Content about Rick Dreiling

March 13, 2014

An unrelenting Dollar General continues to push forward with plans to open 700 stores this year despite reporting weak financial results and a 1.3% same-store sales increase for the fourth quarter.

An unrelenting Dollar General continues to push forward with plans to open 700 stores this year despite reporting weak financial results and a 1.3% same-store sales increase for the fourth quarter.

January 27, 2014

Dollar General chairman and CEO Rick Dreiling was elected chairman of the Retail Industry Leaders Association (RILA) to fill a position held the past two years by Target chairman, president and CEO Gregg Steinhafel.

Dollar General chairman and CEO Rick Dreiling was elected chairman of the Retail Industry Leaders Association (RILA) to fill a position held the past two years by Target chairman, president and CEO Gregg Steinhafel.

Dreiling’s appointment was announced at RILA’s semi-annual board of directors meeting held Sunday in Naples, Fla. Steinhafel will continue to serve as a member of organization’s executive committee.

December 5, 2013

A record 700 new Dollar General stores are slated to open in 2014, the company announced Thursday morning after reporting third-quarter results and tempering its full-year sales forecast.

A record 700 new Dollar General stores are slated to open in 2014, the company announced Thursday morning after reporting third-quarter results and tempering its full-year sales forecast.

Same-stores sales at Dollar General increased 4.4% and total sales increased 10.5% to $4.38 billion during the third quarter ended Nov. 1. Profits increase 14% to $237 million from $208 million and earnings per share increased 19% to 74 cents from 62 cents.

November 4, 2013

A desire to improve operational efficiency and capitalize on scale were cited as reasons for several senior level executive moves at Dollar General.

A desire to improve operational efficiency and capitalize on scale were cited as reasons for several senior level executive moves at Dollar General.

The retailer recently surpassed 11,000 units and chairman and CEO Rick Dreiling said the enhanced management structure involving Todd Vasos and David D’Arezzo would align the company for continued future growth.

October 7, 2013

Dollar General has opened its 11,000th store, further distinguishing the dollar-store operator as the retailer with the most stores in the United States.

Dollar General has opened its 11,000th store, further distinguishing the dollar-store operator as the retailer with the most stores in the United States. 

May 20, 2013

The Dollar General Literacy Foundation has awarded more than $6 million in grants to more than 725 schools, nonprofits and literacy organizations to support adult, family and summer literacy programs.

GOODLETTSVILLE, Tenn. — The Dollar General Literacy Foundation has awarded more than $6 million in grants to more than 725 schools, nonprofits and literacy organizations to support adult, family and summer literacy programs.

March 25, 2013

Dollar General announced that Susan Lanigan, EVP and general counsel, has decided to retire from Dollar General later this year after nearly 11 years with the company.

GOODLETTSVILLE, Tenn. — Dollar General announced that Susan Lanigan, EVP and general counsel, has decided to retire from Dollar General later this year after nearly 11 years with the company.

December 11, 2012

Dollar General fined tuned its full year sales and profit forecast following better than expected third quarter results that also flashed a few warning signs.

Dollar General fined tuned its full year sales and profit forecast following better than expected third quarter results that also flashed a few warning signs.

December 5, 2012

Dollar General has elected Sandy Cochran, president and CEO of Cracker Barrel Old Country Store, to its board of directors, effective December 5.

GOODLETTSVILLE, Tenn. — Dollar General has elected Sandy Cochran, president and CEO of Cracker Barrel Old Country Store, to its board of directors, effective December 5.

“We are excited to add Sandy to the Dollar General board of directors,” said Rick Dreiling, Dollar General’s chairman and CEO. “Sandy’s extensive experience and perspective will provide us with valuable insights as we continue to grow our business. Her expertise will complement our board as we strive to build shareholder value.”

September 5, 2012

Same store sales increased 5.1% at Dollar General during the second quarter and the company remains on track to open more than 600 new stores this year.

Same store sales increased 5.1% at Dollar General during the second quarter and the company remains on track to open more than 600 new stores this year.

Sales increased 10.4% to $3.95 billion during the second quarter ended August 3, thanks to the combination of same store sales growth and the addition of new stores. Net income increased 47% to $214 million in the second quarter compared to $146 million the prior year and earnings per share increased 52% 64 cents, inline with analysts’ consensus estimated, compared to 42 cents the prior year.

