Dollar General: New President, Strategic Changes

Dollar General has named David Bere president and coo, and the retailer also said it will close about 400 stores during 2007.

Bere, who has served on the board of directors since 2002, will report to chairman and ceo David Perdue. He was most recently corporate vp of Ralcorp Holdings, and was president and ceo of Bakery Chef, Inc., a manufacturer of frozen bakery products that was acquired by Ralcorp Holdings. He previously was president of the Breakfast and Golden Grain divisions of The Quaker Oats Company.

In addition to the store closings, the new-store opening schedule will be trimmed back from 600 this year to 300 to 400 in each of the next two years. The current inventory system will be scrapped in favor of a program to keep "fresher" goods in stock. The company also said it will authorize a share repurchase of up to $500 million.

The $8.6 billion deep-discounter currently operates 8,276 stores. HTT research showed the company had home textiles sales of $126 million in 2005.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

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HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!