Growth is welcome after Q2 stumble.
Dollar General announced that it plans to hire some 10,000 new employees as it expands its number of stores. The chain operates more than 13,000 retail locations and has said that it will open approximately 1,000 new stores during 2017. The new hires are expected to be made by October 15.
In March, CEO Todd Vasos asserted, “Dollar General has a powerful strategic plan that enables us to drive both the top line and bottom line to deliver strong financial returns as outlined in our growth model over the long-term. With strong cash flow and an efficient capital structure, we believe that we have a compelling opportunity to invest for growth while also returning cash to shareholders through consistent share repurchases and anticipated quarterly dividends.”
Although the chain saw lower than anticipated Q2 numbers, Vasos is confident that they can beat their competition. Last month, Dollar General announced an aggressive campaign to lower costs and attract new customers. Vasos said, “We are taking aggressive action across merchandising and store operations to address these factors and help drive same-store sales. And we will continue to be very disciplined in our spending…It will take time for our initiatives to resonate with our consumer.”
The new openings are for both full-time and part-time workers including store managers, assistant store managers, lead sales associates and store associates. The retailer is also hosting 600 hiring events through Sept. 24, where applicants can meet with local store managers and human resources executives.
“The company’s continued growth presents numerous opportunities for candidates looking to start or grow their career at one of America’s fastest-growing retailers,” said Bob Ravener, Dollar General’s executive vice president and chief people officer. “Fueled by the company’s growth, Dollar General has created approximately 42,000 new jobs since 20008 so candidates should look to Dollar General as an employer of choice for numerous factors including our training and development opportunities and the ability to advance within the company. It really is an exciting time to be a Dollar General employee.”
The Dollar General hiring spree comes as retailers are beefing up their holiday staffing efforts in an increasing competitive labor field.
“Dollar General remains focused on our strategy to invest in our employees as a competitive advantage,” asserted Vasos. “We look forward to providing new employees opportunities to gain new skills, develop their talents and grow their careers through our mission of Serving Others.”
