"We are creating a significant runway for growth,"Perdue said. For example, just last week the retaileropened a new Southeastern distribution center andrecently announced that it would invest $70 million tobuild a new distribution center in Marion, IN,creating 500 jobs for the area.
One of the biggest challenges and concerns for theretailer is keeping its products in stock, Perduesaid. The new distribution facilities will help theaddress those challenges, as will the EZ-Storeefforts.
Dollar General is sinking $100 million in tothe EZ-Store program, which streamlines storeoperations ranging from hiring and training toinventory management. Moreover, the retailer has putrecruiters in the field in an effort to better manageits human capital.
"I am very excited and optimistic about the future ofDollar General," Perdue said. The Goodlettsville, TN-based company currently operates about 7,400 units in 30 states. In May, the retailer's year-over-year same-store sales were up 4.3%, on revenues of $640.6 million.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.