Dollar General 2006 Annual Report Download - page 29
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effectiveness in deploying our resources. Return on assets was 4.4% in 2006 and
12.1% in 2005.
Key Items for Fiscal 2007. For 2007, we have established the following priorities and
initiatives aimed at continuing our growth and improving our operating and financial
performance while remaining focused on serving our customers:
• Sell through or otherwise eliminate 100% of the targeted inventory to virtually
eliminate the packaway strategy, allowing us to have fresher merchandise and
cleaner, neater stores, enhancing the shopping experience for our customers and the
work experience of our employees.
• Close the remaining underperforming stores identified as part of our revitalization
efforts.
• Open 300 new stores and relocate or remodel 300 existing stores using our new real
estate criteria.
• Further develop merchandising capabilities and tools.
• Increase the discipline in our merchandise planning, buying and allocation processes.
In addition, we intend to continue our efforts to significantly reduce inventory shrink and
to develop a strategic roadmap to reduce store manager turnover.
We can provide no assurance that we will be successful in executing these initiatives, nor
can we guarantee that the successful implementation of these initiatives will result in superior
financial performance.
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