Will Dollar General’s Mass Store Closure Impact New York Shoppers?

Residents in New York State are bracing for the impact of Dollar General's recent decision to close nearly 100 of its stores early in 2025.

The discount retailer also revealed plans to shelve 45 pOpshelf brand locations, while converting six other stores into Dollar General outlets.

Why Dollar General is Closing Stores

In short, Dollar General is struggling to make money because prices are going up and people are not spending as much. The company's CEO, Todd Vasos, said the company is closing many of its stores because "we believe this decision better positions us to serve our customers and communities."

This news follows a report from Dollar General that their profits in the last three months of the year went down by almost half, and their overall yearly profits also went down by about a third. However, they did mention that their sales during the last three months of the year went up by 4.5%, and their sales for the whole year increased by 5%.

What This Means for New York

We don't know yet which stores in New York will close. However, as of 2023, Dollar General has 555 stores in New York State alone.

Before the latest news, in January, Dollar General shut down 27 stores. They had plans to open 575 new stores in the U.S. in 2025, but now it's not clear if that will still happen.

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Retail As We Know It Is Changing

Dollar General is not the only store closing locations. Other big stores like Kohl’s and Macy's are also closing stores. Some stores like JOANN and Party City have gone beyond just closing a few stores and instead have closed all together.  Experts say the reason is that the way people shop is changing because prices are going up and that is impacting how consumers spend their money.

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