Dollar General plans to shut down close to 100 stores; how many in NY?
Dollar General has recently revealed plans to close nearly 100 stores as part of their strategy to enhance their business foundation. This decision comes after the company’s fourth-quarter earnings report was made public last week, indicating that 96 Dollar General stores and 45 Popshelf stores will be shuttered in the first quarter of 2025. Additionally, six Popshelf outlets are set to be converted into Dollar General stores.
In a statement from Todd Vasos, Dollar General’s chief executive officer, he expressed the company’s intention to build upon the progress achieved during their Back to Basics initiative in fiscal 2024. Despite the relatively small percentage of stores being closed in relation to their extensive network of over 20,000 Dollar General, DG Market, DGX, and Popshelf outlets across 48 states, Vasos emphasized that this strategic decision aims to better serve their customers and communities.
As part of Dollar General’s expansion efforts, they introduced a new retail concept called Popshelf in October 2020. Popshelf is designed to offer customers a lively and budget-friendly shopping experience, focusing on seasonal and home decor, cleaning supplies, party essentials, and other items. Due to the positive reception from consumers, Dollar General had originally planned to open approximately 1,000 Popshelf stores by the close of the 2025 fiscal year, as reported by CNBC.
Although Popshelf has grown to encompass more than 220 locations in 21 states, the upcoming closure of 45 stores will reduce the total count to around 175 remaining outlets. Notably, no Popshelf stores currently operate in the state of New York. Detailed information regarding the specific locations of the 96 Dollar General and 45 Popshelf stores slated for closure at the beginning of 2025 has not been disclosed as of now, as per reports from USA TODAY.
This recent announcement from Dollar General aligns with a broader trend in the retail industry, where established brands like JCPenney, Joann, Macy’s, and Kohl’s have also decided to close stores in response to changing market conditions and consumer preferences. As businesses navigate the evolving landscape of retail, strategic decisions regarding store closures and operational adjustments are being made to ensure long-term success and sustainability.
