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Dollar General Begins Closings

GOODLETTSVILLE, TN—The refocusing plan announced earlier this month, which includes up to 400 closures, is under way.

By Debra Hazel | Updated on December 13, 2006

GOODLETTSVILLE, TN—Dollar General has begun its recently announced store closure plan, and it is “moving forward as planned,” executives said at the company’s third quarter conference call.

In late November, the chain announced plans to close up to 400 stores that did not meet specific sales criteria during fiscal 2007. The first wave of 130 store closings began last week, and a steering committee has been formed to oversee the closings and the change of the chain’s inventory model, said David M. Tehle, executive vp and CFO.

“We looked at all our stores, at a variety of factors to determine which would be closed,” Tehle said. “We looked at competitive forced in the marketplace, the real estate factor and the financial aspects of the stores.”

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