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Dollar General to Open 675 New Stores in Fiscal 2003

NEW YORK - Discount retailer Dollar General Corp. today said it expects to open 675 new stores in the current fiscal year, and anticipates a similar growth rate in the next three fiscal years.

While most of the new stores will be located in the company's existing 27-state market area, Dollar General plans to open stores in three new states in 2004: Wisconsin, Arizona and New Mexico.

The Goodlettsville, Tenn.-based retailer also said it will add about 20 Dollar General Market stores, a new concept featuring larger stores and an expanded selection of merchandise, including fresh produce and a broad assortment of refrigerated, frozen and non-perishable food items.

To support store growth, Dollar General announced plans to open a new distribution center in the Southeastern United States in 2005 and to add another distribution center in 2006. The company also plans to expand its distribution facilities in Ardmore, Okla.; South Boston, Va.; and Indianola, Miss., and to convert these facilities to a dual sortation system in order to increase operating capacity.

The company also announced plans to accelerate its program of adding coolers for dairy products and other perishable food items in select stores, with plans to complete as many as possible in 2004 and the remainder in 2005.
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