Dollar General a Rare Bright Spot in Retail
The current retail landscape might be littered with store closings and poor sales, but occasionally the industry is graced with some hopeful news. Lately a lot of that is coming from the deep-discount sector, and Dollar General’s announced IPO will likely be another success story in that arena. The Goodlettsville, Tenn.-based retailer’s parent, private-equity firm Kohlberg Kravis Roberts & Co., is looking to raise $750 million from the measure. The outfit’s timing for this listing is perfect. During its most recently reported financial quarter, announced June 2, Dollar General posted a same-store sales gain of 13.3 percent, while net income came in at $83 million, up from $5.9 million during the same year-ago period. Earlier this year the company revealed…
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