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.



Forget Oculus Rift

This $25 cardboard box turns your phone into an incredibly fun virtual reality experience.

The Congressional Republican Digging Through Scientists’ Grant Proposals

Renée Zellweger’s New Face Is Too Real

Sleater-Kinney Was Once America’s Best Rock Band

Can it be again?

Whole Foods Is Desperate for Customers to Feel Warm and Fuzzy Again

The XX Factor

I’m 25. I Have $250.03.

My doctors want me to freeze my eggs.

The XX Factor
Oct. 20 2014 6:17 PM I’m 25. I Have $250.03. My doctors want me to freeze my eggs.

Smash and Grab

Will competitive Senate contests in Kansas and South Dakota lead to more late-breaking races in future elections?

George Tiller’s Murderer Threatens Another Abortion Provider, Claims Free Speech

These Companies in Japan Are More Than 1,000 Years Old

  News & Politics
The World
Oct. 21 2014 3:13 PM Why Countries Make Human Rights Pledges They Have No Intention of Honoring
Oct. 21 2014 4:33 PM Walmart Is Killing the Rest of Corporate America in Solar Power Adoption
The Vault
Oct. 21 2014 2:23 PM A Data-Packed Map of American Immigration in 1903
  Double X
The XX Factor
Oct. 21 2014 3:03 PM Renée Zellweger’s New Face Is Too Real
  Slate Plus
Behind the Scenes
Oct. 21 2014 1:02 PM Where Are Slate Plus Members From? This Weird Cartogram Explains. A weird-looking cartogram of Slate Plus memberships by state.
Brow Beat
Oct. 21 2014 1:47 PM The Best Way to Fry an Egg
Future Tense
Oct. 21 2014 4:14 PM Planet Money Uncovers One Surprising Reason the Internet Is Sexist
  Health & Science
Climate Desk
Oct. 21 2014 11:53 AM Taking Research for Granted Texas Republican Lamar Smith continues his crusade against independence in science.
Sports Nut
Oct. 20 2014 5:09 PM Keepaway, on Three. Ready—Break! On his record-breaking touchdown pass, Peyton Manning couldn’t even leave the celebration to chance.