Earnings

Dollar General tries to drive a turnaround after safety violations

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Dollar General has gotten hit by steep fines for safety violations, slammed on late-night TV and even overruled by its own shareholders.

On Thursday, CEO Todd Vasos laid out on an earnings call with investors the discounter’s plans to try to turn around both the company’s performance and its public relations problems. He said the retailer will put more workers in the front of its stores, slow down new store openings, take underperforming items off shelves and step up efforts to keep merchandise in stock.

It marked the first earnings call since Vasos took the helm again. He was brought out of retirement in October, after his successor Jeff Owen got ousted less than a year into the job.

At…



Source cnbc.com

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