Dollar General Corp. (NYSE: DG) today announced that it plans to open
its first stores in California in 2012 following successful expansions
in other western states such as Arizona and Colorado in recent years.
"Our California stores will mark a significant milestone for Dollar
General, giving us a coast-to-coast presence for the first time,” said
Rick Dreiling, chairman and CEO. "Our team is excited about carrying our
mission westward and delivering value and convenience, our hallmarks for
over 70 years, to new customers.”
The leading small-box retailer’s iconic yellow store signs have long
graced the landscape in the southern U.S., where its brand is most
dominant. Dollar General has grown quickly beyond its southern roots,
sometimes opening two or three stores a day. It nearly doubled its store
base in the last decade from 5,000 in 2000 to more than 9,500 today.
Dollar General operates more company-owned retail stores than any other
retailer in America.
The California announcement comes on the heels of the company’s planned
expansions into three new states in 2011 – Connecticut, Nevada and New
Hampshire. California would be Dollar General’s 39th state.
Dollar General plans to serve California shoppers in suburban, rural and
metropolitan markets by distinguishing itself with low prices on
products that families use and replenish often in convenient,
hassle-free neighborhood stores.
About Dollar General Corporation
Dollar General Corporation has been delivering value to shoppers for
more than 70 years. Dollar General helps shoppers Save time. Save money.
Every day!(R) by offering products that are frequently used and
replenished, such as food, snacks, health and beauty aids, cleaning
supplies, basic apparel, house wares and seasonal items at low everyday
prices in convenient neighborhood locations. With more than 9,500 stores
in 35 states, Dollar General has more retail locations than any retailer
in America. In addition to high quality private brands, Dollar General
sells products from America's most-trusted manufacturers such as Procter
& Gamble, Kimberly-Clark, Unilever, Kellogg's, General Mills, Nabisco,
Hanes, PepsiCo and Coca-Cola. Learn more about Dollar General at www.dollargeneral.com.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the federal securities laws, such as statements regarding the
Company’s planned expansion into new states and associated timelines.
Forward-looking statements involve risks, uncertainties and other
factors that may cause the actual results to differ materially from
those expressed in the statements. All forward-looking information
should be evaluated in the context of these risks, uncertainties and
other factors. Important factors that could cause actual results to
differ materially from the expectations expressed in or implied by such
forward-looking statements include, but are not limited to:
-
delays or unanticipated expenses in constructing or leasing new
stores, including without limitation those caused by natural
disasters, weather conditions, pandemic outbreaks, boycotts, war and
geo-political events;
-
the Company’s inability to hire sufficient qualified personnel;
-
disruptions, unanticipated expenses or operational failures in the
Company’s supply chain; and
-
the factors disclosed under "Risk Factors” in the Company’s Annual
Report on Form 10-K filed with the Securities and Exchange Commission
on March 22, 2011 or any subsequent quarterly filings on Form 10-Q.
All forward-looking statements are qualified in their entirety by these
and other cautionary statements that we make from time to time in our
other SEC filings and public communications. Forward-looking statements
speak only as of the date made. The Company undertakes no obligation to
update or revise any forward-looking statement to reflect events or
circumstances arising after the date on which they were made. As a
result of these risks and uncertainties, readers are cautioned not to
place undue reliance on any forward-looking statements included herein
or that may be made elsewhere from time to time by, or on behalf of, the
Company.
