Heard on Dollar General's (DG -6.5%) earnings call: 1) Plans to open 635 new stores in FY13,...
Tuesday, December 11, 2012, 12:38 PM ETHeard on Dollar General's (DG -6.5%) earnings call: 1) Plans to open 635 new stores in FY13, including 20 Dollar General Market Stores. Total square footage will increase 7%. 2) Plans to improve inventory controls in 2013. Chinese New Year will be a focus as will "defensive" merchandising. 3) While selling cigarettes should boost sales, the company concedes the category is dying. Even so, expect a rollout in 2013. 4) CEO Rick Dreiling on sentiment: "I think the customer is fatigued, they're tired, they're scared." (webcast)
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