In a concerning trend for the retail sector, Dollar General Corporation has announced the closure of 141 stores, impacting both its Dollar General and Popshelf brands. This decision emerged from an evaluation of store performance and operational conditions revealed in its fourth-quarter and fiscal-year 2024 earnings report. Specifically, 96 Dollar General stores and 45 Popshelf locations will be shut down. Additionally, Dollar General plans to convert six Popshelf stores into Dollar General stores as part of its strategy moving forward into fiscal 2025, indicating ongoing adjustments in response to market demands.
Dollar General Corporation is set to close 141 stores, comprising 96 Dollar General and 45 Popshelf locations, due to evaluations of their performance and future prospects.
In a troubling trend for retail, high-profile chains like Dollar General and Popshelf are reducing their physical presence amidst continued challenges in the retail landscape.
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