Boston, MA 07/29/2014 (wallstreetpr) – Dollar General Corp. (NYSE:DG) announced opening of a new store in East Cocalico Township, Lancaster County Pennsylvania. The opening extravaganza will include the first 50 shoppers being gifted $10 Dollar General gift cards and the first 200 shoppers will be gifted its trademark tote bags.
Plan a New Store in Texas
With Tool City Council, Texas, approving the rezoning of two acres land near Highway 274 to a commercial one, Dollar General Corp. (NYSE:DG) announced its plans to set up a store at the site after a fair amount of survey. In spite of an opposition from a nearby school and church officials, the locals are welcoming the store due to its proximity and convenience. The store would have staff of 5 to 10 from the neighborhood. However, the council will not allow to the store to sell liquor due to safety issues.
The Pamper Diaper Headache
Recently, Dollar General Corp. (NYSE:DG) offered a $9.5 sale price on “all counts and all sizes” of Pamper diapers deal. This is affordable for the stores as it houses only small number of packets of the diapers. However this sale has created a mess at the larger retail stores of Target Corporation (NYSE:TGT) and Wal-Mart Stores Inc. (NYSE:WMT) where customers were asking similar deals. Target made it clear that the “all counts and all sizes” is not specific enough though it has to confront some unsatisfied customers.
Dollar General Way a Head of Dollar Tree
Dollar tree has announced acquisition of a similar business Family Dollar to ward off competition from retailers such as Wal-Mart Stores Inc. (NYSE:WMT) and Dollar General Corp. (NYSE:DG). It is observed that the Dollar Tree ad Family Dollar put together would have quarterly sales of about $2.25 billion, more than $150 million per quarter in net income and $6.4 billion in assets. However, Dollar General has more than $4.5 billion in sales in previous quarter with nearly $222 in net income on assets amounting to $10.6 billion. Though Family dollar operates in similar lines of Dollar General, the acquisition of Family Dollar by Dollar Tree still has long way to go match with the Dollar General Corp. (NYSE:DG).
