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VOL. 124 | NO. 28 | Wednesday, February 11, 2009

Dollar General Same-Store Sales Rise in Q4

AP

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GOODLETTSVILLE, Tenn. (AP) - Discount retailer Dollar General Corp. reported same-store sales for the fourth quarter rose 9.4 percent as total sales for the quarter rose 11.2 percent to $2.85 billion.

The Goodlettsville-based company said Tuesday sales in the quarter continued to benefit from strategic operating initiatives implemented during the year to increase both customer traffic and the average ticket.

Sales of seasonal merchandise and other discretionary items were impacted by the weak economy as well as a shorter holiday selling season.

For the 2008 fiscal year, total sales rose 10.1 percent to $10.46 billion. Same-store sales for the year increased 9 percent.

During the fiscal year, the company opened 207 new stores, relocated or remodeled 404 stores and closed 39 stores, ending the year with 8,362 neighborhood stores.

It plans to open about 450 new stores and to remodel or relocate nearly 400 stores in 2009.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 85 317 11,842
MORTGAGES 99 353 13,780
FORECLOSURE NOTICES 41 60 1,918
BUILDING PERMITS 304 784 24,948
BANKRUPTCIES 54 233 7,706
BUSINESS LICENSES 64 161 4,060
UTILITY CONNECTIONS 26 144 4,825
MARRIAGE LICENSES 17 65 2,609

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