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Dollar General Corp. is a U.S. chain of variety
stores headquartered in Goodlettsville, Tennessee. As of January 2012, Dollar
General operated over 10,000 stores in
40 U.S. states.
The stores were founded in 1939 by Cal Turner in
Scottsville, Kentucky as J.L. Turner & Son, Inc. In 1968, the business
changed its name to Dollar General Corporation. In 2007, the company was
acquired by the private equity firm Kohlberg Kravis Roberts & Co.(KKR),
which took the company public in 2009.
Dollar General stores are typically in small
shopping plazas or stripmalls in local neighborhoods.[citation needed] The
stores tend to locate in smaller communities than those where Walmart would go.
The company acquired the 280 stores of the P.N. Hirsh Division of Interco, Inc.
(now Furniture Brands International, Inc.) in 1983 and in 1985 added 206 stores
and a warehouse from Eagle Family Discount Stores, also from Interco, Inc. In
recent years, the chain has started constructing more stand-alone stores,
typically in areas not served by another general-merchandise retailer. In some
cases, stores are within a few city blocks of each other.
Dollar General offers both name brand and generic
merchandise — including off-brand goods and closeouts of name-brand items — in
the same store, often on the same shelf. Although it has the word
"dollar" in the name, Dollar General is not a dollar store. Many of
its offerings are priced at more than one dollar. However, goods are usually
sold at set price points of penny items and up to the range of 50 to 60
dollars, not counting phone cards and loadable store gift cards.
Type Public
Traded as
NYSE: DG
Industry Discount, Variety store
Founded
1939
Headquarters
Goodlettsville, Tennessee, U.S.
Number of locations 10,000
Key people
Richard W. Dreiling, CEO
David M. Tehle, CFO
Products
Low cost items
Employees
90,000 (March 2012)
Website Dollar General.com
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