Dollar General Goes Against the Grain - TheStreet

NEW YORK (

TheStreet

) --

Dollar General

(DG) - Get Report

is playing the contrarian with its plan to open 600 new stores, creating 5,000 jobs.

Those new positions follow the 4,000 new hires it made during 2009.

By contrast, retailers like

Macy's

(M) - Get Report

,

Home Depot

(HD) - Get Report

,

Wal-Mart

(WMT) - Get Report

and

Borders

(BGP)

have announced plans to shutter underperforming stores and lay off thousands of employees.

Shares of Dollar General were falling 4.7% to $22.71 in afternoon trading amid a broad decline in U.S. equities.

On Wednesday,

Wal-Mart said it would let go of 300 employees at its corporate office

. Previously it had announced 11,200 job cuts from its Sam's Club stores.

Macy's will eliminate 1,500 jobs at the store level

, while

Home Depot plans to chop 1,000 positions from its payroll

.

-- Reported by Jeanine Poggi in New York.

RELATED STORIES:

>>Wal-Mart Cuts More Employees

>>Macy's Is Latest Retailer to Cut Jobs

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