Dollar General Continues to Expand, Throws Open 15000th Store
Dollar General Corporation DG recently announced the opening of its 15000th store in Wilmington, NC. To celebrate this milestone, this Zacks Rank #3 (Hold) company offered the first 500 adult customers $10 gift cards and tote bags, which contain complimentary products. Notably, in fiscal 2015, 2016 and 2017 the company opened 730, 900 and 1,315 new stores (includes acquisition of 300 stores) and relocated or remodeled 881, 906 and 764 stores, respectively. Moreover, Dollar General is focusing on smaller format stores as these require less capital expenditure and will help to cope with space constraint.