Market Overview

Dollar General Plans To Add 10,000 New Jobs As Same-Store Sales Come Under Pressure

Dollar General Plans To Add 10,000 New Jobs As Same-Store Sales Come Under Pressure

Dollar General Corp. (NYSE: DG) announced on Thursday it plans to hire 10,000 new employees for store openings and to fill current vacancies.

Dollar General is in need of fresh blood for its more than 13,000 retail locations and is seeking to hire full-time and part-time positions including store managers, assistant store managers and associates for permanent roles.

The company will hold around 600 localized hiring events across the country through September 24.

Related Link: Dollar General's Selloff May Have Created An Entry Point

"Dollar General remains focused on our strategy to invest in our employees as a competitive advantage," said Todd Vasos, Dollar General's chief executive officer. "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."

Dollar General's stock is trading nearly flat compared to a year ago and tumbled from the $90 per share mark in late August after reporting its softest same-store sales growth in the second quarter dating back all the way to the fourth quarter of 2007.

Analysts at Goldman Sachs suggested that continued weakness in Dollar General's same-store sales could continue for at least the next three quarters due to increased competition and macro-headwinds such as food deflation and cuts to SNAP benefits.

A list of Dollar General's hiring events is available at here.

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Posted-In: dollar general dollar stores Goldman Sachs Todd VasosNews General Best of Benzinga


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