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Dollar General Plans 730 More

GOODLETTSVILLE, TN-Despite disappointment with the discounter's financial performance, it plans 730 new stores in '05.

By Jennifer D. Duell | Updated on December 01, 2004

GOODLETTSVILLE, TN-Dollar General Corp. will open 730new stores, including at least 30 Dollar GeneralMarkets, in fiscal 2005. The discount retailer revealed its growth plans during its third quarter earnings announcement.

“Through theend of November we have opened 703 stores, exceedingour target, and we expect to have opened 710 stores bythe end of the year,” said David Perdue, chairman &CEO. Currently, Dollar General has 7,340 neighborhoodstores across the nation.

Moreover, the company now has 10 Dollar General Marketstores open. The Dollar General Market is a largerformat store that offers an expanded selection ofDollar General’s core mix of merchandise, including abroader selection of refrigerated food items and freshproduce. The new concept is expanding, and five more DGMarket stores will open by the end of the year andeight leases have been signed for an opening earlynext year. “We continue to be very encouraged by theresults of our Dollar General Market stores,” Perduesays.

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