Dollar General is Purchasing 24 Stores in Michigan
Dollar General is purchasing 323 stores nationwide, including 24 in Michigan, from Dollar Express, which is owned by a private equity firm, pending regulatory and other approvals.
According to the Detroit Free Press, the acquisition would allow Dollar General a chance to buy some of the former Family Dollar stores it had sought to purchase, but lost out on in a high profile, contentious bidding war two years ago.
If approved, the stores likely will change ownership and names, but still sell similar, low priced merchandise.
At Dollar General, which has an average footprint of about 7,300 square feet, about 25% of everything in the store sells for $1 or less.