Dollar General is an American chain of variety stores headquartered in Goodlettsville, Tennessee.
As of October 2021, it has 18,000 stores across the United States with 143,000 employees.
As of March 2022 Dollar General has a networth of $48.88 Billion.
The company began in 1939 as a family-owned business called J.L. Turner and Son in Scottsville, Kentucky.
It was owned by James Luther Turner and Cal Turner.
Then, the first Dollar General store opened in Springfield, Kentucky on June 1st, 1955.
Its concept was that no item would cost more than one dollar and the idea became a huge success so other stores owned by J.L. Turner and his son Cal Turner Senior were quickly changed to Dollar General.
By 1957, annual sales of Dollar General’s 29 stores were $5 million.
Sadly, in 1964. JL Turner passed away.
Four years later, the company he co-founded went public as Dollar General Corporation, making annual sales of more than $40 million and net income of $1.5 million.
Then in 1977, Cal Turner Jr., who joined the company in 1965, became president of Dollar General.
Cal Turner Jr. led the company until his retirement in 2002.
Under his leadership, the company grew to more than 6,000 stores and $6 billion in sales.
Today the company remains true to the ethic of hard work and friendly customer service created by the founding family.
The yellow Dollar General store sign is a popular symbol of value.
Its suitable and everyday low prices has survived and excelled through the decades.
About a quarter of Dollar General’s merchandise still sells for a dollar or less.
The current CEO is now Michael Witynski who raked in around $11 million in total compensation last year.
He recently announced that his company is raising prices to $1.25 at stores across the United States, due to the current “inflationary environment.