends Friday, Jan. Net sales increased 3.9 percent to $8.5 billion, while same-store sales decreased 0.6 percent. The first two Texas locations will be in San Antonio and McKinney.Įach Popshelf store is expected to create up to 15 new jobs.ĭollar General’s announcement coincides with the release of its third-quarter results for the 13-week period that ended Friday, Oct. The company also announced the planned expansion into Texas with the first Popshelf stores slated to open in the Lone Star state in early 2022. “Popshelf is an integral part of Dollar General’s innovative and long-term strategy as we continuously look for ways to best serve customers and diversify the relevant goods we offer.” “Throughout Popshelf’s first year, we’ve been very pleased by the customer demand for the concept’s on-trend merchandise, price points and shopping experience,” says Emily Taylor, Dollar General’s executive vice president and chief merchandising officer. By February 2022, Popshelf is on track for 50 stores, as well as up to 25 store-within-a-store formats. At the end of its fiscal third quarter, Dollar General operated 30 Popshelf stores in six states and 14 store-within-a-store formats, which combine the offerings of Popshelf with DG Market, a larger footprint store that focuses on groceries. The target customer is primarily female, lives in the suburbs and maintains an annual household income ranging from $50,000 to $125,000, according to the retailer.ĭollar General, which is based in Goodlettsville near Nashville, debuted the Popshelf concept last fall and opened its first two stores in Tennessee in October 2020. ![]() Dollar General (NYSE: DG) has unveiled plans to open approximately 1,000 new Popshelf stores by the end of fiscal year 2025, including roughly 100 stores in fiscal year 2022.Įach Popshelf store spans approximately 9,000 square feet and offers seasonal and home décor, health and beauty products, cleaning supplies and party goods. Owen said the company is on track to expand that number to 5,000 by the end of 2023.Goodlettsville, Tenn. “While produce is not currently serviced by our internal supply chain, we continue to believe that DG Fresh provides a potential path forward to expanding our produce offering to more than 10,000 stores over time,” Owen said.īy the end of the first quarter, March 31, Dollar General offered fresh produce in nearly 3,900 of 19,000 stores. DG Fresh has enhanced profitability of perishables for the company, and while it continues to focus on frozen and refrigerated foods, fresh produce is still on the radar. One area Dollar General continues to focus on is its DG Fresh, and fresh produce initiatives. “Unfortunately, our customers are saying they’re having to rely more on food banks, savings, and credit cards,” Owen said. ![]() That resulted in less discretionary spending, and lower sales in non-consumables. ![]() Reductions in SNAP dollars and lower-than-usual tax returns hit Dollar General customers hard, Owen said. “We are reevaluating our plans with regards to our timing of reaching 1,000 stores by the end of 2025 and plan to provide an updated expectation at a later date,” said CEO Jeff Owen, during the company’s earnings call held June 1. The concept, which is focused more on urban shoppers with higher incomes, currently has more than 160 stores in 16 states. The Goodlettsville, TN-based company said it is tapping the brakes on expansion for its pOpshelf concept in 2023, reducing the number of stores in the pipeline to 90, down from 150. In an action mirroring many of its customers, Dollar General BB #:172794 is pulling back on “nice to have” investments in favor of “need to have” as inflation and income pressures its bottom line. ![]()
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