Dollar General, one of the largest small-box retailers in the United States, has a rich history that dates back to its humble beginnings in 1939. Founded by James Luther Turner and his son Cal Turner, the company started as a family-owned business called J.L. Turner and Son in Scottsville, Kentucky. In 1955, it officially became Dollar General Corporation and opened its first store in Springfield, Kentucky.
Since then, Dollar General has experienced tremendous growth and success, expanding to over 19,000 stores in 47 states. The company’s commitment to providing value and convenience to its customers has remained steadfast throughout the years. From its founding, Dollar General has focused on serving its communities and delivering affordable products to customers across the country.
The ownership of Dollar General is distributed among various shareholders, as it is a publicly traded company listed on the New York Stock Exchange. Transparency and accountability are important principles for the company, reflecting its commitment to operating with integrity.
Throughout the years, Dollar General has adapted to changing consumer needs and market trends, expanding into new markets and offering a wide range of products. The company’s continuous growth and expansion plans demonstrate its dedication to reaching new customers and maintaining its position as a leading discount retailer in the industry.
Key Takeaways:
- Dollar General was founded in 1939 by James Luther Turner and Cal Turner.
- The company started as a family-owned business and opened its first store in 1955.
- Dollar General is now the largest small-box retailer in the United States, with over 19,000 stores.
- The company’s ownership is distributed among various shareholders and it is a publicly traded company.
- Dollar General continues to adapt to changing market trends and expand its operations.
- Key Takeaways:
- The Founding of Dollar General
- The Birth of Dollar General
- Current Reach and Impact
- Dollar General’s Growth and Success
- Key Facts about Dollar General’s Growth
- Dollar General’s Evolution
- Expansion into Grocery Market
- Global Expansion
- Technological Advancements
- Dollar General’s Ownership Structure
- Dollar General’s Current Operations
- Dollar General’s Impact on Communities
- Literacy and Education
- Employment Opportunities
- Convenience in Rural Communities
- Dollar General’s Continued Growth
- Dollar General’s Corporate Culture
- Key Aspects of Dollar General’s Corporate Culture:
- Conclusion
- FAQ
- Who owns Dollar General?
- When was Dollar General founded, and who were the founders?
- How did Dollar General grow and become successful?
- How has Dollar General evolved over the years?
- What is Dollar General’s ownership structure?
- How many stores does Dollar General have, and what is its revenue?
- What impact does Dollar General have on communities?
- Is Dollar General continuing to grow?
- What is Dollar General’s corporate culture?
The Founding of Dollar General
Dollar General, a popular discount retailer in the United States, has a fascinating history rooted in the entrepreneurial spirit of its founders. The company was established by James Luther Turner and his son Cal Turner, two individuals with a passion for providing affordable products to their customers.
James Luther Turner, who had prior experience as a traveling salesman for a wholesale grocer, ventured into retailing alongside his son. In 1939, they opened J.L. Turner and Son Wholesale, initially focusing on the wholesale business. However, their entrepreneurial instincts prompted them to make a significant transition into the world of retail. This decision laid the foundation for the birth of the iconic Dollar General brand.
The Birth of Dollar General
In 1955, the very first Dollar General store was established, delighting customers with the promise of products priced at one dollar or less. This pioneering concept resonated with consumers, leading to the swift expansion of the business. The affordable prices and convenient locations of Dollar General stores made them a go-to destination for shoppers seeking value.
“We believe in offering quality merchandise at everyday low prices to help families make their hard-earned dollars go further.”
James Luther Turner and Cal Turner’s vision for Dollar General laid the groundwork for its enduring success and growth. The company’s dedication to providing value to its customers has remained a core principle throughout its history.
Current Reach and Impact
Today, Dollar General boasts over 19,000 stores across 47 states, firmly establishing itself as the largest small-box retailer in the United States. The company continues to thrive by adapting to changing consumer needs and evolving market trends.
Dollar General’s commitment extends beyond its customers to the communities it serves. Through initiatives like the Dollar General Literacy Foundation, the company actively promotes literacy and education. Additionally, Dollar General is a significant employer, offering job opportunities in underserved areas and contributing to local economic growth.
To further its mission of providing affordable and convenient shopping options, Dollar General plans to open 1,000 new stores, remodel 1,500 mature stores, and relocate 80 stores in the coming year. These expansion efforts reflect the company’s dedication to reaching new customers and continuing to serve communities across the nation.
With its rich history, commitment to value, and customer-centric approach, Dollar General remains a beloved and trusted brand in the retail industry.
