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Dollar General to Open 625 New Stores in 2012

Dollar General board Sanders

Goodlettsville, Tenn.-based Dollar General Corp. plans to open 625 new stores and create more than 6,000 new jobs in 2012, reports the Nashville Business Journal.

The new stores will open in the 38 states where the retailer operates, plus California and Massachusetts. The chain currently operates 9,800 stores.

As of 1:10 p.m. Tuesday, Jan. 3, shares of Dollar General were up 1 cent, to $41.15, the Journal reports.

“Dollar General is excited about our tremendous opportunity for growth in existing markets as well as in new markets such as California and Massachusetts,” Rick Dreiling, Dollar General’s chairman and CEO, said in a news release. “We believe the new communities and states we are entering will benefit from our stores’ convenience and value, as well as the jobs and commitment to community our stores bring. The projected jobs follow on the heels of three years of positive job growth for the company.

“Including 2012, the company will have created more than 21,000 new jobs since 2009,” he adds. “In addition to 625 new stores in 2012, the company plans to remodel or relocate 550 stores and open a distribution center in California.”

 

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