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Dollar General

Dollar General Corporation
FormerlyJ.L. Turner and Son
Company typePublic
NYSE: DG
S&P 500 Component
IndustryDiscount retailer
FoundedOctober 1939 (1939-10) (as J.L. Turner and Son)
June 1955 (1955-06) (as Dollar General)
FoundersJames Luther Turner
Cal Turner
Headquarters
Goodlettsville, Tennessee
,
United States
Number of locations
19,643 stores (January 8, 2024)[1][2][3]
Areas served
United States (except for Alaska and Hawaii),[4][5] Mexico
Key people
Michael M. Calbert (Chairman)
Todd Vasos (CEO)
John W. Garratt (CFO)
ProductsClothing, cleaning supplies, home decor, health & beauty aids, pet supplies, toys, seasonal items, grocery, pharmacy, electronics, outdoor furniture, footwear, hygiene products, auto, books, gifts, movies, sporting goods, school and office supplies, baby products, furniture & accessories
RevenueIncrease US$37.885 Billion (Fiscal Year Ended February 3, 2023)[6]
Increase US$3.328 Billion (Fiscal Year Ended February 3, 2023)[6]
Increase US$2.416 Billion (Fiscal Year Ended February 3, 2023)[6]
Total assetsIncrease US$29.083 Billion (Fiscal Year Ended February 3, 2023)[6]
Total equityDecrease US$5.542 Billion (Fiscal Year Ended February 3, 2023)[6]
Number of employees
170,000 (2023)
DivisionsDollar General Market[7]
DGX[8]
Popshelf[9]
SubsidiariesDolgencorp, LLC.
Old East Main Co.
Dollar General Financial
Dollar General Global Sourcing
Dollar General Literacy Foundation
Websitewww.dollargeneral.com

Dollar General Corporation is an American chain of discount stores headquartered in Goodlettsville, Tennessee. As of January 8, 2024, Dollar General operated 19,643 stores[1][2] in the continental United States and Mexico.[5][10][11]

The company began in 1939 as a family-owned business called J.L. Turner and Son in Scottsville, Kentucky, owned by James Luther Turner and Cal Turner. In 1955, the name changed to Dollar General Corporation and in 1968 the company went public on the New York Stock Exchange. The Fortune 500 recognized Dollar General in 1999, and in 2020 it reached #112 on the list.[12] Dollar General has grown to become one of the most profitable stores in the rural United States, with revenue reaching around $27 billion in 2019.[13]

The company and its business practices have been subject to criticism, particularly regarding how it may be creating and perpetuating food deserts and stifling local businesses while offering fewer and lower-paying jobs.[14][15][16]

  1. ^ a b "Number of Dollar General locations in the United States in 2023". scrapehero.com. January 1, 2023.
  2. ^ a b "Dollar General Plans To Hire Up To 20K New Employees". Bloomberg. April 14, 2021. Retrieved September 17, 2021.
  3. ^ Mya Frazier (October 11, 2017). "Dollar General Hits a Gold Mine in Rural America". BusinessWeek. Retrieved October 17, 2017.
  4. ^ "Dollar General expanding to its 47th state". 27 September 2021.
  5. ^ a b "Store Locations". Dollar General. Retrieved September 17, 2021.
  6. ^ a b c d e "Dollar General Corporation 2023 Annual Form 10-K Report". investor.dollargeneral.com. March 24, 2023. Retrieved November 16, 2023.
  7. ^ "Dollar General Market". www2.dollargeneral.com. Archived from the original on 2014-12-19. Retrieved 2015-01-13.
  8. ^ "DGX". www.dgxstore.com.
  9. ^ "Dollar General tested a store for wealthier shoppers. Now, it will grow to 1,000 locations". CNBC. December 2, 2021.
  10. ^ "Dollar General Marks International Expansion into Mexico with First Mi Súper Dollar General Store Opening | Dollar General Newsroom". newscenter.dollargeneral.com. Archived from the original on 2023-03-28. Retrieved 2023-03-28.
  11. ^ Post, Mexico Daily (2022-12-20). "Dollar General supermarket arrives in Mexico -". Mexico Daily Post. Retrieved 2023-03-28.
  12. ^ "Dollar General". Retrieved May 22, 2020.
  13. ^ "Dollar General Corporation 2019 Annual Report" (PDF).
  14. ^ "The Impact of Dollar Stores and How Communities Can Fight Back (Fact Sheet)". Institute for Local Self-Reliance. Retrieved June 2, 2020.
  15. ^ Jackman, Caresse (May 29, 2015). "Swartz Creek woman takes push for overtime reform to Washington D.C." ABC 12 News. Retrieved December 7, 2017.{{cite news}}: CS1 maint: url-status (link)
  16. ^ Neiman, Haven; Summers, Keyonna (February 20, 2019). "The Dollar Store Diet: Produce Quality Matches Traditional Chains". University of Nevada, Las Vegas News Center. Retrieved June 2, 2020.

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