While plenty of companies are laying off workers thanks to the coronavirus, others are hiring amid torrid demand. Discount retailer Dollar General (DG) - Get Report is one of them - to the tune of 50,000.
“As the heightened demand for household essentials offered by Dollar General stores continues across the country amid Covid-19 concerns, the company plans to nearly double its normal hiring rate and add up to 50,000 employees by the end of April,” the Goodlettsville, Tenn., company said in a statement.
Dollar General currently employs 143,000.
To be sure, the company expects most of the jobs to be temporary, but it does expect some of them to be hired full-time. It has grown its workforce from 105,000 employees in February 2015.
Dollar General has more than 16,300 stores in 45 states and 17 traditional distribution centers.
“[Our] customers are relying on us now more than ever to provide an affordable, convenient retail option,” Kathy Reardon, Dollar General’s chief people officer, said in a statement.
“We invite individuals looking to start or grow a career, as well as for those whose job may be temporarily impacted by Covid-19, to apply for opportunities to help further our mission of serving others.”
Additional retailers who plan substantial hiring include Walmart (WMT) - Get Report, with a target of 150,000; Amazon.com (AMZN) - Get Report, with a target of 100,000; CVS Health (CVS) - Get Report, with a target of 50,000; Seven & I Holdings’ 7-Eleven, with a target of 20,000; and Walgreens Boots Alliance (WBA) - Get Report, with a target of 9,500.
At last check, Dollar General traded at $138.55, down 1.1%, compared with a 3.3% drop for the S&P 500 index.