Retailers are closing thousands of stores this year as the fallout from the retail apocalypse drags on.
But there are several companies bucking that trend, and chief among them is Dollar General. Instead of shutting down stores, Dollar General is opening hundreds more locations.
The discount chain says it plans to open 975 stores this year, remodel 1,000 locations, and relocate 100 stores.
In the most recent quarter, the retailer’s same-store sales sales grew 4%, and total sales rose 8.5% to $6.7 billion. We went to a Dollar General store in Richmond, Virginia, last year to find out what makes it so successful.