The impact of Dollar General extends well beyond the company’s price points and store designs. Because of its size, it helps fill jobs in neighborhoods that other businesses overlook.
Dollar General’s Literacy Foundation teaches people of all ages the life-changing potential of reading, and the company’s dedication to local concerns fosters stronger communities.
Originally known as J.L. Turner, Dollar General is the company’s parent company and manages a number of businesses, including Dollar General Market, Dollar General Financial, and Dollar General Global Sourcing. These big-box retailers supply a variety of things, such as toys, clothes, cosmetics, household goods, and cleaning supplies.
The firm was founded in Scottsville, Kentucky, in 1939 as J.L. Turner & Son, a family-run enterprise. In 1955, the company that James Luther Turner and Cal Turner founded changed its name to Dollar General Corporation.
In 1968, the corporation made a big move by going public on the New York Stock Exchange. on 1999, Dollar General was included on the Fortune 500, and by 2020, it had risen to an astounding #112 on the list.
With a sales of around $27 billion in 2019, Dollar General has become one of the most profitable retail chains thanks to its dominance in rural America.
In 2003, Dollar General launched Dollar General Market as a foray into the food industry. In 2004, the business opened a sourcing unit in Hong Kong to expand into low-cost Asian markets.
In January 2017, Dollar General opened DGX, a concept store in Nashville, Tennessee, as part of an expansion of its retail formats. With its rapid consumption products, such as a coffee station and a soda fountain, DGX caters to urban consumers. Dollar General had 12 DGX facilities in nine states by September 2020.
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