The businesses plan to begin rolling out the service in more than 1,500 Dollar General stores in late summer, building to a total of more than 8,000 stores by the end of 2020.
âDollar General is the perfect retailer to help us meet the growing need for convenient, secure drop-off and pickup options in a variety of rural communities,â said Scott Harkins, senior vice president, customer channel marketing at FedEx Services in a press statement.
âWe understand customers may not always want packages delivered to a home or office. They want secure, alternate delivery options, and weâre on a mission to make that happen. We are proud to work with Dollar General to make our customersâ lives easier.”
Dollar General’s stock traded around $136.14 per share at time of publication, which is near its 52-week high.
FedEx Corporation (FDX - Get Rating) shares fell $0.02 (-0.01%) in after-hours trading Monday. Year-to-date, FedEx Corporation (FDX - Get Rating) has gained 1.86%, versus a 16.30% rise in the benchmark S&P 500 index during the same period.
This article is brought to you courtesy of Benzinga.
More Resources for the Stocks in this Article
|Ticker||POWR Rating||Industry Rank||Rank in Industry|
|DG||Get Rating||Get Rating||Get Rating|