Dollar General CEO: Keeping it simple is key to success
Goodlettsville, Tenn. — Keep it simple — that’s secret to Dollar General’s success Rick Dreiling, chairman and CEO of the 75-year-old company said at its shareholders annual meeting.
"Simple neighborhood stores, simple, frequently-needed items and everyday low prices," he said. "For 75 years, [Dollar General has focused] on helping low- and middle-income families save money and save time by offering quality, basic merchandise at affordable prices in convenient, small-box neighborhood stores."
Dollar General is the largest discounter with more than 11,000 locations across 40 states, Dreiling said, and the company will add some 700 new stores in 2014.
"We still have room to grow," Dreiling said. "We will continue to relocate, remodel and refresh our stores to build our brand and enhance our customer shopping experience."
In 2013, Dollar General’s net sales increased by 9.2% to $17.5 billion, Dreiling said. That represents $220 per square foot. Same-store sales grew 3.3%, marking the company’s 24th consecutive year of same-store sales growth.
Wal-Mart promotes Broader to new exec role in international division
Bentonville, Ark. — Wal-Mart Stores announced the promotion of Shelley Broader, currently president and CEO of Walmart Canada, to executive VP, president and CEO of Walmart EMEA, effective June 1. In her new role, she will lead Walmart’s retail operations and oversee business development in Europe, the Middle East, Sub-Saharan Africa and Canada and will report directly to David Cheesewright, president and CEO, Walmart International.
Wal-Mart will announce Broader’s successor at a later date. She will continue to have responsibility for the Canadian market — along with Europe, the Middle East and Sub-Saharan Africa — until her successor is in place.
Broader joined Walmart Canada as chief merchandising officer in December 2010 and was promoted to president and CEO of Walmart Canada in September 2011. She joined Walmart with more than 20 years of leadership experience across the North American retail industry, which included key leadership roles with retailers Michael’s and Hannaford Bros.
"Shelley has been a strong leader since joining Walmart Canada and is the ideal person to leverage the tremendous potential the EMEA region holds for our company," said Cheesewright. "Shelley’s leadership of our business in Canada during a time of increased competition underscores her knowledge of the retail environment which will serve her well in her new role."
Census Bureau: Online shopping and mail-order businesses jump 27%
Washington, D.C. — Online shopping is showing rapid growth compared to the rest of the retail trade sector, with the number of establishments growing 27.4% between 2011 and 2012, according to new U.S. Census Bureau statistics released today. Drawn from County Business Patterns: 2012, the new data provides the only detailed annual information on the number of establishments, employees and payroll for nearly 1,200 industries at the national, state and county levels.
The number of electronic shopping and mail-order houses establishments grew from 23,697 to 30,185 between 2011 and 2012. Employment climbed 13.7% to 365,508. In contrast, for the retail trade sector as a whole, which includes traditional brick-and-mortar stores, the number of establishments rose just 0.1%, while employment climbed 0.7%.
The greatest employment increases in electronic shopping and mail-order houses were concentrated in counties within Southern California, the New York metro area, Chicago metro area, and other metro areas such as Memphis, Tenn. (Shelby County), Las Vegas (Clark County), Grand Rapids, Mich. (Kent County), Columbus, Ohio (Franklin County) and Minneapolis (Hennepin County). In addition, two counties in North Carolina (Guilford and Wake, home of Greensboro and Raleigh, respectively) and one in Missouri (Clay, near Kansas City) also had large gains in employment for this industry.