Dollar General’s net sale zooms in 2016 | Retail News USA
Home » News » Retailers News » Dollar Generals Net Sale Zooms In 2016

Dollar General’s net sale zooms in 2016


READ MORE ON Dollar GeneralFinancial ResultsRetailer News USARetail Information

Dollar General

Image Courtesy:

Dollar General Corporation, an American chain of variety stores headquartered in Tennessee, has announced results for its fourth quarter and fiscal year ended February 3, 2017. In the fourth quarter, net sales increased by 13.7 per cent to US $ 6.0 billion in the 2016 fourth quarter compared to US $ 5.3 billion in the 2015 fourth quarter.

Same-store sales for Dollar General, which is planning to open 1,000 new stores in 2017, increased 1.0 per cent from the 2015 fourth quarter primarily due to an increase in average transaction amount, partially offset by a slight decline in traffic that moderated from the second and third quarters.

The net sales increase was positively affected by sales from new stores, modestly offset by sales from closed stores.

Full-year 2016 same-store sales zoomed 0.9 per cent due to an increase in average transaction amount accompanied by traffic that was essentially unchanged as compared to the prior year. Same-store sales were driven by positive results in the consumables and home products categories partially offset by negative results in the apparel and seasonal categories.

Also ReadDollar General’s EVP & CMO to retire

The company’s gross profit rate was 30.8 per cent of sales in 2016 compared to 31.0 per cent in 2015, a decrease of 11 basis points.

“We are pleased with our fourth quarter 2016 financial results, and believe that during the quarter many of our initiatives continued to gain traction. For the year, we effectively managed through what proved to be a challenging retail environment to deliver same-store sales growth of 0.9 per cent,” said Todd Vasos, Dollar General’s Chief Executive Officer.


Have some news? Let us know on

Comments are closed.

Recommended by Apparel Resources

ShopClues starts GST compliance services for MSMEs

India’s online marketplace, ShopClues, has decided to conduct workshops to help MSME merchants to have a smooth transition to Goods and Services Tax...

Under Armour Appoints Ex-Aldo CEO as President, COO

Under Armour, Inc. has announced the appointment of Patrik Frisk as company's President and Chief Operating Officer (COO) effective July 10. In conjunction...

Amazon India launches sixth fulfilment Centre in Mumbai

Ecommerce leader Amazon India on Tuesday announced the launch of its sixth fulfilment centre (FC) for Mumbai and the eighth in Maharashtra, a...

New Look Appoints New Global Creative Chief

The UK Fashion brand, New Look, gets Paula Dumont Lopez as the new Chief Creative Officer of the firm’s global operations, succeeding Roger...

NRF rolls out ‘Top 100 Retailers’ List of US

The National Retail Federation’s (NRF) STORES Magazine along with Kantar Retail have released the annual Top 100 Retailers List of US. The largest...

Future Group to expand ‘Central’

India-based Future Group's lifestyle and fashion retail outlet Central is planning to invest Rs. 300 crore to expand its reach. Currently, it operates...

Future Group to focus on fashion business, not on e-commerce

Future Group, a prominent player in the Indian fashion retail sector, has decided to pay attention on its fashion business to make it...

KIODA to enter Indian market

Malaysian retail chain KIODA, which pledges to provide the fans with quality products at affordable price, has joined hands with Franchise India to...

Pepe Jeans to enhance presence in India

Pepe Jeans is planning to increase its store count in India. "Our target is to open 50 stores in the Indian market, which...

Gerry Weber’s Retail Head departs

Norbert Steinke, Chief Retail Officer of Gerry Weber and Hallhuber, has resigned from his post with immediate effect. The 56-year-old opted to resign...