Dollar General plans on doubling its hiring soon
Dollar General ($NYSE:DG) has remained open in a retail environment in which most are closed or are closing due to social distancing guidelines and mandatory lockdowns. Dollar General has even gone above and beyond by implementing its own rules for operation, including creating an hour dedicated to the elderly.
While most stores around the country are closing due to them not offering items not deemed "essential items," Dollar General is planning on zagging when everyone else is zigging by doubling its hiring efforts.
The job listings data has been flat for a while, hovering at just a hair under 50K openings at any given time. This is true stretching beyond the last six months (buy our demo for even older data), but with the news of another 50K listings going up, that would be a LOT of employees to pay.
Let's say that all 50K openings are filled quickly, and Dollar General immediately more than doubles its current employee count. What would happen to the stock? Would it just keep bouncing around like it's been doing this month? And where would all of these 50K new staffers work from? Thankfully, there are plenty of Dollar General stores in America to house them all.
Idaho, Wyoming, and Montana should think about getting some Dollar General stores soon, they're quite popular. Especially now, where 25% more people have checked in on Facebook, according to our 'Were Here' Count data.
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.