• 0
  • Home
  • About Us
  • What We Do

Shopping Cart

GPAM
  • Home
  • About Us
  • What We Do

Dollar General thrives amid retail apocalypse

Dollar General CEO Todd Vasos (Retail Industry Leaders Association, iStock)
Dollar General CEO Todd Vasos (Retail Industry Leaders Association, iStock)

Don’t tell Dollar General that brick-and-mortar retail is dead.

The retailer plans to open 1,050 new stores this year, Business Insider reported, part of an aggressive expansion plan that goes against the push many retailers have made to increase their online operations. That follows a similar pace of expansion in 2020, when 1,000 new stores opened and 1,670 were remodeled.

The retailer’s expansion has focused on serving rural customers, while other companies have converged around urban centers, where higher population density makes delivering online orders more efficient. It’s also changed its store offerings in recent years, adding groceries, as well as home decor and housewares (via its Popshelf brand) to many of its locations.

The strategy has paid off: Last year, the chain reported same-store sales growth of 16.3 percent. The chain remained open as an essential retailer during government-mandated coronavirus lockdowns.

But that atypical pattern of growth has left some investors worried about its post-pandemic future. Already, a drawback in demand is expected, with Zacks Equity Research predicting a same-store decline in sales of four to six percent in 2021.

While customers may not associate online delivery with dollar store items, industry analysts said the company could benefit from partnerships with “digitally native brands.”

The chain’s expansion is part of a broader pattern of growth among discount stores, which have been ramping up to open more locations this year. TJX, the parent company of TJ Maxx and Marshalls, will open 81 stores across its brands in 2021. And Dollar Tree created plans to add a whopping 600 stores this year.

[Business Insider] — Orion Jones

The post Dollar General thrives amid retail apocalypse appeared first on The Real Deal Los Angeles.

Powered by WPeMatico

  • 09 April 2021
  • The Real Deal
  • Uncategorized
  •  Like
SoftBank buys $72M of Compass stock →← Lee & Associates founder Bill Lee dies
  • Recent Posts

    • Newsom underscores immigrants role in construction as “foundational” to fire rebuildings July 7, 2025
    • Beverly Hills moves to ban short-term rentals in latest LA-area crackdown July 7, 2025
    • Kayne Anderson joins OC firm in $1.5B fund for industrial properties July 7, 2025
    • Is CEQA win first shot at a broader overhaul for resi market?   July 5, 2025
    • Hankey finances bargain-bin hotel buy near SF’s Union Square July 3, 2025
  • Recent Comments

    • Archives

      • July 2025
      • June 2025
      • May 2025
      • April 2025
      • March 2025
      • February 2025
      • January 2025
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      • July 2024
      • June 2024
      • May 2024
      • April 2024
      • March 2024
      • February 2024
      • January 2024
      • December 2023
      • February 2023
      • January 2023
      • December 2022
      • November 2022
      • October 2022
      • September 2022
      • August 2022
      • July 2022
      • June 2022
      • May 2022
      • April 2022
      • March 2022
      • February 2022
      • January 2022
      • December 2021
      • November 2021
      • October 2021
      • September 2021
      • August 2021
      • July 2021
      • June 2021
      • May 2021
      • April 2021
      • March 2021
      • February 2021
      • January 2021
      • December 2020
      • November 2020
      • October 2020
      • September 2020
      • August 2020
      • July 2020
      • June 2020
      • May 2020
      • April 2020
      • March 2020
      • February 2020
      • January 2020
      • December 2019
      • November 2019
      • October 2019
      • September 2019
      • August 2019
      • July 2019
      • June 2019
      • May 2019
      • April 2019
      • March 2019
      • February 2019
      • January 2019
      • December 2018
      • November 2018
      • October 2018
      • September 2018
      • August 2018
      • July 2018
      • June 2018
      • May 2018
      • April 2018
      • March 2018
      • February 2018
      • January 2018
      • December 2017
    • Global Property and Asset Mangement, Inc.
      137 North Larchmont
      Los Angeles, California 90010
      +1 213-427-1127

    © 2025 GPAM