Dollar General Corporation (NYSE: DG) announced plans to build a
new distribution center in Longview, Texas this morning. The
state-of-the-art facility in Gregg County is expected to create
approximately 400 new jobs at full capacity and serve approximately
1,000 Dollar General retail locations in Texas and the southeast.
Construction should begin in early 2018 pending the receipt of all
required governmental permits and development approvals and the
absence of unforeseen circumstances.
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“Dollar General is excited to expand our supply chain and
distribution operations in the Lone Star state with today’s
announcement,” said Todd Vasos, Dollar General’s chief executive
officer. “This facility is expected to support Dollar General’s
growing store count in Texas where we already operate more than
1,400 current locations and have complementary operations in San
Antonio. We look forward to the facility helping better serve our
customers with value and convenience, as well as creating career
opportunities for approximately 400 future Dollar General
employees. I would like to express my gratitude for our partnership
with Texas Governor Greg Abbott, leadership in both Gregg County
and the city of Longview and the Longview Economic Development
Corporation, all of whom helped support this project.”
Dollar General plans to make the Longview distribution center
its 17th facility in the major discount retailer’s distribution
network and second in Texas. In 2014, Dollar General announced
plans to build its first Texas distribution center in San Antonio,
Texas. Located in Bexar County, that facility celebrated its grand
opening in 2016.
In addition to the full-time jobs the facility is expected to
create, Dollar General also anticipates a strong economic impact
through hundreds of jobs needed to construct the nearly 1,000,000
square foot building. Dollar General has selected Clayco as the
project’s official general contractor, Leo A. Daly as the
architectural engineering firm and Elan Design as the civil
engineering firm.
Dollar General takes a number of factors into consideration when
choosing distribution centers including its location, its proximity
to Dollar General stores, its local business environment and
workforce and the availability of local and state economic
incentives, among many others.
“Texas’ dynamic and booming economy is attracting new businesses
every day, and we are honored to welcome Dollar General's new
distribution center to Longview as the latest example,” said Texas
Governor Greg Abbott. “I am proud that companies like Dollar
General continue to invest in our top-notch workforce, and I am
excited about this partnership and the positive impact it will have
on the Longview community.”
“A project of this magnitude absolutely requires a team effort
and creative ideas,” said Wayne Mansfield, Longview Economic
Development Corporation CEO. “We are grateful for the spirit of
cooperation between Dollar General and our local economic
development partners in order to bring this project to completion.
The result of this collaboration will provide 400 jobs for our
citizens and expand our tax base. The successful recruitment of
Dollar General is testimony to the competitive advantages Longview
and Gregg County possess. Dollar General’s reputation of success
will fit well with our community.”
Dollar General currently has more than 1,400 stores and over
12,000 employees in Texas. Dollar General currently has 15
distribution centers that are located in Alabama, California,
Florida, Georgia, Indiana, Kentucky, Mississippi, Missouri, Ohio,
Oklahoma, Pennsylvania, South Carolina, Texas (San Antonio),
Virginia and Wisconsin. The Company’s 16th distribution center in
Amsterdam, New York is currently under construction.
For additional information, photographs or items to supplement a
story, please contact the Media Relations Department at
1-877-944-DGPR (3477) or via email at dgpr@dg.com.
Forward-Looking
Statements
This press release contains forward-looking information,
including statements regarding Dollar General’s outlook, plans and
intentions including, but not limited to, statements made within
the quotations of Messrs. Vasos and Mansfield. A reader can
identify forward-looking statements because they are not limited to
historical fact or they use words such as “may,” “will,”
“believe,” “plan,” “expect,” “estimate,” “forecast,” “anticipate,”
“intend,” “should,” “could,” “would,” or “look forward,” and
similar expressions that concern Dollar General’s strategy, plans,
intentions or beliefs about future occurrences or results,
including without limitation statements regarding job creation,
economic impact, and timing related to the Longview, Texas
distribution center.
These matters involve risks, uncertainties and other factors
that may cause the actual performance of Dollar General to differ
materially from that which Dollar General expected. Many of these
statements are derived from Dollar General’s operating budgets and
forecasts as of the date of this release, which are based on many
detailed assumptions that Dollar General believes are reasonable.
