US retail sales rebound moderately in February
U.S. retail sales rebounded slightly in February, suggesting continued economic growth. But consumers pulled back on discretionary spending.
Another national retailer will be closing stores in 2025.
Dollar General announced in its fourth quarter earnings report last week it is planning to close 96 Dollar General stores and 45 Popshelf stores during the first quarter of 2025, while another six Popshelf stores will be converted into Dollar General stores.
“As we look to build on the substantial progress we made on our Back to Basics work in fiscal 2024, we believe this review was appropriate to further strengthen the foundation of our business,” said Todd Vasos, Dollar General’s chief executive officer, in the earnings report.
“While the number of closings represents less than one percent of our overall store base, we believe this decision better positions us to serve our customers and communities,” Vasos said in the report.
Dollar General said it initiated a “store portfolio optimization review” during the fourth quarter of 2024, where it identified stores for closure or re-bannering based on “an evaluation of individual store performance, expected future performance, and operating conditions, among other factors.”
According to Dollar General’s website, the company operates more than 20,000 Dollar General, DG Market, DGX and Popshelf stores in 48 states.
What is Popshelf?
Dollar General announced a new retail store concept called Popshelf in October 2020. The company said Popshelf aims to “engage customers with a fun, affordable and stress-free shopping experience” with a focus on seasonal and home decor, home cleaning supplies and party goods, among other items.
In 2021, Dollar General announced plans to open approximately 1,000 Popshelf stores by the end of the 2025 fiscal year due to its popularity with customers, according to reporting from CNBC.
Popshelf’s website says the chain has more than 220 locations in 21 states, however after the 45 planned closures, the chain will have about 175 remaining stores.
Where are Dollar General, Popshelf stores closing?
The locations of the 96 Dollar General and 45 Popshelf stores that will close in early 2025 were not immediately available.
Dollar General did not immediately respond to a USA TODAY request for comment. USA TODAY also requested a list of the stores the company is planning on closing.
Dollar General stores in Stockton
Dollar General has five stores in Stockton listed on its store locator, plus several more in San Joaquin County,
Gabe Hauari is a national trending news reporter at USA TODAY. You can follow him on X @GabeHauari or email him at [email protected].
