Dollar General Planning Huge 2012 Expansion

A blog about business and economics.
Jan. 5 2012 11:04 AM

Dollar General Planning Huge 2012 Expansion — 625 New Stores In 40 States

Business is booming.

Wikipedia photo.

Dollar General Corp based in Goodlettsville, Tenn., has announced plans to open 625 new stores and create more than 6,000 new jobs in 2012.

That's like a 6.4 percent increase in the number of stores, which is a lot. I'm not 100 percent sure whether to put it in my good news or bad news file, but I think this qualifies as a "strong growth from a depressing baseline" story for the American economy.

I do think there's an interesting longer-term question about the fate of a certain class of suburban mall properties. The Internet appears to be driving a structural shift in the demand for physical retail locations. The bankruptcies of Circuit City and Borders and Filene's Basement are in part about the recession, but in part about the underlying weakness of the industries they're involved with. Urban retail space will, over time, be converted into as many bars and restaurants (or in a pinch, casinos) as the local authorities will issue permits for. But suburban locations tend to feature less demand for these products, and as online continues to move downscale it's not like dollar stores will forever be sheltered from the storm. A question in my mind is how feasible it will be to convert some of these locations into health care facilities of various kinds. Obviously you can't turn an old Borders into a full-scale hospital, but things in the general health care sector seem to be where the demand for physical space is going to be.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.



Blacks Don’t Have a Corporal Punishment Problem

Americans do. But when blacks exhibit the same behaviors as others, it becomes part of a greater black pathology. 

I Bought the Huge iPhone. I’m Already Thinking of Returning It.

Scotland Is Just the Beginning. Expect More Political Earthquakes in Europe.

Students Aren’t Going to College Football Games as Much Anymore

And schools are getting worried.

Two Damn Good, Very Different Movies About Soldiers Returning From War

The XX Factor

Lifetime Didn’t Think the Steubenville Rape Case Was Dramatic Enough

So they added a little self-immolation.

Medical Examiner

The Most Terrifying Thing About Ebola 

The disease threatens humanity by preying on humanity.

Why a Sketch of Chelsea Manning Is Stirring Up Controversy

How Worried Should Poland, the Baltic States, and Georgia Be About a Russian Invasion?

  News & Politics
Sept. 20 2014 11:13 AM -30-
Business Insider
Sept. 20 2014 6:30 AM The Man Making Bill Gates Richer
Sept. 20 2014 7:27 AM How Do Plants Grow Aboard the International Space Station?
  Double X
The XX Factor
Sept. 19 2014 4:58 PM Steubenville Gets the Lifetime Treatment (And a Cheerleader Erupts Into Flames)
  Slate Plus
Slate Picks
Sept. 19 2014 12:00 PM What Happened at Slate This Week? The Slatest editor tells us to read well-informed skepticism, media criticism, and more.
Brow Beat
Sept. 20 2014 3:21 PM “The More You Know (About Black People)” Uses Very Funny PSAs to Condemn Black Stereotypes
Future Tense
Sept. 19 2014 6:31 PM The One Big Problem With the Enormous New iPhone
  Health & Science
Bad Astronomy
Sept. 20 2014 7:00 AM The Shaggy Sun
Sports Nut
Sept. 18 2014 11:42 AM Grandmaster Clash One of the most amazing feats in chess history just happened, and no one noticed.