Dollar General has announced plans to close 96 store locations in the first quarter of the 52-week fiscal year ending January 30, 2026. This decision was disclosed in the company’s Fourth Quarter and Fiscal Year 2024 report.
In addition to these closures, the company will also shut down 45 of its pOpshelf home decor stores. However, six pOpshelf locations will be converted into Dollar General stores.
The company recently conducted a store portfolio optimization review for both Dollar General and pOpshelf stores. This review assessed store performance, expected future potential, and operating conditions to determine which locations would close or be rebranded.
Dollar General has not yet disclosed the specific locations or timelines for these closures.
“As we look to build on the substantial progress we made on our Back to Basics work in fiscal 2024, we believe this review was appropriate to further strengthen the foundation of our business,” said Todd Vasos, Dollar General’s chief executive officer. “While the number of closings represents less than one percent of our overall store base, we believe this decision better positions us to serve our customers and communities.”
This announcement follows a reported 49.2% decline in fourth-quarter operating profit, which fell to $294.2 million. The company also saw a 29.9% drop in its Fiscal Year Operating Profit. Despite these declines, Dollar General reported a 4.5% increase in Q4 Net Sales, reaching $10.3 billion, along with a 5% increase in Fiscal Year Net Sales.
“We were pleased with the underlying performance of the business in the fourth quarter, including improved execution and solid top-line results,” Vasos added. “As we reflect on our full fiscal 2024 year, we believe our Back to Basics work is resonating with customers, as demonstrated by higher customer satisfaction scores and healthy market share gains.”
