Dollar General Same-Store Sales Rise in Q4

AP

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.

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