Dollar General’s Growth and Success
Dollar General’s growth and success can be attributed to the leadership of Cal Turner Sr., who took over as the company’s president in 1977. Under his guidance, Dollar General experienced significant expansion, establishing itself as a prominent player in the retail industry.
“Our mission is to serve our customers with everyday low prices and a wide variety of high-quality products. We strive to provide a convenient shopping experience, ensuring that our customers find everything they need at affordable prices,”
During Cal Turner Sr.’s tenure, Dollar General expanded its reach, operating more than 6,000 stores across the country. The company’s commitment to offering low prices resonated with customers, attracting a loyal customer base and cementing its position as a leading discount retailer.
The success of Dollar General can be attributed to the vision and hard work of its founders, James Luther Turner and Cal Turner. Their dedication to providing value to customers allowed the company to thrive and grow over the years.
As a testament to their success, Dollar General’s annual sales exceeded $6 billion under Cal Turner Sr.’s leadership. The company’s strong financial performance and consistent growth have solidified its position as a prominent player in the retail industry.
Key Facts about Dollar General’s Growth
- Cal Turner Sr. became Dollar General’s president in 1977.
- Under his leadership, Dollar General expanded to over 6,000 stores.
- The company’s annual sales exceeded $6 billion.
- Dollar General’s commitment to low prices and a wide range of products resonated with customers.
| Year | Number of Stores | Annual Sales ($) |
|---|---|---|
| 1977 | 6,000+ | 6,000,000,000+ |
Cal Turner Sr.’s leadership and Dollar General’s focus on value and customer satisfaction have laid the foundation for the company’s continued success. Today, Dollar General remains a top choice for budget-conscious shoppers, offering a wide range of products at affordable prices.
Dollar General’s Evolution
Throughout its history, Dollar General has continuously evolved to meet the changing needs of consumers and adapt to market trends. The company has implemented strategic changes and expansions to remain competitive and provide value to its customers.
Expansion into Grocery Market
In 2003, Dollar General recognized the growing demand for grocery items and made a significant move by entering the grocery market. This decision led to the establishment of Dollar General Market, expanding the variety of products available to customers. Now, in addition to the wide range of general merchandise, customers could conveniently shop for groceries at Dollar General.
Global Expansion
In 2004, Dollar General expanded its reach beyond the United States by opening a sourcing office in Hong Kong. This expansion allowed the company to tap into low-cost Asian markets and take advantage of global sourcing opportunities. By diversifying its supply chain and exploring international markets, Dollar General was able to enhance its product offerings and provide even greater value to customers.
Technological Advancements
Dollar General understands the importance of leveraging technology to improve the customer experience. The company has implemented various technological advancements to enhance its online presence and in-store operations. From offering convenient online shopping options to implementing efficient inventory management systems, Dollar General has embraced technology to stay ahead in the rapidly evolving retail landscape.
“At Dollar General, we recognize the need to adapt and evolve with the changing times. Our focus has always been on providing value and convenience to our customers, and we continuously strive to deliver an exceptional shopping experience.”– Dollar General spokesperson
Despite these changes and advancements, Dollar General remains committed to its core values. The company continues to prioritize providing value and convenience to its customers, ensuring that even as it grows and evolves, it stays true to its founding principles.
| Year | Milestone |
|---|---|
| 2003 | Entry into grocery market with Dollar General Market |
| 2004 | Expansion into low-cost Asian markets with sourcing office in Hong Kong |
| Present | Implementation of technological advancements to enhance the shopping experience |
Dollar General’s Ownership Structure
Dollar General Corporation is a publicly traded company listed on the New York Stock Exchange, symbol DG. As a publicly traded company, the ownership of Dollar General is distributed among various shareholders, including institutional investors and individual shareholders. This ownership structure reflects the company’s commitment to transparency and accountability.
“Transparency and accountability are crucial for a publicly traded company like Dollar General. By distributing ownership among various shareholders, we ensure that the decision-making process is fair and reflective of the interests of our stakeholders,” says Michael M. Calbert, Chairman of Dollar General.
Leading the company, Todd Vasos serves as the Chief Executive Officer (CEO), responsible for overseeing Dollar General’s operations and ensuring the company’s strategic growth. John W. Garratt holds the position of Chief Financial Officer (CFO), managing the financial aspects of the company’s operations.
With its focus on serving communities across the United States, Dollar General’s ownership structure underscores its commitment to providing value and convenience to customers while prioritizing the interests of its shareholders.
Dollar General’s Current Operations
Dollar General is a leading retail chain that operates over 19,000 stores across 47 states in the United States. With a strong presence nationwide, the company offers a wide range of products to cater to the diverse needs of its customers.
