Dollar General Announces Plans to Build New Distribution Center and Create Approximately 400 New Jobs in Longview, Texas
Wed, 27 Dec 2017
GOODLETTSVILLE, Tenn.--(BUSINESS WIRE)--
Dollar General Corporation (NYSE: DG) announced plans to build a new
distribution center in Longview, Texas this morning. The
state-of-the-art facility in Gregg County is expected to create
approximately 400 new jobs at full capacity and serve approximately
1,000 Dollar General retail locations in Texas and the southeast.
Construction should begin in early 2018 pending the receipt of all
required governmental permits and development approvals and the absence
of unforeseen circumstances.
“Dollar General is excited to expand our supply chain and distribution
operations in the Lone Star state with today’s announcement,” said Todd
Vasos, Dollar General’s chief executive officer. “This facility is
expected to support Dollar General’s growing store count in Texas where
we already operate more than 1,400 current locations and have
complementary operations in San Antonio. We look forward to the facility
helping better serve our customers with value and convenience, as well
as creating career opportunities for approximately 400 future Dollar
General employees. I would like to express my gratitude for our
partnership with Texas Governor Greg Abbott, leadership in both Gregg
County and the city of Longview and the Longview Economic Development
Corporation, all of whom helped support this project.”
Dollar General plans to make the Longview distribution center its 17th
facility in the major discount retailer’s distribution network and
second in Texas. In 2014, Dollar General announced plans to build its
first Texas distribution center in San Antonio, Texas. Located in Bexar
County, that facility celebrated its grand opening in 2016.
In addition to the full-time jobs the facility is expected to create,
Dollar General also anticipates a strong economic impact through
hundreds of jobs needed to construct the nearly 1,000,000 square foot
building. Dollar General has selected Clayco as the project’s official
general contractor, Leo A. Daly as the architectural engineering firm
and Elan Design as the civil engineering firm.
Dollar General takes a number of factors into consideration when
choosing distribution centers including its location, its proximity to
Dollar General stores, its local business environment and workforce and
the availability of local and state economic incentives, among many
others.
“Texas’ dynamic and booming economy is attracting new businesses every
day, and we are honored to welcome Dollar General's new distribution
center to Longview as the latest example,” said TexasGovernor Greg
Abbott. “I am proud that companies like Dollar General continue to
invest in our top-notch workforce, and I am excited about this
partnership and the positive impact it will have on the Longview
community.”
“A project of this magnitude absolutely requires a team effort and
creative ideas,” said Wayne Mansfield, Longview Economic Development
Corporation CEO. “We are grateful for the spirit of cooperation between
Dollar General and our local economic development partners in order to
bring this project to completion. The result of this collaboration will
provide 400 jobs for our citizens and expand our tax base. The
successful recruitment of Dollar General is testimony to the competitive
advantages Longview and Gregg County possess. Dollar General’s
reputation of success will fit well with our community.”
Dollar General currently has more than 1,400 stores and over 12,000
employees in Texas. Dollar General currently has 15 distribution centers
that are located in Alabama, California, Florida, Georgia, Indiana,
Kentucky, Mississippi, Missouri, Ohio, Oklahoma, Pennsylvania, South
Carolina, Texas (San Antonio), Virginia and Wisconsin. The Company’s 16th
distribution center in Amsterdam, New York is currently under
construction.
For additional information, photographs or items to supplement a story,
please contact the Media Relations Department at 1-877-944-DGPR (3477)
or via email at dgpr@dg.com.
Forward-Looking Statements
This press release contains forward-looking information, including
statements regarding Dollar General’s outlook, plans and intentions
including, but not limited to, statements made within the quotations of
Messrs. Vasos and Mansfield. A reader can identify forward-looking
statements because they are not limited to historical fact or they use
words such as “may,” “will,” “believe,” “plan,” “expect,” “estimate,”
“forecast,” “anticipate,” “intend,” “should,” “could,” “would,” or “look
forward,” and similar expressions that concern Dollar General’s
strategy, plans, intentions or beliefs about future occurrences or
results, including without limitation statements regarding job creation,
economic impact, and timing related to the Longview, Texas distribution
center.
