Dollar General
Dollar General Corporation is an American chain of discount stores headquartered in Goodlettsville, Tennessee. As of January 8, 2024, Dollar General operates 19,643 stores in the continental United States and Mexico.
Logo since 2009 | |
Dollar General corporate headquarters in Goodlettsville, Tennessee | |
| Formerly | J.L. Turner and Son |
|---|---|
| Company type | Public |
Traded as | NYSE: DG S&P 500 Component |
| Industry | Discount retailer |
| Founded | October 1939 (as J.L. Turner and Son) June 1955 (as Dollar General) |
| Founders | James Luther Turner Cal Turner |
| Headquarters | , United States |
Number of locations | 19,643 stores (January 8, 2024) |
Areas served | United States (except for Alaska and Hawaii), Mexico |
Key people | Michael M. Calbert (Chairman) Todd Vasos (CEO) John W. Garratt (CFO) |
| Products | Clothing, 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 |
| Revenue | US$37.885 Billion (Fiscal Year Ended February 3, 2023) |
| US$3.328 Billion (Fiscal Year Ended February 3, 2023) | |
Net income | US$2.416 Billion (Fiscal Year Ended February 3, 2023) |
| Total assets | US$29.083 Billion (Fiscal Year Ended February 3, 2023) |
| Total equity | US$5.542 Billion (Fiscal Year Ended February 3, 2023) |
Number of employees | 170,000 (2023) |
| Divisions | Dollar General Market DGX Popshelf |
| Subsidiaries | Dolgencorp, LLC. Old East Main Co. Dollar General Financial Dollar General Global Sourcing Dollar General Literacy Foundation |
| Website | www |
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. Fortune 500 recognized Dollar General in 1999 and in 2020 reached #112. 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.
The company and its business practices have been subject to criticism, particularly in how it may be creating and perpetuating food deserts and stifling local businesses, while offering fewer and lower paying jobs than local businesses.