Dollar General Expects to Emerge Unscathed from Outbreak
Dollar General thinks that its many small stores will attract shoppers looking to practice social distancing. While other retailers expect to see at least some fallout from the coronavirus outbreak, Dollar General has kept its 2020 outlook the same. The variety store chain’s strategy of keeping its stores small and placing them near consumers is serving it well even in the midst of a pandemic, just as it did during the recession.
Despite all the uncertainty still swirling around the economy, Dollar General’s finance chief John Garratt said he did not expect the pandemic to have a “material impact on our business or fiscal 2020 financial results.”