Former CEO Returns to Dollar General Amid Sales Slump and Safety Concerns

October 13, 2023

Dollar General has rehired former CEO Todd Vasos amid slowing sales growth and safety concerns. Vasos, who led the company from 2015 to 2022, is returning to replace Jeff Owen, who held the position for less than a year. Dollar General, with over 19,000 locations across 47 states, is facing criticism for allegedly having unsafe stores, leading shareholders to pass a resolution for an independent audit into worker safety earlier this year.

Recent News

US Plans Tariffs on Chinese Electric Vehicles

The Biden administration intends to announce new tariffs on Chinese electric vehicles (EVs), possibly reaching 100%, along with additional import taxes on various Chinese goods, including semiconductors. This move aims to safeguard American manufacturing interests, amidst concerns that China’s competitive pricing may undermine US efforts to boost domestic clean energy production.