GOODLETTSVILLE, Tenn. (BUSINESS WIRE), December 27, 2017 - Dollar General Corporation (NYSE: DG) announced plans to build a new distribution center in Longview, Texas this morning. The state-of-the-art facility in Gregg County is expected to create approximately 400 new jobs at full capacity and serve approximately 1,000 Dollar General retail locations in Texas and the southeast. Construction should begin in early 2018 pending the receipt of all required governmental permits and development approvals and the absence of unforeseen circumstances.
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“Dollar General is excited to expand our supply chain and distribution operations in the Lone Star state with today’s announcement,” said Todd Vasos, Dollar General’s chief executive officer. “This facility is expected to support Dollar General’s growing store count in Texas where we already operate more than 1,400 current locations and have complementary operations in San Antonio. We look forward to the facility helping better serve our customers with value and convenience, as well as creating career opportunities for approximately 400 future Dollar General employees. I would like to express my gratitude for our partnership with Texas Governor Greg Abbott, leadership in both Gregg County and the city of Longview and the Longview Economic Development Corporation, all of whom helped support this project.”
Dollar General plans to make the Longview distribution center its 17th facility in the major discount retailer’s distribution network and second in Texas. In 2014, Dollar General announced plans to build its first Texas distribution center in San Antonio, Texas. Located in Bexar County, that facility celebrated its grand opening in 2016.
In addition to the full-time jobs the facility is expected to create, Dollar General also anticipates a strong economic impact through hundreds of jobs needed to construct the nearly 1,000,000 square foot building. Dollar General has selected Clayco as the project’s official general contractor, Leo A. Daly as the architectural engineering firm and Elan Design as the civil engineering firm.
Dollar General takes a number of factors into consideration when choosing distribution centers including its location, its proximity to Dollar General stores, its local business environment and workforce and the availability of local and state economic incentives, among many others.
“Texas’ dynamic and booming economy is attracting new businesses every day, and we are honored to welcome Dollar General's new distribution center to Longview as the latest example,” said Texas Governor Greg Abbott. “I am proud that companies like Dollar General continue to invest in our top-notch workforce, and I am excited about this partnership and the positive impact it will have on the Longview community.”
“A project of this magnitude absolutely requires a team effort and creative ideas,” said Wayne Mansfield, Longview Economic Development Corporation CEO. “We are grateful for the spirit of cooperation between Dollar General and our local economic development partners in order to bring this project to completion. The result of this collaboration will provide 400 jobs for our citizens and expand our tax base. The successful recruitment of Dollar General is testimony to the competitive advantages Longview and Gregg County possess. Dollar General’s reputation of success will fit well with our community.”
Dollar General currently has more than 1,400 stores and over 12,000 employees in Texas. Dollar General currently has 15 distribution centers that are located in Alabama, California, Florida, Georgia, Indiana, Kentucky, Mississippi, Missouri, Ohio, Oklahoma, Pennsylvania, South Carolina, Texas (San Antonio), Virginia and Wisconsin. The Company’s 16th distribution center in Amsterdam, New York is currently under construction.
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This press release contains forward-looking information, including statements regarding Dollar General’s outlook, plans and intentions including, but not limited to, statements made within the quotations of Messrs. Vasos and Mansfield. A reader can identify forward-looking statements because they are not limited to historical fact or they use words such as “may,” “will,” “believe,” “plan,” “expect,” “estimate,” “forecast,” “anticipate,” “intend,” “should,” “could,” “would,” or “look forward,” and similar expressions that concern Dollar General’s strategy, plans, intentions or beliefs about future occurrences or results, including without limitation statements regarding job creation, economic impact, and timing related to the Longview, Texas distribution center.
These matters involve risks, uncertainties and other factors that may cause the actual performance of Dollar General to differ materially from that which Dollar General expected. Many of these statements are derived from Dollar General’s operating budgets and forecasts as of the date of this release, which are based on many detailed assumptions that Dollar General believes are reasonable. However, it is very difficult to predict the effect of known factors on Dollar General’s future results, and Dollar General cannot anticipate all factors that could affect future results that may be important to an investor. All forward-looking information should be evaluated in the context of these risks, uncertainties and other factors, including those factors disclosed under “Risk Factors” in Dollar General’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 24, 2017 and Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on December 7, 2017. Important factors that could cause actual results to differ materially from the expectations expressed in or implied by such forward-looking statements include, but are not limited to failure to receive all required governmental permits and development approvals, and:
All forward-looking statements are qualified in their entirety by these and other cautionary statements that Dollar General makes from time to time in its SEC filings and public communications. Dollar General cannot assure the reader that it will realize the results or developments Dollar General anticipates or, even if substantially realized, that they will result in the consequences or affect Dollar General or its operations in the way Dollar General expects. Forward-looking statements speak only as of the date made. Dollar General undertakes no obligation, and specifically disclaims any duty, to update or revise any forward-looking statements to reflect events or circumstances arising after the date on which they were made, except as otherwise required by law. As a result of these risks and uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements included herein or that may be made elsewhere from time to time by, or on behalf of, Dollar General.