Store closures can often be the sign of a retailer in a period of struggle. Take Kohl’s, for example, which closed about two dozen stores earlier this year and posted a disappointing earnings report this week.
Dollar General is bucking that trend. The Fortune 500 discount retailer said Thursday during its earnings report it closed 96 locations in the fourth quarter that ended in late January, but its net sales actually increased 4.5% to $10.3 billion. For the entire fiscal 2024 year, net sales jumped 5.0% to $40.6 billion. Shares were up more than 3.5% as of mid-day Thursday.
