In a letter to Family Dollar’s board of directors, Goodlettsville-based Dollar General has increased its $10 billion bid by roughly two percent after being rejected in favor of a smaller offer from Dollar Tree.
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Family Dollar is citing anti trust concerns for its rejection.
According to a news release from the company, Dollar General has made a $9.7 billion all-cash counter-bid, which tops the cash and stock offer made by Dollar Tree three weeks ago.
“Where’s the cigarettes?” Dollar General CEO Rick Dreiling says that’s the number one question he gets from customers and managers when he visits stores.
Dollar General is on track to open 50 stores in California by year’s end. Company executives think the nation’s most populous state could help the retailer continue its run of record-setting sales figures.
Sales rose 13 percent in the first three months of the year, to nearly $4 billion.
Goodletsville-based Dollar General is in the thick of its first holiday season operating an online store. Like many retailers trying to lure customers, Dollar General is offering free shipping, but without any limits.
Goodletsville-based Dollar General has announced plans to continue expanding next year with an additional 625 stores. The discount chain moved into three new states during the third quarter – Connecticut, New Hampshire, and Nevada.
Goodlettsville-based Dollar General announced plans Monday to open more than 600 stores this year, topping a string of high-growth years.
Goodlettsville-based Dollar General reported record sales in the company’s first quarter Tuesday. The discount retailer is making more money, in part, because it’s getting more of its goods from overseas.
Goodlettsville-based Dollar General posted another good quarter showing consumers are still hunting for bargains.
Goodletsville-based Dollar General is reporting profits up more than three times over the second quarter of last year.