Tuesday, April 4, 2017

Dollar General buying Charlotte discount chain

Image result for dollar express storeTennessee-based Dollar General confirmed its plans on Monday to buy all 323 discount stores in 36 states from Dollar Express. That’s the chain of former Family Dollar stores owned since late 2015 by the private equity firm Sycamore Partners.

Read more here: http://www.charlotteobserver.com/news/business/article142449339.html#storylink=cpy

Earlier this year, Dollar General, which tried unsuccessfully to buy Matthews-based Family Dollar in 2014, announced plans to add 1,000 new stores and create more than 10,000 new jobs nationwide this year. The retailer said about 500 of those positions would be in North Carolina. It is unclear whether the hiring initiative is related to the Dollar Express deal.. . . more

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