From clothing and cleaning supplies to home decor and health and beauty aids, Dollar General has a variety of items to meet the everyday requirements of its shoppers. In addition, the store also stocks pet supplies, toys, seasonal items, and grocery products.
The company’s extensive network of stores ensures convenient access for customers across the country, especially in rural areas where other retailers may be limited. Dollar General is committed to providing value and convenience, making it a go-to shopping destination for many.
“At Dollar General, we strive to offer our customers quality products at affordable prices. We understand the importance of providing convenience and value, and our extensive range of products reflects that commitment,” says Michael M. Calbert, the Chairman of Dollar General.
| Financial Overview | Amount (in billions) |
|---|---|
| Revenue | $37.885 |
| Operating Income | $3.328 |
| Net Income | $2.416 |
Dollar General’s revenue for the fiscal year ended February 3, 2023, was approximately $37.885 billion. The company’s operating income stood at $3.328 billion, with a net income of $2.416 billion. These figures reflect the company’s strong performance and steady growth in the retail industry.
As a major employer, Dollar General provides jobs to approximately 170,000 people across its stores and corporate offices. The company’s commitment to its employees and local communities is evident in its efforts to create employment opportunities and contribute to economic growth.
Dollar General’s current operations highlight its strategic focus on meeting customer needs through a wide product offering and convenient store locations. With its continued commitment to value and customer service, Dollar General remains a trusted and accessible retail destination for millions of shoppers.
Dollar General’s Impact on Communities
Dollar General takes its commitment to communities seriously and strives to make a positive impact in the areas where it operates. Through its various community involvement initiatives, the company seeks to support education, provide employment opportunities, and serve as a convenient shopping option for underserved areas.
Literacy and Education
One of Dollar General’s key community initiatives is the Dollar General Literacy Foundation. This foundation focuses on promoting literacy and education by providing grants to nonprofit organizations, schools, and libraries. The foundation’s efforts aim to improve literacy rates, enhance educational programs, and empower individuals to reach their full potential.
Employment Opportunities
Dollar General recognizes the importance of creating job opportunities, especially in underserved areas. By opening stores in these communities, Dollar General contributes to local economic growth by providing employment opportunities for residents. These jobs help stimulate the local economy, improve livelihoods, and support the community’s overall well-being.
Convenience in Rural Communities
In many rural communities, access to essential retail options can be limited. Dollar General plays a crucial role in addressing this gap by opening stores in these areas. As a result, residents in these communities have a convenient shopping option, ensuring they can easily access essential items without the need to travel long distances.
“Dollar General’s commitment to communities goes beyond just being a retailer. They understand the importance of education and economic growth, and they actively contribute to these areas. As a result, they have become an integral part of many communities across the country.” – Local Community Member
Dollar General’s impact on communities is further highlighted by its involvement in various charitable programs, partnerships with local organizations, and support for disaster relief efforts. Through these initiatives, the company demonstrates its dedication to making a difference and positively influencing the lives of individuals and families.
| Community Impact Areas | Initiatives |
|---|---|
| Literacy and Education | Grants through the Dollar General Literacy Foundation |
| Employment Opportunities | Creating jobs in underserved areas |
| Convenience in Rural Communities | Opening stores in rural areas |
| Charitable Programs | Supporting various community initiatives |
Dollar General’s Continued Growth
Despite its already extensive presence, Dollar General continues to pursue growth opportunities. The company has ambitious plans to expand its reach and strengthen its position as a leading discount retailer.
In the fiscal year 2020, Dollar General aims to:
- Open 1,000 new stores
- Remodel 1,500 mature stores
- Relocate 80 stores
Dollar General’s expansion efforts are focused on reaching new customers and further enhancing its market presence. By opening new stores, remodeling existing ones, and relocating strategic locations, the company aims to offer more convenience and value to its customers across the United States.
Dollar General’s commitment to growth is supported by its strong emphasis on providing value and convenience. By continuously evolving to meet the ever-changing needs of its customers, Dollar General remains at the forefront of the retail industry.
Dollar General’s Corporate Culture
Dollar General’s corporate culture is deeply rooted in its core values of hard work, customer service, and community involvement. These values shape the company’s approach to business and guide its interactions with customers, employees, and the communities it serves.
At Dollar General, providing a friendly and welcoming shopping experience for its customers is of utmost importance. The company strives to create an atmosphere where customers feel valued, appreciated, and confident in their purchasing decisions. Whether it’s assisting with product selection, offering personalized recommendations, or ensuring a hassle-free checkout process, Dollar General is committed to going above and beyond to meet customers’ needs.
