Dollar General met Wall Street expectations with its second-quarter earnings and its plan to continue a bid to acquire competitor Family Dollar Stores. Dollar General said its second quarter net income rose more than 2 percent to $251 million. In the same period last year, the discount retail chain had net income of $245 million. Sales totaled $4.7 billion, up about 7 percent over $4.4 billion a year ago. And even though Family Dollar earlier this month rejected a bid from its larger competitor, Dollar General CEO and Chairman Rick Dreiling said the company remains focused on sealing that deal.
Dollar General announced on Friday that company Chairman and CEO Rick Dreiling is retiring, potentially reducing the chances of a merger with discount rival Family Dollar, according to at least one analyst. Dreiling will retire effective May 30, 2015, or upon the appointment of a successor. He's agreed to continue serving as chairman for a transitional period after a new CEO has been appointed. Dreiling has served as CEO since January 2008 and was named chairman in December 2008. Since his arrival, Dollar General's annual sales have increased more than 80 percent to $17.5 billion in 2013.
GOODLETTSVILLE, Tenn. — Dollar General has named Pat Fili-Krushel to its board of directors effective Oct. 15. “We are excited to welcome Pat to the Dollar General board of directors,” said Rick Dreiling, Dollar General’s chairman and chief executive...
Jul. 2, 2012 12:33pm Elliot Zwiebach Comments 0NASHVILLE, Tenn. — With more than 10,000 stores already in operation, Dollar General Corp. sees opportunities for close to 11,000 more, including more than 1,000 in California, Rick Dreiling, chairman and chief executive officer, told investors here last week. He said the company operates 10,100 stores in 40 states, “and in those states there are another 8,800 opportunities for a dollar store. And if you count states we’re not in, there are another 1,200 opportunities.” Dollar General anticipates tremendous growth from its entry into California, Dreiling added. “California for us will be
Pennsylvania Governor Tom Corbett announced that Dollar General will locate its new distribution center in the state, creating more than 500 jobs and an additional 75 indirect trucking jobs. "My goal is simple: to make sure there's a job out there for every Pennsylvanian who wants one," Corbett said. "Our effort to bring Dollar General to Berks County means that 500 people will have the opportunity to earn a paycheck."