News

Dollar General CEO shares secret to chain’s success at shareholder meeting

BY Michael Johnsen

GOODLETTSVILLE, Tenn. — The secret to Dollar General’s success is keeping it simple, Rick Dreiling, chairman and CEO of the 75-year-old discounter, told shareholders Thursday morning. "Simple neighborhood stores, simple, frequently-needed items and everyday low prices," he said. "For 75 years, [Dollar General has focused] on helping low- and middle-income families save money and save time by offering quality, basic merchandise at affordable prices in convenient, small-box neighborhood stores." 

Dollar General is the largest discounter with more than 11,000 locations across 40 states, Dreiling said, and the company will add some 700 new stores in 2014. "We still have room to grow," Dreiling said. "We will continue to relocate, remodel and refresh our stores to build our brand and enhance our customer shopping experience."

In 2013, Dollar General’s net sales increased by 9.2% to $17.5 billion, Dreiling said. That represents $220 per square foot. Same-store sales grew 3.3%, marking the company’s 24th consecutive year of same-store sales growth.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
News

FDA approves Trimel Pharmaceuticals’ Natesto testosterone nasal gel

BY Michael Johnsen

TORONTO — Trimel Pharmaceuticals on Wednesday announced that the Food and Drug Administration has approved Natesto (testosterone), formerly CompleoTRT, the first and only testosterone nasal gel for replacement therapy in adult males for conditions associated with a deficiency or absence of endogenous testosterone. 

Natesto is self-administered via a nasal applicator, thereby minimizing the risk of secondary exposure to testosterone of women or children.

"In my practice, I regularly encounter men demonstrating symptoms of hypogonadism and physicians will increasingly see this as the North American population ages," said Jeffrey Rosen, the medical director and founder of Clinical Research of South Florida. "For these patients seeking to restore their testosterone levels, Natesto will offer an alternative delivery system that is safer and more convenient than the other options currently available on the market." 

According to Trimel, it conservatively is estimated that nearly 13 million American men may have low testosterone levels. Current treatment guidelines focus on the restoration of the physiological testosterone level through the use of exogenous testosterone preparations, which include topical gels applied by the hands, subcutaneous pellets, transdermal patches, intramuscular injections and oral tablets, as well as a buccal patch.

"The FDA approval for Natesto is a major achievement for our company, as it validates our clinical research and development efforts, as well as reinforces our commitment to provide innovative treatment options for patients," said Tom Rossi, Trimel Pharmaceuticals president and CEO. "Men suffering from ‘Low T’ will now have a different option to raise their testosterone levels. This novel route of administration will enable men to take this therapy in mere seconds, without worrying about the risk associated with transferring the product to women or children. We are now focused on getting Natesto to market as expeditiously as possible so that appropriate patients can have access to it."

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
News

Banana Boat, actress Busy Philipps launch summer sweepstakes

BY Antoinette Alexander

SHELTON, Conn. — Energizer Personal Care, the makers of Banana Boat sunscreen, along with actress Busy Philipps, announced on Thursday the launch of the Best Summer Ever Sweepstakes.

The Banana Boat Best Summer Ever Sweepstakes gives families the chance to spin the Wheel of Fun, hosted on the Banana Boat Facebook fan page, for a chance to win daily prizes, including gift cards, Banana Boat brand gift baskets, movie passes for four and a family fun prize pack. Each spin also automatically enters participants into a sweepstakes for a chance to win the grand prize family trip to a Treesort — a tree house resort adventure.

Banana Boat also is equipping families to have the Best Summer Ever through its offering of four new sunscreens:

  • Banana Boat Triple Defense Sunscreen for Men Lotion and Clear UltraMist: A full line of sunscreens designed specifically for men that contains ActiveProtect Technology, provides heavy-duty sun protection, hydrates skin and combats odor;
  • Banana Boat Kids Free Clear UltraMist Sunscreen: An alcohol-free, tear-free, sting-free kids clear spray;
  • Banana Boat Sport Performance Clear UltraMist Sunscreen with Powerstay Technology: Specifically designed for the sport enthusiast and active individual who doesn’t want to be slowed down while out in the sun; and
  • Banana Boat Protect & HydrateTM Sunscreen Clear UltraMist: A 2-in-1 combination of sunscreen and all-day moisturizer.

 

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?