About the Company
Headquartered in Goodlettsville, Tennessee, Dollar General Corporation is an American variety store chain. With around 16,000 stores across 46 US states, it claims to be America’s largest small-box retailer. It has 143,000 employees working in stores located in states like Alabama, Missouri, New Jersey, Florida, California, Ohio, Texas, Virginia, etc.
It sells toys, personal care, pet products, cleaning supplies, food & beverage, health products, household items, apparel, beauty products, auto & hardware goods, and party & occasion items. Dollar also offers seasonal products and items for different holidays and festivities. The company has few privately owned brands, namely Good & Smart, Studio Selection, Clover Valley, Bobbie Brooks, Gentle Steps, DG Health, DG Home, Smart and Simple, True Living, DG Office, Rexall, Sweet Smile, and Comfort Bay.
Other than these, it also retails products from world-renowned brands like Coca Cola, Clorox, Kimberly-Clark, Mars, Kellogg’s, Hanes, General Mills, Energizer, PepsiCo, Unilever, Procter & Gamble, and Nestle. It offers occasional sales and different types of discount coupons on its website. As of 2020, it has three subsidiaries under its umbrella, namely Dollar General Global Sourcing, Dolgencorp, and Dollar General Literacy Foundation.
The company entered the New York Stock Exchange in 1968 under the trading symbol DG. In 2012, it entered the S&P 500 component index, and DG stock prices had also seen a great spike this year. In 1999, it joined the Fortune 500 list, and as of 2020, holds the 112th rank under it. In 2020, Fortune recognised Dollar in its Global 500 and World’s Most Admired Companies list.
The company originated in Scottsville, Kentucky, as James Luther Turner stated to buy and liquidate bankrupt general stores. His son Cal Turner also joined his business, and together they opened J.L. Turner and Son in 1939. They later switched to retailing that took their annual sales to millions during the 1950s. It had 35 department stores in Tennessee and Kentucky by the mid-1950s, and in 1955 Cal came up with the idea of selling goods for a dollar. That year, its store in Kentucky was converted into the first Dollar General Store. Following which, as of 2020, it is one of the leaders in the retail industry.;
|Organisation||Dollar General Corporation|