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Dollar General invests $100M in staffing, store enhancement
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Discount retailer Dollar General is planning to invest $100 million in its stores this year, with a primary focus on staffing.
"Looking ahead, we are excited about our plans for fiscal 2023, which include continued investment in our strategic initiatives and an incremental investment of approximately $100 million in our stores, primarily in incremental labor hours," Dollar General CEO Jeff Owen told analysts Thursday in its latest earnings report.
The hefty investment will further enhance "store standards and the in-store experience" and is projected to help Dollar General garner more sales and capture additional market share, Owen continued.
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The company created more than 10,000 new jobs last year. It's total store count sits at just over 19,000 as of February.