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"You could do pantry shopping, but you could also get a soft drink or a slushy-type drink. In some categories, such as deodorant, the DGX offered more varieties than most dollar stores, Hertel said. In addition to quick food and drinks, Petkovic said, DGX sells pet food and toys, cleaning supplies, home decor, electronics, beauty products and electronics. It doesn't offer as many items in large quantities, such as six-roll packages of paper towels - staples that shoppers in less of a hurry can pick up at the downtown Hy-Vee supermarket or nearby Walgreens. The shop was a couple of blocks from the Vanderbilt University campus and drew a mix of students and shoppers from low-income neighborhoods.Ĭompared with a traditional Dollar General, the store aims its products at smaller families. Hertel said he visited the Nashville shop and was intrigued by the business' potential. 1.ĭollar General, already with 15,600 stores, hopes the DGX shops will create a new revenue stream with a new clientele. I will just graze on it.'"ĭollar General launched its first DGX in Nashville in November 2016 and has added six other locations, including in Cleveland and Omaha, Nebraska. Petkovic said the company aims to add another 20 locations in fiscal year 2020, which starts Feb. I don't want something sloppy that will get everywhere. I don't want to eat it with a knife and a fork.
#Dollar general locations portable#
"They want to get them in a portable form, a type of desktop dining. Experts predict tens of thousands more stores to shutter within the next five years."People are eating more smaller meals these days," he said. retailers have announced more than 9,300 store closures in 2019, according to Business Insider. Compare that to stores like Forever 21, Payless, and other once-thriving shopping staples that have recently filed for bankruptcy or gone out of business entirely.Īs of this writing, U.S. “We are putting stores today that perhaps five years ago were just on the cusp of probably not being our demographic.and it has now turned to being our demographic.”ĭollar General currently has more than 16,000 stores in the United States, and it's rapidly expanding. “The economy is continuing to create more of our core customer,” Vasos told the Wall Street Journal in 2017. The majority of Dollar General customers earn less than $40,000 per household. Today, about 75% of Americans like within five miles of a Dollar General, but the bulk of the company's locations are in small towns with few other places to shop, NBC News reports. dollar stores than drugstores since 2011. According to one widely-referenced study, there have been more U.S. retailers fall victim to the "retail apocalypse." Dollar General stock is up roughly 600% over the past 10 years.Īs Money previously reported, Americans significantly increased spending more of their hard-earned dollars at discount chains during the 2007-2009 recession, which devastated bank accounts and forced consumers to lead less expensive lifestyles. The last decade has been one long victory lap for Dollar General, which has grown profits and opened thousands of stores as dozens of other U.S. “The quarter was highlighted by our best customer traffic and same-store sales increases in nearly five years," CEO Todd Vasos said in an earnings call on Thursday.ĭollar General plans to open roughly 1,000 new stores throughout 2020, Vasos said, in addition to opening hundreds of new stores in 2019. The discount variety store just posted sales of about $7 billion for its fiscal third quarter, up 9% year-over-year. Dollar General continues to shine even as its retail brethren close stores at record levels. Apparently, everybody still loves shopping for deals at the dollar store.