The company reported a net sales increase of 3.9% to $8.5 billion for the third quarter and a same-store sales decrease of 0.6% year over year. The retailer finished the period with 16,720 stores in 46 states. customers trust us to provide, and we are confident in our ability to provide Mexican households with affordable access to everyday essentials.”ĭollar General currently operates a total of more than 18,000 stores across the U.S. In the fiscal 2020 first half, Dollar General opened 500 new stores, remodeled 973 stores and relocated 43 stores. “We are excited to bring to the Mexican consumer the value and convenience that our U.S. “The opportunity to expand our footprint to serve communities in Mexico marks an exciting new era for our organization, and is a reflection of our continued innovative spirit and dedication to serving others,” said Todd Vasos, CEO of Dollar General. Dollar General also announced Thursday that it plans to expand internationally for the first time by opening 10 stores in Mexico by the end of fiscal 2022. Consumer prices rose by 6.2% in October compared to a year ago, representing the highest inflation rate since the 12-month period ending in November 1990.ĭespite the new environment, value chains and dollar stores are continuing to open locations across the U.S. The trend toward higher pricing suggests that even dollar stores are not immune to the inflation, higher wage costs, and supply chain slowdowns that have all contributed to higher prices in across retail. All prices will now start at $1.25 instead of the $1.00 price point which has defined the chain for decades. The expansion of the Popshelf brand comes shortly after competitor Dollar Tree announced permanent price raises across Dollar Tree Plus stores and most Dollar Tree stores in November. These Budget-Friendly Stores Make Up Nearly Half of All Openings So Far This Year

Dollar general stores iteman