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☆ Facing fines, cluttered aisles and late-night mockery, Dollar General's returning CEO tries to drive a turnaround
▼ + stars: | 2023-12-07 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

The exterior of a Dollar General convenience store is seen in Austin, Texas, on March 16, 2023. Dollar General has gotten hit by steep fines for safety violations, slammed on late-night TV and even overruled by its own shareholders. Dollar General may have topped Wall Street's fiscal third-quarter expectations, but it has had a tough year. Shares of Dollar General closed Wednesday at $133.92, down by about 46% so far this year. On a recent episode of HBO's "Last Week Tonight with John Oliver," the comedian ridiculed Dollar General and its rival, Dollar Tree .

Persons: Todd Vasos, Vasos, Jeff Owen, Michael Calbert, John Oliver, I've, whittle Organizations: Dollar, LSEG, federal, Safety, Health Administration, OSHA, CNBC PRO Locations: Austin , Texas

☆ Dollar General hasn't investigated worker conditions despite shareholders' demands, an investor says in a new letter to company
▼ + stars: | 2023-11-03 | by ( Alex Bitter | ) www.businessinsider.com time to read: +8 min

Dollar General hasn't provided updates on a shareholder-endorsed audit of worker safety at its stores, an investor group says. Dollar General said it has met with the investor"including multiple calls with members of executive leadership." In May, Dollar General shareholders approved a proposal asking the company to audit worker safety at its stores. A Dollar General spokesperson said it has "a strong, ongoing shareholder engagement program and a well-documented track record of responsiveness to shareholder feedback." AdvertisementAdvertisementThe lack of action on safety at the chain's stores is a concern for many Dollar General shareholders, Gallagher told Insider.

Persons: hasn't, —, Amy Domini, it's, Mary Beth Gallagher, Michael Calbert, Gallagher, didn't, Domini, doesn't, David Williams, Williams Organizations: Dollar, Service, Occupational Safety, Health Administration, OSHA, Department of Labor, New York Times, Company, Investors Locations: North Dakota, Texas, Jacksonville , Florida

The exterior of a Dollar General convenience store is seen in Austin, Texas, on March 16, 2023. Dollar General's former CEO Todd Vasos is coming out of retirement to helm the company, which aims to rebound from slowing growth and allegations of unsafe working conditions. During that time, Dollar General has seen a slowdown in its sales growth and has faced criticism from federal officials and activists for having unsafe stores that put employees at risk. Dollar General has more than 185,000 full- and part-time employees. Dollar General shares jumped more than 6% in extended trading Thursday.

Persons: Todd Vasos, Jeff Owen, Jeff, Michael Calbert, Owen Organizations: Company, Dollar Locations: Austin , Texas

☆ Dollar General brings former CEO Todd Vasos back to lead the struggling retailer
▼ + stars: | 2023-10-12 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Dollar General has brought back its former chief executive in an attempt to revive its struggling business. On Thursday, the discount chain announced that it had reinstated Todd Vasos as CEO, replacing Jeff Owen. Shares of Dollar General, which have been under pressure this year, surged in after-hours trading Thursday after the announcement. Earlier this year Dollar General workers protested over unsafe working conditions at the store.. Conversely, during Vasos’ seven years as CEO, Dollar General more than doubled its market capitalization.

Persons: Todd Vasos, Jeff Owen, Vasos, Owen, ”, Michael Calbert, Neil Saunders, Oppenheimer, Rupesh Parikh Organizations: CNN, “

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