Dollar General is a popular discount retail chain that operates across the United States. It offers a wide variety of products, including household items, apparel, health and beauty supplies, and food and beverages, at low prices.
The company was founded in 1939 by James Luther Turner and Cal Turner Sr. in Scottsville, Kentucky. Initially known as J.L. Turner and Son, the company's primary focus was on providing essential goods to rural communities at affordable prices. Over the years, Dollar General expanded its operations and became a publicly traded company in 1968.
Dollar General's growth and success can be attributed to several factors, including its commitment to offering a wide range of products at low prices, its convenient store locations, and its focus on customer satisfaction. The company's strong brand recognition and customer loyalty have also played a significant role in its ongoing expansion.
Who Owns Dollar General
Dollar General is a popular discount retail chain operating across the United States, offering a wide variety of products at low prices.
- Founded in 1939.
- Initially known as J.L. Turner and Son.
- Became publicly traded in 1968.
- Headquarters in Goodlettsville, Tennessee.
- Over 18,000 stores nationwide.
- Employs over 150,000 associates.
- Annual revenue of over $35 billion.
- Focus on rural and underserved communities.
- Known for affordable prices and convenience.
- Strong brand recognition and customer loyalty.
Dollar General's success is attributed to its commitment to offering a wide range of products at low prices, its convenient store locations, its focus on customer satisfaction, and its strong brand recognition.
Founded in 1939.
The story of Dollar General begins in 1939, during the Great Depression, when James Luther Turner, a young entrepreneur from Scottsville, Kentucky, saw an opportunity to provide affordable goods to struggling rural communities. With a $5,000 loan from his father, Turner opened his first store, J.L. Turner and Son, in Scottsville.
Turner's store was an immediate success, as he offered a wide variety of merchandise at low prices, including groceries, clothing, and household items. He also provided credit to customers who were unable to pay for their purchases upfront. Turner's store became a lifeline for many families in the area, and he soon opened additional stores in nearby towns.
In 1955, Turner's son, Cal Turner Sr., joined the business, and together they expanded the company's operations. They changed the name to Dollar General Corporation in 1968 and took the company public, allowing it to access capital for further growth.
Under the leadership of Cal Turner Sr., Dollar General continued to expand rapidly, and by the 1980s, it had become one of the largest discount retailers in the United States. The company's focus on rural and underserved communities, its commitment to offering low prices, and its convenient store locations were key factors in its success.
Today, Dollar General is a Fortune 500 company with over 18,000 stores nationwide and annual revenue of over $35 billion. It is one of the largest employers in the United States, with over 150,000 associates. Dollar General remains committed to its mission of providing affordable and convenient shopping options to customers in rural and underserved communities.
Initially known as J.L. Turner and Son.
When James Luther Turner opened his first store in Scottsville, Kentucky, in 1939, he named it J.L. Turner and Son, after himself and his young son, Cal Turner Sr. The name reflected the family-owned and operated nature of the business, which was a common practice at the time for small businesses.
The name J.L. Turner and Son also conveyed a sense of trust and reliability, as customers knew that they were dealing directly with the owners of the store. This was important in rural communities, where people often relied on local businesses for their everyday needs.
As the business grew and expanded, the Turner family decided to change the name to Dollar General Corporation in 1968. This name better reflected the company's growing size and scope, as well as its commitment to offering a wide variety of merchandise at low prices.
However, the legacy of J.L. Turner and Son lives on in the company's values and its commitment to serving rural communities. Dollar General remains a family-oriented business, with members of the Turner family still actively involved in its operations. The company also continues to focus on providing affordable and convenient shopping options to customers in rural and underserved areas.
The name change from J.L. Turner and Son to Dollar General Corporation marked a significant milestone in the company's history, but it also served as a reminder of the humble beginnings of this successful discount retailer.
Became publicly traded in 1968.
In 1968, Dollar General Corporation took the significant step of becoming a publicly traded company. This means that the company's shares were offered for sale on the stock market, allowing investors to buy and sell them.
- Access to capital: Going public allowed Dollar General to raise capital from a wider pool of investors, which it used to fund its expansion and growth.
- Increased visibility: Becoming a publicly traded company gave Dollar General greater visibility and credibility in the marketplace. This helped to attract new customers and suppliers.
- Improved liquidity: Publicly traded shares can be easily bought and sold, providing investors with liquidity. This makes it easier for shareholders to cash out their investments if they need to.
- Enhanced governance: As a publicly traded company, Dollar General is subject to stricter financial reporting and governance requirements. This helps to ensure transparency and accountability.
The decision to go public was a major turning point in Dollar General's history. It allowed the company to access the capital and resources it needed to continue its rapid growth and expansion. It also helped to raise the company's profile and make it a more attractive investment opportunity.
Headquarters in Goodlettsville, Tennessee.
