March 25th 2025.
Dollar General, a popular chain of discount stores with locations spanning across 48 states, has recently made an announcement that has caught the attention of many. In their fourth quarter and fiscal year 2024 report, the company revealed that they will be closing almost 100 stores across the United States this year. This decision was made after conducting a thorough review of their Dollar General and pOpshelf stores, with the aim of optimizing their portfolio and improving overall performance and operations.
According to the report, 96 Dollar General stores and 45 pOpshelf stores will be shuttered, while 6 pOpshelf locations will be converted into Dollar Generals. Todd Vasos, the CEO of Dollar General, stated that this review was necessary as they continue to focus on their Back to Basics work and strive to strengthen the foundation of their business. However, the specific locations of the stores that will be closing have not been disclosed at this time.
Vasos also emphasized that while the number of closures may seem significant, it only represents less than one percent of their overall store base. He believes that this decision will ultimately benefit their customers and communities in the long run. The closures are expected to take place in the first quarter of the fiscal year ending January 30, 2026, and the affected stores will be announced at a later date.
This news comes after Dollar General's announcement in 2021 to open about 1,000 pOpshelf stores by the end of fiscal year 2025, due to their growing popularity. These stores offer a unique shopping experience, focusing on home decor, cleaning supplies, and party items at affordable prices. The company's headquarters are located in Goodlettsville, Tennessee, and they currently operate over 20,000 stores under different names such as Dollar General, pOpshelf, DG Market, and DGX.
It is worth noting that this decision comes at a time when store closures are on the rise across the country. According to a research group, the number of closures is expected to double this year compared to the previous year, with an estimated 15,000 stores shutting down. In the retail industry, it is not uncommon for companies to make changes to their store portfolio in order to adapt to the ever-changing market and consumer needs. For instance, earlier this year, department store chain Kohl's announced the closure of 27 locations by April.
In conclusion, Dollar General's decision to close a number of stores may come as a surprise to some, but it is a strategic move to ensure the success and growth of the company in the long run. As they continue to evolve and adapt to the market, they remain committed to providing their customers with a convenient and affordable shopping experience.
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