Dollar General has celebrated the grand opening of its 16,000th store in Panama City, Florida. The company celebrated the milestone with a community celebration and donations to two local elementary schools at its new store, which will serve Gulf Coast residents still rebuilding from Hurricane Michael in October 2018.
Dollar General welcomed employees, their families and local and state officials to celebrate the official grand opening of the company’s 16th distribution center in Longview, Texas. At full capacity, the state-of-the-art Longview facility is expected to employ more than 400 people and support approximately 1,000 Dollar General stores.
Celebrating its 80th year in business, Dollar General started out strong in the first quarter with both sales and earnings growth.
Dollar stores are seeing growth in shopper traffic during the holiday season with shoppers from higher income levels driving the growth, according to a recent survey from The NPD Group.
As it continues to expand and open more stores beyond its rural community base, Dollar General is eyeing a new urban store concept dubbed DGX, according to a recent Bloomberg article.
Dollar General recently celebrated the official grand opening of the company’s 15th distribution center in Jackson, GA.
Despite a surge in net income and sales gains, Dollar General fell short of Wall Street estimates in the first quarter, with the weather playing a factor in results.
Lowe’s has named Marvin Ellison president and CEO, effective July 2. He will also join Lowe’s board of directors at that time. Ellison succeeds Robert Niblock, who previously announced his intention to retire.