This story is not without some context.
I think, it ws something like “when rates were really cheap they expanded too quickly” or something like that. I’ll have to look into it to confirm.
This story does not seem to go into that history much but seems to leave out some missing pieces.
It’s like a list of positive news and an announcement that they are closing stores.
As part of the reevaluation, the dollar-store chain said it will close 96 Dollar General stores and 45 Popshelf stores and will convert six other Popshelf stores into flagship banner locations in the first quarter. Popshelf stores cater to higher-income shoppers seeking inexpensive products.
On the company’s earnings call, CEO Todd Vasos warned consumers “only have enough money for basic essentials” and that the macro environment isn’t likely to improve this year. . . .
Fourth-quarter revenue rose 4.5% from. . . 2023. . . .
Revenue. . . up almost 5% from $38.69 billion in 2023. . .
according to Copilot
As of February 2025, there are approximately 20,401 Dollar General stores in the United States. For pOpshelf, there are around 231 stores across the country
I would actually walk into one of those if they were up here. I want to know what they mean by higher income shoppers seeking inexpensive products. No brand names? What does that even mean?
You’d think as a result of inflation, Dollar General would be killing it now.
Their revenue is up almost 400% since 2009 (9.3% CAGR)
Revenue since 2009:
Their profit is positive, but not as positive as one might expect:
Profit since 2009:
I forget what the context is.
I think they expanded too much or something and now they are getting rid of he non-performing stores, but that is just an educated guess.
There’s one on every corner and they don’t staff them properly. Understaffing lends itself to theft. Then, out of nowhere they started online sales, but it’s all ship to store.
