Dollar General hiring 10,000 in expansion push

Discount retailer locked in battle with Dollar Tree

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Reuters

Discount retailer Dollar General said it plans to hire 10,000 employees by mid-October, boosting its head count by nearly 9 pct to support its expansion efforts as it looks to protect its turf amid fierce competition.

The company, which operates stores in Eastern Iowa, said on Thursday it would hire full-time and part-time employees, including for permanent sales floor positions such as store managers, lead sales associates and store associates.

“Dollar General remains focused on our strategy to invest in our employees as a competitive advantage,” Dollar General CEO Todd Vasos said in a statement. “We look forward to providing new employees opportunities to gain new skills, develop their talents and grow their careers through our mission of Serving Others.”

The news comes two weeks after bigger rival Wal-Mart Stores said it would cut 7,000 back-office jobs to focus more of its resources on the sales floor.

Dollar stores operators such as Dollar General and bigger rival Dollar Tree are locked in an intense battle against each other as well as big-box retailers such as Wal-Mart to win over shoppers.

Dollar stores have eaten into the market shares of their big-box rivals in recent years, helped by aggressive expansion, improving product assortment and low prices.

Goodlettsville, Tenn.-based Dollar General operates more than 13,000 stores in the United States and has laid out plans to open 900 stores this year and about 1,000 more in 2017. In 2015 Dollar General opened 730 new stores, remodeled or relocated 881 stores and closed 36.

The retailer had about 113,400 full-time and part-time employees as of Feb. 26. It has hired 42,000 employees since 2008, or an average of about 5,200 each year.

Dollar General’s annual sales grew from $18.9 billion in 2014 to $20.4 billion in 2015. Its expansion plans come a year after the company failed in its attempt to acquire rival Family Dollar for $9.1 billion.

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