Dollar General plans to invest heavily in its real estate portfolio next year, with over 4,800 projects planned by January 2026. The discount retailer aims to remodel or renovate more than a fifth of its 20,000-store network. This includes 575 new stores and 15 in Mexico, as well as light renovations at 2,250 locations.
The company’s expansion efforts come as profitability declines, with net income falling by 29% year-over-year in the third quarter. However, Dollar General is not alone in facing challenges. Discount chain competitors like 99 Cents Only Stores and Dollar Tree are also trimming their portfolios amid a challenging retail environment.
Dollar Tree reported a 7.6% increase in profit for Q3, while its rival announced plans to close over 1,000 stores. Meanwhile, Dollar General’s expansion plans include a new initiative called Project Elevate, which aims to upgrade customer-facing assets and optimize store layouts.
Source: https://www.bisnow.com/national/news/retail/dollar-general-boosts-real-estate-plans-for-2025-expansion-127073