US value retailer Dollar General has announced plans to open 625 stores in fiscal 2011 with the creation of around 6,000 jobs.
The stores and jobs will be spread among Dollar General’s existing 35-state operating area as well as in three new states: Connecticut, Nevada and New Hampshire.
“Bringing our store model of convenience and value to more people in more states is an exciting opportunity for us,” said Rick Dreiling, Dollar General’s chairman and CEO. “We believe the new communities and states we are entering will benefit from the new jobs, shopping choices and dedication to community found at Dollar General.”
In addition to the new stores, the company said it also plans to remodel or relocate 550 stores.
The store openings follows a “strong” third quarter in which Dollar General recorded a 69% leap in adjusted net income. The firm also raised its full-year profit targets.