These matters involve risks, uncertainties and other factors that may
cause the actual performance of Dollar General to differ materially from
that which Dollar General expected. Many of these statements are derived
from Dollar General’s operating budgets and forecasts as of the date of
this release, which are based on many detailed assumptions that Dollar
General believes are reasonable. However, it is very difficult to
predict the effect of known factors on Dollar General’s future results,
and Dollar General cannot anticipate all factors that could affect
future results that may be important to an investor. All forward-looking
information should be evaluated in the context of these risks,
uncertainties and other factors, including those factors disclosed under
“Risk Factors” in Dollar General’s Annual Report on Form 10-K filed with
the Securities and Exchange Commission on March 24, 2017 and Quarterly
Report on Form 10-Q filed with the Securities and Exchange Commission on
December 7, 2017. Important factors that could cause actual results to
differ materially from the expectations expressed in or implied by such
forward-looking statements include, but are not limited to failure to
receive all required governmental permits and development approvals, and:
economic conditions and other economic factors, including their effect
on employment levels, consumer demand, customer traffic, customer
disposable income, credit availability and spending patterns,
inflation, commodity prices, fuel prices, interest rates, exchange
rate fluctuations and the cost of goods;
failure to successfully execute the Company’s strategies and
initiatives, including those relating to merchandising, marketing,
real estate, sourcing, shrink, private brand, distribution and
transportation, store operations, store formats, budgeting and expense
reduction, and technology;
failure to open, relocate and remodel stores profitably and on
schedule, as well as failure of the Company’s new store base to
achieve sales and operating levels consistent with the Company’s
expectations;
effective response to competitive pressures and changes in the
competitive environment and the markets where the Company operates,
including, but not limited to, pricing, consolidation and omnichannel
shopping;
levels of inventory shrinkage;
failure to successfully manage inventory balances;
disruptions, unanticipated or unusual expenses or operational failures
in the Company’s supply chain including, without limitation, a
decrease in transportation capacity for overseas shipments, increases
in transportation costs (including increased fuel costs and carrier
rates or driver wages), work stoppages or other labor disruptions that
could impede the receipt of merchandise, or delays in constructing or
opening new distribution centers;
risks and challenges associated with sourcing merchandise from
suppliers, including, but not limited to, those related to
international trade;
risks and challenges associated with the Company’s private brands,
including, but not limited to, the Company’s level of success in
gaining and maintaining broad market acceptance of its private brands;
unfavorable publicity or consumer perception of the Company’s
products, including, but not limited to, related product liability;
the impact of changes in or noncompliance with governmental laws and
regulations (including, but not limited to, environmental compliance,
product safety, food safety, information security and privacy, and
labor and employment laws, as well as tax laws, the interpretation of
existing tax laws, or the Company’s failure to sustain its reporting
positions negatively affecting the Company’s tax rate) and
developments in or outcomes of private actions, class actions,
administrative proceedings, regulatory actions or other litigation;
incurrence of material uninsured losses, excessive insurance costs or
accident costs;
failure to maintain the security of information that the Company
holds, whether as a result of cybersecurity attacks or otherwise;
damage or interruption to the Company’s information systems or failure
of technology initiatives to deliver desired or timely results;
ability to attract, train and retain qualified employees, while
controlling labor costs (including effects of potential federal or
state regulatory changes related to overtime exemptions, if
implemented) and other labor issues;
loss of key personnel, inability to hire additional qualified
personnel or disruption of executive management as a result of
retirements or transitions;
seasonality of the Company’s business;
deterioration in market conditions, including market disruptions,
limited liquidity and interest rate fluctuations, or a lowering of the
Company’s credit ratings;
new accounting guidance, or changes in the interpretation or
application of existing guidance, such as changes to guidance related
to leases, revenue recognition and intra-company transfers;
the factors disclosed under “Risk Factors” in the Company’s most
recent Annual Report on Form 10-K; and
such other factors as may be discussed or identified in this press
release.
All forward-looking statements are qualified in their entirety by these
and other cautionary statements that Dollar General makes from time to
time in its SEC filings and public communications. Dollar General cannot
assure the reader that it will realize the results or developments
Dollar General anticipates or, even if substantially realized, that they
will result in the consequences or affect Dollar General or its
operations in the way Dollar General expects. Forward-looking statements
speak only as of the date made. Dollar General undertakes no obligation,
and specifically disclaims any duty, to update or revise any
forward-looking statements to reflect events or circumstances arising
after the date on which they were made, except as otherwise required by
law. As a result of these risks and uncertainties, readers are cautioned
not to place undue reliance on any forward-looking statements included
herein or that may be made elsewhere from time to time by, or on behalf
of, Dollar General.
About Dollar General Corporation
Dollar General Corporation has been delivering value to shoppers for
over 75 years. Dollar General helps shoppers Save time. Save money.
Every day!® by offering products that are frequently used and
replenished, such as food, snacks, health and beauty aids, cleaning
supplies, basic apparel, housewares and seasonal items at everyday low
prices in convenient neighborhood locations. Dollar General operated
14,321 stores in 44 states as of November 3, 2017. In addition to high
quality private brands, Dollar General sells products from America’s
most-trusted manufacturers such as Clorox, Energizer, Procter & Gamble,
Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s,
General Mills, and PepsiCo. For more information on Dollar General,
please visit www.dollargeneral.com.