Dollar General's headquarters are located in Goodlettsville, Tennessee, a city just north of Nashville. The company moved its headquarters to Goodlettsville in 2000, after outgrowing its previous headquarters in Scottsville, Kentucky.
- Central location: Goodlettsville is centrally located within Dollar General's operating territory, making it an ideal location for the company's headquarters.
- Access to talent: The Nashville area has a strong pool of talent in the retail and logistics industries, which benefits Dollar General.
- Proximity to transportation hubs: Goodlettsville is located near major highways and airports, making it easy for Dollar General to distribute its products to its stores across the country.
- Lower costs: The cost of doing business in Goodlettsville is lower than in some other major metropolitan areas, which helps Dollar General to keep its operating costs down.
Dollar General's headquarters in Goodlettsville is a state-of-the-art facility that houses the company's executive offices, as well as its merchandising, marketing, distribution, and customer service operations. The company's headquarters is also home to a large distribution center, which serves as a central hub for the distribution of goods to Dollar General stores throughout the region.
Over 18,000 stores nationwide.
Dollar General has grown rapidly over the years and now operates over 18,000 stores in 46 states across the United States. The company's stores are typically located in rural and underserved communities, where residents may have limited access to other retail options.
Dollar General's large number of stores gives it a significant advantage over its competitors. The company is able to leverage its scale to negotiate favorable terms with suppliers, which allows it to offer its products at low prices. Additionally, Dollar General's extensive store network makes it convenient for customers to shop at its stores, even if they live in remote areas.
Dollar General's focus on rural and underserved communities has been a key factor in its success. The company has been able to tap into a large and growing market of customers who are looking for affordable and convenient shopping options. Dollar General's stores also provide jobs and economic opportunities in communities that may have limited employment options.
The company's continued expansion is a testament to its strong brand recognition and customer loyalty. Dollar General has become a trusted destination for shoppers who are looking for a wide variety of products at low prices.
Dollar General's extensive store network is a major competitive advantage for the company. It allows Dollar General to reach a large and diverse customer base, and it gives the company the ability to offer a wide variety of products at low prices.
Employs over 150,000 associates.
Dollar General is one of the largest employers in the United States, with over 150,000 associates working in its stores, distribution centers, and corporate offices.
- Job opportunities: Dollar General provides job opportunities in a variety of fields, including retail sales, customer service, logistics, and administration.
- Competitive benefits: Dollar General offers competitive benefits to its associates, including health insurance, dental insurance, vision insurance, and a 401(k) retirement plan.
- Career advancement opportunities: Dollar General offers career advancement opportunities for its associates, with many opportunities for promotion to management positions.
- Commitment to diversity and inclusion: Dollar General is committed to diversity and inclusion, and the company strives to create a workplace where all associates feel respected and valued.
Dollar General's large workforce is a testament to the company's success and its commitment to its employees. The company's strong employer brand and its commitment to providing competitive benefits and career advancement opportunities have made it a desirable place to work.
Annual revenue of over $35 billion.
Dollar General's annual revenue exceeds $35 billion, making it one of the largest retailers in the United States.
- Strong sales growth: Dollar General has experienced strong sales growth in recent years, driven by its focus on low prices, its convenient store locations, and its wide variety of products.
- Diverse customer base: Dollar General's customer base is diverse and includes shoppers from all income levels. The company's focus on rural and underserved communities has helped it to attract a large and loyal customer base.
- Efficient operations: Dollar General has a very efficient supply chain and distribution network, which helps it to keep its costs down and its prices low.
- Expansion opportunities: Dollar General has significant opportunities for further expansion, both in the United States and internationally.
Dollar General's strong financial performance is a testament to its successful business model and its commitment to its customers. The company is well-positioned for continued growth in the years to come.
Focus on rural and underserved communities.
Dollar General has a strong focus on serving rural and underserved communities. This focus has been a key factor in the company's success, as these communities often have limited access to other retail options.
- Convenient locations: Dollar General stores are typically located in convenient locations, making them easily accessible to residents of rural and underserved communities.
- Affordable prices: Dollar General offers a wide variety of products at low prices, making it a popular shopping destination for budget-conscious consumers.
- Wide product selection: Dollar General stores carry a wide variety of products, including groceries, household items, health and beauty supplies, and apparel. This makes it a one-stop shopping destination for many customers.
- Commitment to customer service: Dollar General is committed to providing excellent customer service. The company's employees are friendly and helpful, and they go out of their way to make sure that customers have a positive shopping experience.
Dollar General's focus on rural and underserved communities has helped the company to build a strong customer base and achieve significant growth. The company is committed to continuing to serve these communities and to providing them with the products and services they need.
Known for affordable prices and convenience.
Dollar General is known for its affordable prices and convenience. The company offers a wide variety of products at low prices, making it a popular shopping destination for budget-conscious consumers.
Dollar General's stores are also conveniently located, often in rural and under-served communities where access to other retail options may be limited. The company's stores are typically small and easy to navigate, making it easy for customers to find the products they need.
