By Shopping Center News, Thursday, March 13, 2014
Dollar General to recycle smaller units
A “lifecycle remodeling” program for its smallest stores rather than relocating them, Rick Dreiling, chairman and CEO, told investors Thursday during an earnings call.
The stores in the lifecycle program run between 5,700 square feet and 6,500 square feel — “stores that are undersized by our current standards that historically we might have relocated,” he explained.
“But they’re in keeper sites now, and we don’t have the opportunity to expand them, so we’ve done some experimentation working with a smaller store —going in and refreshing it and making the commitment to the right categories that are there rather than trying to play in every category — really focusing on those that are most productive.