Former CEO Todd Vasos returns to Dollar General to boost slowing sales growth

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Published Oct 14, 2023, 08:15 AM

Discount retailer Dollar General has announced the reappointment of former CEO Todd Vasos in a bid to revive its slowing sales growth. The move comes after the company's stock fell in the stock market, prompting concerns about its performance. Vasos, who previously served as CEO, will replace the successor who lasted only a year. The decision has been met with mixed reactions, with some analysts expressing skepticism about Vasos' ability to effectively manage the company. Dollar General's stock saw a sharp rise following the announcement, and the company has also updated its FY guidance with an 8% increase. The leadership change has attracted attention from market experts, who suggest that the discount retailer may be overdue for a turnaround.

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