THE New Year means new plans for stores like Dollar General as they prepare to open over 1,000 more stores.
Dollar General plans to open 1,050 stores in 2023 after they had a successful third quarter in 2022 where sales rose to $9.5billion.
Dollar General's sales rose by 11.1% toward the end of the year in 2022, so the retailer is planning on opening more stores in several states.
On December 13, 2022, the US Bureau of Labor Statistics reported that the inflation rate decreased to 7.1% in the 12 months to October.
Even so, low-wage earners are still experiencing detrimental effects as their money is worth less while goods and services cost more.
Fortunately, Dollar General has been one of the few giants that continued to provide affordable goods for their shoppers.
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New Dollar General stores
“We are pleased with our strong sales growth in the quarter, as well as a modest increase in customer traffic and continued share gains in both consumable and non-consumable product sales,” said Jeff Owen, chief executive officer of Dollar General.
"Looking ahead, we are pleased to announce today that we plan to execute approximately... including approximately 1,050 new stores."
There are currently Dollar General stores in every state except Alaska and Montana.
Dollar General growth
In the third quarter of 2021, Dollar General earned $8.5billion, and in the third quarter of 2022, the retailer earned $9.5billion.
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The sale was mainly driven by positive sales contributions from new stores and growth in same-store sales.
Same-store sales rose by 6.8% in 2022 compared to the previous year, and the growth was in the consumables category.
Consumables include eggs, protein, and fresh and frozen food.
But there were some declines in other categories such as apparel, seasonal, and home products.
pOpshelf at Dollar General
Dollar General introduced a relatively new store concept intended to target a new type of customer and higher profits across the country.
The new concept is called pOpshelf, which offers products generally at $5 or less.
"Through this combined format, we aim to deliver the value and products customers trust from a DG Market with the continually-refreshed merchandise including beauty and seasonal products, home décor, and arts and crafts through pOpshelf," said Todd Vasos, former CEO of Dollar General.
Penny shopping
There is another way to save even more money at Dollar General, which is called penny shopping.
When an item is discontinued at Dollar General, it turns into a penny item.
To make them more easily identifiable, the items are marked down to $0.01, so the staff knows to remove them from the sale floor.
But when these items are missed, shoppers are allowed to buy those items for a penny.
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Read about how you can save money when you're checking out at Dollar General.
Also, a Dollar General superfan revealed how you can score a $5 fleece blanket for just one cent.
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