Why Dollar General Corp (NYSE:DG) Is In Focus?

Dollar General Corp (NYSE:DG) posted plans to establish a distribution hub in Longview. The facility is expected to serve around 1,000 firm’s retail sites in the southeast and Texas and create nearly 400 new jobs. Construction should commence this year once the company gets all needed governmental permits and development permissions.

The buzz

Dollar General is elated to expand their distribution tasks and supply chain in the Lone Star state with latest announcement. Todd Vasos, who is the Chief Executive Officer of company, mentioned that this facility is anticipated to support firm’s growing store number in Texas where they already operate over 1,400 existing sites and have supporting businesses in San Antonio.

They expect the hub to help better serve their clients with convenience and value, and provide career opportunities for company employees. The management would like to show their gratitude for association with Mr. Greg Abbott, Texas Governor, as well as the parties from the city of Longview and Gregg County

As of now, the plan is to make the Longview distribution hub as Dollar General’s 17th facility in the distribution system while it will mark second in Texas. A few years ago, the organization disclosed its plans to bring up a distribution facility in San Antonio. That center, based in Bexar County, celebrated its launch in 2016.

The company considers a number of factors when choosing distribution facilities including its location, its closeness to Dollar General outlets, its local business setting and workforce, among many others. A project of this scale absolutely requires creative ideas and team effort.

In the last trading session, the stock price of Dollar General gained more than 3% to close the day at $98.19. The gains came at a remarkable share volume of 3.27 million compared to average share volume of 2.55 million.

Scott Coper

Scott Coper

Coper graduated from the University of Chicagi with majors in political science and journalism.