Dollar General is the next retailer to announce store closures in 2025.
The company announced plans to close 96 stores in the coming weeks, along with 45 pOpshelf locations. Six pOpshelf locations will be converted into Dollar General stores, the company said in a release.
Here’s what we know.
Why is Dollar General closing stores?
Unlike its competitors, Dollar General isn’t fighting against a drop in revenue. In the latest earnings report, the company saw a year-over-year increase of 4.5% in net sales in the last quarter and a 5% annual increase to $40.6 billion.
“We were pleased with the underlying performance of the business in the fourth quarter, including improved execution and solid top-line results,” said Todd Vasos, Dollar General’s chief executive officer. “As we reflect on our full fiscal 2024 year, we believe our Back to Basics work is resonating with customers, as demonstrated by higher customer satisfaction scores and healthy market share gains.”
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Dollar General said it conducted a review in 2024 to identify stores for closing or “re-bannering” based on performance, operating conditions, expected future performance and other factors.
“While the number of closings represents less than 1% of our overall store base, we believe this decision better positions us to serve our customers and communities,” Vasos said.
The company has not yet released a list of the locations that are closing.
Dollar General’s competitor Dollar Tree, which owns Family Dollar, announced last year it would be closing nearly 1,000 locations of both brands over the next few years.
After fighting to remain solvent through the pandemic and rising inflation, several major companies have announced closings, bankruptcies or restructuring, including Red Lobster, Big Lots, Hooters, TGI Fridays, Kohl’s, Macy’s, Outback Steakhouse, Joann Fabrics and more.
There are 345 Dollar General stores currently in Kentucky. You can find the location nearest to you at dollargeneral.com/store-directory/ky.
There are also seven pOpshelf stores in Kentucky in Bowling Green, Elizabethtown, Frankfort, Hopkinsville, Louisville, Owensboro and Shepherdsville. You can find store addresses at popshelf.com.
