Dollar general close

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Places that are already competing with the dollar store chain will likely pick up the extra traffic. Dollar Tree announced on Wednesday that it plans to close Family Dollar stores in the first half of fiscal , and another Family Dollar and 30 Dollar Tree locations once their current leases expire. Dollar Tree itself could keep some of the customers. Many discount retailers have seen an uptick in foot traffic in recent years, according to Placer. Discount and dollar stores saw a 7.

Dollar general close

Dollar General has gotten hit by steep fines for safety violations , slammed on late-night TV and even overruled by its own shareholders. On Thursday, CEO Todd Vasos laid out on an earnings call with investors the discounter's plans to try to turn around both the company's performance and its public relations problems. He said the retailer will put more workers in the front of its stores, slow down new store openings, take underperforming items off shelves and step up efforts to keep merchandise in stock. It marked the first earnings call since Vasos took the helm again. He was brought out of retirement in October, after his successor Jeff Owen got ousted less than a year into the job. At the time, the board's chairman, Michael Calbert, said in a news release that the company needed the leadership change "to restore stability and confidence. On the call Thursday, Vasos said, "We have some hard work yet ahead of us, but we know what to do. We've done it before and we are absolutely set on doing it again, as quickly as possible. Here's what the retailer reported for the three-month period that ended Nov. Dollar General may have topped Wall Street's fiscal third-quarter expectations, but it has had a tough year. The company is the fastest-growing retailer by store count, but its sales have slowed, its stock price has slumped and its reputation has gotten hurt by federal scrutiny over work conditions. This spring, shareholders voted for a resolution that called for an independent, third-party audit into worker safety, a move that the company opposed.

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Box after box stacked up in the stockroom. Crystal Billiot, 46, unpacked as fast as she could — barely putting a dent in the pile as trucks dropped off more inventory daily at a Dollar General store. Some days, Billiot, the store manager, says she worked until 2 a. Boxes of old inventory lined the walls at store on the south side of Holland. Employees said they had found moldy food, products nibbled by rats and, once, dog food that expired three years ago in the backlog of inventory. After months of trying to get extra help, Billiot quit on Sept. Her entire staff of eight employees eventually followed her out the door, and the store closed.

George Anderson. By George Anderson. Dollar General announced yesterday it was closing underperforming locations, stepping up its efforts to upgrade existing stores and adding a new president and chief operating officer to lead the company through it all. Fiscal will be a year of transition for us as our team will be highly focused on executing this plan. We expect these changes will ultimately strengthen our store base, improve our long-term profitability and create value for our shareholders. Discussion Questions: Has Dollar General and the dollar store industry reached the point of saturation with the number of stores in operation? This trend will continue — as some of us predicted — while the value of the U. First, cheap Chinese items that sustain Dollar-type stores become more expensive to import. Second, American-made products become more affordable and domestic manufacturers will hire more employees.

Dollar general close

Thousands of retail stores are on track to close by the end of the year as consumers embrace online shopping. But one company continues to rapidly expand its physical footprint and rake in profits year over year — Dollar General. The Goodlettsville, Tennessee-based company announced its third-quarter earnings on Thursday, revealing that it is on track to open stores this year, and 1, by the end of — or 20 stores each week. And that's what really gave us the notion to move a little faster here," CEO Todd Vasos told investors Thursday, noting that sales rose 8.

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He stressed retail fundamentals and used the phrase "back to the basics" 10 times on an hourlong earnings call. Employees said they had found moldy food, products nibbled by rats and, once, dog food that expired three years ago in the backlog of inventory. Discount and dollar stores saw a 7. Read full article 2. This spring, shareholders voted for a resolution that called for an independent, third-party audit into worker safety, a move that the company opposed. Baird asked the district management for help, but no one showed up. Dollar General's returning CEO, Todd Vasos, laid out plans to turn around the company's performance, as sales slow and its stock price slumps. Dollar General may have topped Wall Street's fiscal third-quarter expectations, but it has had a tough year. It marked the first earnings call since Vasos took the helm again. The company has been slammed on late-night TV and gotten fined for workplace safety violations. He said the company has relied too much on self-checkout, which should be "a secondary checkout vehicle, not a primary.

Some Dollar General stores are so full of stuff that local fire marshals are ordering the stores to close until they can cut down on the clutter. At some locations, aisles are clogged with plastic tubs and metal-framed dollies, called "rolltainers," that hold goods still wrapped in their shipping containers, according to photos shared with Insider. Typically, these items are stored in back rooms until employees can unpack them.

He called out the companies for violations cited by OSHA, including rat infestations in warehouses and dangerously messy store aisles, and for complaints by workers on social media, such as staffing a store with a single worker. To Billiot, a fully staffed store would have eight employees working daily. We apologize for any inconvenience our customers experienced during the three hours the Mineral Point store was closed this past weekend. And Baird needed to whittle it down to two for the store to reopen. Dow 30 38, In the past five years, there have been more than gun violence incidents at Dollar General stores across the country, according to the Gun Violence Archive. Thank you to our amazing customers. Boxes of old inventory lined the walls at store on the south side of Holland. Brooke DiPalma is a senior reporter for Yahoo Finance. Dreiling said that most of the 3. The store reopened at 11 a. Dollar General has gotten hit by steep fines for safety violations , slammed on late-night TV and even overruled by its own shareholders. FTSE 7, But "the gains are probably not going to be enormous," since the stores targeted for closure are likely smaller locations, said Saunders. He was brought out of retirement in October, after his successor Jeff Owen got ousted less than a year into the job.