Dollar General poised to acquire Dollar Express stores
.With Goodlettsville, Tenn.-based Dollar General Corp. poised to purchase Dollar Express’ 323 stores across 36 states, as many as 2,700 full- and part-time associates could find themselves out of work, according to a published report.
Dollar Express is a chain of onetime Family Dollar stores owned by New York-based private equity firm Sycamore Partners since late 2015, The Charlotte (N.C.) Observer reported, adding that several employees of the business were told that their last day of work would be around June 2, after which the stores would begin the liquidation process, with eventual plans to convert to Dollar General locations.
Dollar General has confirmed the deal, the terms of which weren’t disclosed, but has offered no comment on its plans regarding Dollar Express employees.
In February, Dollar General revealed plans to create almost 10,000 new jobs in 2017, with the aim of staffing 1,000 planned new stores and two new distribution centers.
The April issue of Store Brands magazine will feature a cover story on the dollar store sector, including a close-up of Dollar General’s private brand strategies.