Dollar General's commitment to affordable prices and convenience has helped the company to build a strong customer base and achieve significant growth. The company is committed to continuing to offer its customers the products and services they need at the lowest possible prices.
Here are some specific examples of how Dollar General offers affordable prices and convenience to its customers:
- Everyday low prices: Dollar General offers everyday low prices on a wide variety of products, including groceries, household items, health and beauty supplies, and apparel.
- Frequent sales and promotions: Dollar General offers frequent sales and promotions, which can help customers save even more money.
- Convenient locations: Dollar General stores are located in convenient locations, often in rural and under-served communities where access to other retail options may be limited.
- Easy-to-shop stores: Dollar General stores are typically small and easy to navigate, making it easy for customers to find the products they need.
- Friendly and helpful staff: Dollar General employees are friendly and helpful, and they go out of their way to make sure that customers have a positive shopping experience.
Strong brand recognition and customer loyalty.
Dollar General has strong brand recognition and customer loyalty. The company's iconic yellow and black logo is recognizable across the United States, and its stores are often the only retail option in many rural and underserved communities.
- Quality products at low prices: Dollar General offers a wide variety of quality products at low prices, which has helped the company to build a strong customer base.
- Convenient locations: Dollar General stores are located in convenient locations, often in rural and under-served communities where access to other retail options may be limited. This makes Dollar General a popular destination for shoppers who are looking for a quick and easy shopping experience.
- Friendly and helpful staff: Dollar General employees are friendly and helpful, and they go out of their way to make sure that customers have a positive shopping experience. This has helped to build customer loyalty and make Dollar General a popular destination for shoppers.
- Community involvement: Dollar General is committed to being a good neighbor in the communities it serves. The company supports local schools, charities, and other organizations. This has helped to build strong relationships with customers and has made Dollar General a trusted brand in many communities.
Dollar General's strong brand recognition and customer loyalty are valuable assets for the company. These factors have helped Dollar General to achieve significant growth and become one of the largest retailers in the United States. The company is committed to continuing to provide its customers with the products and services they need at the lowest possible prices.
FAQ
Here are some frequently asked questions about Dollar General:
Question 1: Who owns Dollar General?
Answer 1: Dollar General is a publicly traded company, meaning that it is owned by its shareholders. The company's stock is traded on the New York Stock Exchange under the ticker symbol DG.
Question 2: Where is Dollar General headquartered?
Answer 2: Dollar General's headquarters are located in Goodlettsville, Tennessee, a city just north of Nashville.
Question 3: How many stores does Dollar General have?
Answer 3: Dollar General has over 18,000 stores in 46 states across the United States.
Question 4: How many people does Dollar General employ?
Answer 4: Dollar General employs over 150,000 associates in its stores, distribution centers, and corporate offices.
Question 5: What is Dollar General's annual revenue?
Answer 5: Dollar General's annual revenue exceeds $35 billion.
Question 6: What is Dollar General's focus?
Answer 6: Dollar General focuses on serving rural and underserved communities by providing affordable and convenient shopping options.
Question 7: What is Dollar General known for?
Answer 7: Dollar General is known for its affordable prices, convenient store locations, and wide variety of products.
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Dollar General is a popular shopping destination for budget-conscious consumers and residents of rural and underserved communities. The company's commitment to affordable prices, convenience, and customer service has helped it to achieve significant growth and become one of the largest retailers in the United States.
Tips
Here are some tips for shopping at Dollar General:
Tip 1: Sign up for the Dollar General Rewards program.
The Dollar General Rewards program is a free loyalty program that allows you to earn points on your purchases. These points can be redeemed for discounts on future purchases.
Tip 2: Take advantage of Dollar General's coupons and promo codes.
Dollar General offers a variety of coupons and promo codes that can help you save even more money on your purchases. You can find these coupons and promo codes on the Dollar General website, in the Dollar General app, and in local newspapers and circulars.
Tip 3: Shop the clearance section.
Dollar General has a clearance section where you can find items that are marked down significantly. This is a great place to find deals on items that you need or want.
Tip 4: Use the Dollar General app.
The Dollar General app is a great way to stay up-to-date on the latest sales and promotions. You can also use the app to create shopping lists and find store locations.
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Dollar General is a great place to find affordable and convenient shopping options. By following these tips, you can make the most of your shopping experience and save even more money.
Conclusion
Dollar General is a popular discount retail chain that offers a wide variety of products at low prices. The company has over 18,000 stores in 46 states across the United States and employs over 150,000 associates. Dollar General is known for its affordable prices, convenient store locations, and wide variety of products.
The company has a strong focus on serving rural and underserved communities, and it has been successful in providing these communities with affordable and convenient shopping options. Dollar General is also known for its strong brand recognition and customer loyalty.
Overall, Dollar General is a successful and growing company that is committed to providing its customers with the products and services they need at the lowest possible prices.
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