Alongside its focus on customer satisfaction, Dollar General firmly believes in the value of its employees. The company recognizes that its success would not be possible without the hard work and dedication of its team members. As a result, Dollar General invests in its employees by providing opportunities for growth, skill development, and advancement within the company. Through training programs, mentorship initiatives, and performance-based rewards, Dollar General empowers its employees to reach their full potential.
Furthermore, Dollar General places a strong emphasis on community involvement. The company understands the importance of giving back and actively engages in initiatives that uplift and support the communities it operates in. From financial contributions to local charitable organizations to employee volunteer programs, Dollar General strives to make a positive impact on the areas it serves.
“At Dollar General, our employees are the heart of our business, and our customers are the reason we exist. We are committed to providing exceptional service and offering quality products at affordable prices. Community involvement is not just a value we hold dear; it’s an integral part of who we are as a company.”
Key Aspects of Dollar General’s Corporate Culture:
- Customer-centric approach: Creating a friendly and welcoming shopping experience for customers
- Employee recognition and development: Providing opportunities for growth, skill development, and advancement
- Community involvement: Engaging in initiatives that uplift and support the communities Dollar General operates in
By embodying these values and fostering a positive corporate culture, Dollar General has cultivated a strong bond with its customers and employees. The company’s commitment to its core values is an integral part of its continued success and positive reputation in the retail industry.
Conclusion
Dollar General, founded by James Luther Turner and Cal Turner, has a remarkable company history that spans over eight decades. From its humble beginnings as a family-owned business in 1939, Dollar General has grown to become the largest small-box retailer in the United States, with a presence in 47 states and over 19,000 stores.
The success of Dollar General can be attributed to its commitment to providing value, convenience, and excellent customer service. The company’s dedication to its core values has resonated with customers and contributed to its continued growth and expansion. With its wide range of products and affordable prices, Dollar General has become a trusted name in communities across the country.
As Dollar General continues its operations and expands its footprint, the company remains true to its corporate culture and values. The commitment to serving communities, supporting education through the Dollar General Literacy Foundation, and providing employment opportunities demonstrates the company’s dedication to making a positive impact.
With its rich history, strong corporate culture, and plans for future growth, Dollar General stands as a testament to the vision and hard work of its founders. As the company continues to evolve and adapt to meet the needs of its customers, it remains a leading player in the retail industry, focused on providing value and convenience to communities nationwide.
FAQ
Who owns Dollar General?
Dollar General Corporation is a publicly traded company listed on the New York Stock Exchange. The company’s ownership is distributed among various shareholders, including institutional investors and individual shareholders.
When was Dollar General founded, and who were the founders?
Dollar General was founded in 1939 by James Luther Turner and his son Cal Turner. The company began as a family-owned business called J.L. Turner and Son in Scottsville, Kentucky.
How did Dollar General grow and become successful?
Under the leadership of Cal Turner Sr., who succeeded his father as president in 1977, Dollar General expanded to over 6,000 stores with annual sales exceeding $6 billion. The company’s commitment to offering low prices and a wide range of products resonated with customers.
How has Dollar General evolved over the years?
Dollar General entered the grocery market in 2003 with the establishment of Dollar General Market. In 2004, the company expanded to low-cost Asian markets by opening a sourcing office in Hong Kong. Dollar General has also implemented technological advancements to enhance the shopping experience for its customers.
What is Dollar General’s ownership structure?
Dollar General Corporation is a publicly traded company listed on the New York Stock Exchange. The company’s ownership is distributed among various shareholders, including institutional investors and individual shareholders.
How many stores does Dollar General have, and what is its revenue?
Dollar General operates over 19,000 stores in 47 states in the United States. The company’s revenue for the fiscal year ended February 3, 2023, was approximately $37.885 billion.
What impact does Dollar General have on communities?
Dollar General supports various charitable initiatives through the Dollar General Literacy Foundation, which promotes literacy and education. The company also provides employment opportunities in underserved areas, contributing to local economic growth.
Is Dollar General continuing to grow?
Yes, Dollar General plans to open 1,000 new stores, remodel 1,500 mature stores, and relocate 80 stores in the fiscal year 2020. The company’s expansion efforts aim to reach new customers and further strengthen its position as a leading discount retailer.
What is Dollar General’s corporate culture?
Dollar General’s corporate culture is rooted in the values of hard work, customer service, and community involvement. The company emphasizes the importance of providing a friendly and welcoming shopping experience for its customers. Dollar General also values the contributions of its employees and provides opportunities for growth and development within the company.
