Dollar General Head-Fakes Coronavirus: Plans to Add Even More Jobs
While most businesses are laying off or furloughing employees, Dollar General is going in the opposite direction.
While most businesses are laying off or furloughing employees, Dollar General Corp. (NYSE: DG | DG Price Prediction) is going in the opposite direction. The brick-and-mortar dollar chain announced early Monday that it plans to hire up to 50,000 employees by the end of April.
While Dollar General currently anticipates the majority of these roles to be temporary, the company has a strong track record of career growth and anticipates providing long-term career growth opportunities to some of these new employees.
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In the past five years alone, Dollar General has added roughly 35,000 net new jobs to the American economy, growing its workforce from 105,000 employees in February 2015 to more than 143,000 current employees.
In terms of its footprint, Dollar General currently operates more than 16,300 stores in 45 states, and about 75% of the American population is within five miles of a Dollar General.
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Kathy Reardon, Dollar General’s senior vice president and chief people officer, commented:
We are proud to serve as one of America’s essential retailers, and we believe our customers are relying on us now more than ever to provide an affordable, convenient retail option. The Dollar General family continues to do its part in helping our customers and neighbors during these unprecedented times. We invite individuals looking to start or grow a career, as well as for those whose job may be temporarily impacted by COVID-19, to apply for opportunities to help further our mission of Serving Others.
Dollar General stock closed Friday at $140.13, in a 52-week range of $116.15 to $167.44. The consensus price target is $171.50. Following the announcement, the stock was relatively flat at $139.80 in early trading indications Monday.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
