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Dollar General Corp.

  • Dollar General sets Q4 sales and profit records; 625 stores on tap for 2012

    Goodlettsville, Tenn. -- Dollar General Corp. reported Thursday that profit for the quarter ended Feb. 3 surged 33% to a record $299 million, from $226 million in the prior year.

    Sales increased 20.1% to $4.19 billion, compared with $3.49 billion in the year-ago period. Same-store sales rose 6.5%.
       
    For the full year, profit rose 26% to $819 million, from $649 million in 2010. Sales surged 13.6% to $14.8 billion, from $13 billion last year. Same-store sales rose 6%.
       

  • Dollar General appoints executive VP store operations

    Goodlettsville, Tenn. -- A former Safeway executive has joined Dollar General as its executive VP store operations.

    Effective March 19, Greg Sparks will assume all responsibilities for the operations of more than 9,900 retail stores in 38 states and serve on Dollar General's real estate and store development committee, the company said. Sparks will report to chairman and CEO Rick Dreiling.

    Sparks most recently served as president of Safeway's Seattle division. His departure from the supermarket retailer was announced earlier this week.

  • Former Safeway exec to head store ops at Dollar General

    GOODLETTSVILLE, Tenn. — A former Safeway executive has joined Dollar General as its EVP store operations.

    Effective March 19, Greg Sparks will assume all responsibilities for the operations of more than 9,900 retail stores in 38 states and serve on Dollar General's real estate and store development committee, the company said. Sparks will report to chairman and CEO Rick Dreiling.

    Sparks most recently served as president of Safeway's Seattle division. His departure from the supermarket retailer was announced earlier this week.

  • Real estate snapshot: Grocery centers and outlets lead development

    New York City -- A retail real estate market report, issued by Savills US retail group, found that, even as recovery remains slow, a few formats are progressing at a faster clip than others.

    According to Gerry Mason, head of Savills, the majority of recent and planned retail development is in the grocery-anchored and outlet center category. CBL & Associates and Tanger Outlets are among the most active developers scheduled to break ground in 2012.

  • Genpack to provide IT help desk support to Dollar General

    New York City -- Genpact, a leader in business process and technology management, announced the transition services started in 2011 have been completed and IT Help Desk production support services are now fully operational as of Jan. 1, 2012 with Dollar General Corp.

  • Lowe’s names Dollar General’s Dreiling to board

    Mooresville, N.C. -- Lowe’s Cos. said Friday it has appointed Richard Dreiling, CEO and chairman of Dollar General Corp., to its board of directors. He will serve on the board’s audit and governance committees.

    Dreiling has also served in corner-office positions for Duane Read, Longs Drug, Safeway and Vons.
     

  • Lowe's board looks to Dollar General leadership

    MOORESVILLE, N.C. — Lowe’s has announced that Richard Dreiling has joined its board of directors. He will serve on the board’s audit and governance committees. The announcement brings Lowe’s board of directors to 12 members, 11 of whom are independent.

  • A retail leader named chairman of retail leaders association

    Target chairman, president and CEO Gregg Steinhafel was elected chairman of the board of the Retail Industry Leaders Association (RILA).

    Steinhafel previously served as the board’s vice chairman and in his new capacity succeeds former RILA board chairman Bill Rhodes, chairman, president and CEO of AutoZone. 

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