Dollar General is opening 900 new stores next year

Nathaniel Meyersohn, CNNMoney Updated: December 7, 2017 at 3:40 pm • Published: December 7, 2017 0
photo - Dollar General is opening 900 new stores next year (Charles Krupa / AP)
Dollar General is opening 900 new stores next year (Charles Krupa / AP)

Dollar General is bucking the retail trend.

The discount chain announced Thursday that it plans to open 900 new stores in 2018 for the second year in a row. Dollar General did not say how many new jobs the openings could create.

"Our first priority remains investing in new stores where we continue to see great returns," said CFO John Garratt on a call with investors.

Dollar General has become a shopping staple across the country. It currently has more than 14,000 stores in 44 states, a 35% increase from five years ago.

By the end of the year, more than three in four Americans will live within 5 miles of a Dollar General, the company noted on the call.

Dollar stores are one of the few retail groups that are thriving. Many traditional brick-and-mortar retailers have been eclipsed by the growth of e-commerce.

Read the full story at CNN Money.

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