Dollar General Corp.

Goodlettsville, Tenn. — Dollar General announced Thursday that David Tehle, executive VP and CFO, will retire from Dollar General effective July 1, 2015. The retailer has started a search for a successor and will consider both internal and external candidates for the job.

Who needs Family Dollar? After a failed bid to acquire its smaller rival, Dollar General is on the move and extending its presence to three new states.

Goodlettsville, Tenn. -- Dollar General isn’t letting its failed bid for rival Family Dollar slow its momentum. On Saturday, Dollar General announced it is entering three new states: Oregon, Maine and Rhode Island. The expansion will give it stores in a total of 43 states nationwide.

Dollar General already operates more than 11,700 stores, but entry into the three new states gives it more greenfield expansion opportunities to pursue while Dollar Tree is busy integrating the recently acquired Family Dollar chain.

Chesapeake, Va. -- Dollar Tree reported that its net income dropped 13% to $206.6 million in the fourth quarter of fiscal 2014, down from $239 million in the year ago period. The quarter included $6.7 million in acquisition-related costs associated with the pending merger with Family Dollar Stores Inc.

New York -- Dollar General CEO Rick Dreiling had planned to retire in a few months, but after Family Dollar shareholder’s snubbed his company’s buyout offer, Dreiling said he’ll stick around a bit longer.

Last June, Dollar General indicated that Dreiling would step down as CEO effective May 30, or possibly sooner depending on the conclusion of a search for his successor.

Dollar General CEO Rick Dreiling had planned to retire in a few months, but after Family Dollar shareholder’s snubbed his company’s buyout offer, Dreiling said he’ll stick around a bit longer.

New York -- After months of delay and a failed bid by Dollar General, Family Dollar shareholders agreed to be acquired by Dollar Tree in a deal that creates a combined company with more than 14,000 locations, estimated annual sales of $19 billion and compelling growth opportunities.

Approval of the deal creates a new competitive dynamic in the world of extreme value retailing with the combination of Dollar Tree and Family Dollar making for a more formidable competitor to Dollar General and its nearly 12,000 stores.

(L-R) Target's Brian Cornell and Walgreens' Alexander Gourlay