Dollar General Looks Ahead
By George Anderson
Management at Dollar General doesn’t want to spend much time talking about past mistakes it says it has fixed. It is much more interested in its plans to open new stores, including
20 Dollar General Market format units.
The company announced it would pay $10 million to settle a Securities and Exchange Commission (SEC) investigation into the company’s audited financial statements for 1998 and
1999 as well as unaudited information from 2000.
David Purdue, chairman and chief executive of Dollar General said, “We are pleased this matter is drawing to a close, and we’re satisfied that the proposed settlement is fair.”
Mr. Purdue and others are high on the performance of the new Dollar General Market format store, which the company says is exceeding their expectations. The new format emphasizes
food and is roughly twice the size of a typical Dollar General.
Moderator’s Comment: Do you expect Dollar General Markets to eventually replace the retailer’s standard store in similar
fashion to how Wal-Mart has replaced its discount stores with supercenters? – George
Anderson – Moderator