However, it is very difficult to predict the effect of known
factors on Dollar General’s future results, and Dollar General
cannot anticipate all factors that could affect future results that
may be important to an investor. All forward-looking information
should be evaluated in the context of these risks, uncertainties
and other factors, including those factors disclosed under “Risk
Factors” in Dollar General’s Annual Report on Form 10-K filed with
the Securities and Exchange Commission on March 24, 2017 and
Quarterly Report on Form 10-Q filed with the Securities and
Exchange Commission on December 7, 2017. Important factors that
could cause actual results to differ materially from the
expectations expressed in or implied by such forward-looking
statements include, but are not limited to failure to receive all
required governmental permits and development approvals, and:
- economic conditions and other economic
factors, including their effect on employment levels, consumer
demand, customer traffic, customer disposable income, credit
availability and spending patterns, inflation, commodity prices,
fuel prices, interest rates, exchange rate fluctuations and the
cost of goods;
- failure to successfully execute the
Company’s strategies and initiatives, including those relating to
merchandising, marketing, real estate, sourcing, shrink, private
brand, distribution and transportation, store operations, store
formats, budgeting and expense reduction, and technology;
- failure to open, relocate and remodel
stores profitably and on schedule, as well as failure of the
Company’s new store base to achieve sales and operating levels
consistent with the Company’s expectations;
- effective response to competitive
pressures and changes in the competitive environment and the
markets where the Company operates, including, but not limited to,
pricing, consolidation and omnichannel shopping;
- levels of inventory shrinkage;
- failure to successfully manage
inventory balances;
- disruptions, unanticipated or unusual
expenses or operational failures in the Company’s supply chain
including, without limitation, a decrease in transportation
capacity for overseas shipments, increases in transportation costs
(including increased fuel costs and carrier rates or driver wages),
work stoppages or other labor disruptions that could impede the
receipt of merchandise, or delays in constructing or opening new
distribution centers;
- risks and challenges associated with
sourcing merchandise from suppliers, including, but not limited to,
those related to international trade;
- risks and challenges associated with
the Company’s private brands, including, but not limited to, the
Company’s level of success in gaining and maintaining broad market
acceptance of its private brands;
- unfavorable publicity or consumer
perception of the Company’s products, including, but not limited
to, related product liability;
- the impact of changes in or
noncompliance with governmental laws and regulations (including,
but not limited to, environmental compliance, product safety, food
safety, information security and privacy, and labor and employment
laws, as well as tax laws, the interpretation of existing tax laws,
or the Company’s failure to sustain its reporting positions
negatively affecting the Company’s tax rate) and developments in or
outcomes of private actions, class actions, administrative
proceedings, regulatory actions or other litigation;
- incurrence of material uninsured
losses, excessive insurance costs or accident costs;
- natural disasters, unusual weather
conditions, pandemic outbreaks, terrorist acts and geo-political
events;
- failure to maintain the security of
information that the Company holds, whether as a result of
cybersecurity attacks or otherwise;
- damage or interruption to the Company’s
information systems or failure of technology initiatives to deliver
desired or timely results;
- ability to attract, train and retain
qualified employees, while controlling labor costs (including
effects of potential federal or state regulatory changes related to
overtime exemptions, if implemented) and other labor issues;
- loss of key personnel, inability to
hire additional qualified personnel or disruption of executive
management as a result of retirements or transitions;
- seasonality of the Company’s
business;
- deterioration in market conditions,
including market disruptions, limited liquidity and interest rate
fluctuations, or a lowering of the Company’s credit ratings;
- new accounting guidance, or changes in
the interpretation or application of existing guidance, such as
changes to guidance related to leases, revenue recognition and
intra-company transfers;
- the factors disclosed under “Risk
Factors” in the Company’s most recent Annual Report on Form 10-K;
and
- such other factors as may be discussed
or identified in this press release.
All forward-looking statements are qualified in their entirety
by these and other cautionary statements that Dollar General makes
from time to time in its SEC filings and public communications.
Dollar General cannot assure the reader that it will realize the
results or developments Dollar General anticipates or, even if
substantially realized, that they will result in the consequences
or affect Dollar General or its operations in the way Dollar
General expects. Forward-looking statements speak only as of the
date made. Dollar General undertakes no obligation, and
specifically disclaims any duty, to update or revise any
forward-looking statements to reflect events or circumstances
arising after the date on which they were made, except as otherwise
required by law. As a result of these risks and uncertainties,
readers are cautioned not to place undue reliance on any
forward-looking statements included herein or that may be made
elsewhere from time to time by, or on behalf of, Dollar
General.
About Dollar General
Corporation
Dollar General Corporation has been delivering value to shoppers
for over 75 years. Dollar General helps shoppers Save time. Save
money. Every day!® by offering products that are frequently used
and replenished, such as food, snacks, health and beauty aids,
cleaning supplies, basic apparel, housewares and seasonal items at
everyday low prices in convenient neighborhood locations. Dollar
General operated 14,321 stores in 44 states as of November 3, 2017.
In addition to high quality private brands, Dollar General sells
products from America’s most-trusted manufacturers such as Clorox,
Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever,
Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo. For
more information on Dollar General, please visit
www.dollargeneral.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20171227005085/en/
Dollar General CorporationCrystal Ghassemi, 1-877-944-DGPR
(3477)dgpr@dollargeneral.com
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