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Dollar General (DG) Stock Advances, Cuts 225 Jobs

NEW YORK (TheStreet) -- Dollar General (DG - Get Report) shares are increasing 0.38% to $68.22 on Wednesday after the discount retailer announced that it's cutting 225 corporate jobs as a part of its restructuring efforts.

Eliminating these jobs would improve efficiencies and trim expenses, the company said, adding that the cuts are effective immediately.

The company expects it will incur a pre-tax cash expense of about $7 million.

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"This restructuring should allow us to continue strengthening our market leadership position and deliver long-term value for our shareholders," CEO Todd Vasos stated.

Additionally, positions at the store level will not be affected, the company noted.

Based in Goodlettsville, TV, Dollar General, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern U.S.

Separately, TheStreet Ratings team rates DOLLAR GENERAL CORP as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their...


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