June 5, 2012

Surging profits and a 6.7% first quarter same-store sales increase prompted Dollar General to raise its full-year profit forecast by three cents.

GOODLETTSVILLE, Tenn. — Surging profits and a 6.7% first quarter same-store sales increase prompted Dollar General to raise its full-year profit forecast by three cents.

Dollar General shows no signs of slowing down this year after posting first-quarter results that saw the company’s total sales increase 13% to nearly $3.5 billion and net income increase 36% to $213 million. The 6.7% comp increase was driven by an increase in customer traffic and average transaction size, according to the company.

March 30, 2012

Nothing is slowing down Dollar General, which, shortly after reporting surging quarterly sales and profits, announced that it will open its 10,000th store in the United States.

GOODLETTSVILLE, Tenn. — Nothing is slowing down Dollar General, which, shortly after reporting surging quarterly sales and profits, announced that it will open its 10,000th store in the United States. The store will be located in Merced, Calif., and is one the company's first stores in California.

March 15, 2012

A former Safeway executive has joined Dollar General as its EVP store operations.

GOODLETTSVILLE, Tenn. — A former Safeway executive has joined Dollar General as its EVP store operations.

Effective March 19, Greg Sparks will assume all responsibilities for the operations of more than 9,900 retail stores in 38 states and serve on Dollar General's real estate and store development committee, the company said. Sparks will report to chairman and CEO Rick Dreiling.

Sparks most recently served as president of Safeway's Seattle division. His departure from the supermarket retailer was announced earlier this week.

December 12, 2011

Walmart faces increased competition from dollar stores, as their value proposition still resonates with cash-strapped consumers.

Target faces increased competition from dollar stores, as their value proposition still resonates with cash-strapped consumers. Dollar General, for example reported that net income for its third quarter was $171 million, 50 cents per diluted share, compared with net income of $128 million, or diluted EPS of 37 cents, in the third of fiscal 2010. The company reported that same-store sales increased 6.3% for the quarter. 

December 8, 2011

Walmart faces increased competition from dollar stores, as their value proposition still resonates with cash-strapped consumers.

Walmart faces increased competition from dollar stores, as their value proposition still resonates with cash-strapped consumers. Dollar General, for example reported that net income for its third quarter was $171 million, 50 cents per diluted share, compared with net income of $128 million, or diluted EPS of 37 cents, in the third of fiscal 2010. The company reported that same-store sales increased 6.3% for the quarter. 

December 6, 2011

Dollar General on Monday told analysts the company plans to open 40 DG Market concepts in 2012 in both new and existing markets based on the success of the concept.

GOODLETTSVILLE, Tenn. — Dollar General on Monday told analysts the company plans to open 40 DG Market concepts in 2012 in both new and existing markets based on the success of the concept.

June 1, 2011

Sales and profits continued to pile up at the nation’s largest dollar store operator during the first quarter as shoppers sought value at the retailer’s 9,500 stores.

Sales and profits continued to pile up at the nation’s largest dollar store operator during the first quarter as shoppers sought value at the retailer’s 9,500 stores.

The company reported a 5.4% increase in same-store sales and said total sales increased 10.9% to $3.45 billion during the quarter ended April 29. Profits adjusted to account for several one-time items increased 14% to $166 million, while earnings per share of 48 centers were two cents shy of analysts’ consensus estimate due to gross margins pressures.

March 22, 2011

Though Dollar General's fourth-quarter sales growth came in at slightly below analysts' expectations, the company is still considered a good investment.

GOODLETTSVILLE, Tenn. -- Though Dollar General's fourth-quarter sales growth came in at slightly below analysts' expectations, the company is still considered a good investment.

January 3, 2011

Dollar General announced that in addition to opening 625 new stores in fiscal 2011, it intends to create 6,000 new jobs.

GOODLETTSVILLE, Tenn. - Dollar General announced that in addition to opening 625 new stores in fiscal 2011, it intends to create 6,000 new jobs. 

“Bringing our store model of convenience and value to more people in more states is an exciting opportunity for us,” said Rick Dreiling, Dollar General’s chairman and CEO. “We believe the new communities and states we are entering will benefit from the new jobs, shopping choices and dedication to community found at Dollar General.“

November 11, 2010

Dollar General announced that Kyle Busch's No. 18 Toyota Tundra will be sporting the...