Uncover The Ownership Behind: Who Controls Dollar Generals?
Have you ever wondered who owns Dollar General?
Dollar General is a chain of discount stores that sells a variety of items, including food, clothing, and household goods. The company was founded in 1939 by Cal Turner Sr. and is currently headquartered in Goodlettsville, Tennessee.
Dollar General has over 17,000 stores in 46 states. The company employs over 135,000 people and generates over $25 billion in annual revenue.
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Dollar General is a publicly traded company. The company's stock is traded on the New York Stock Exchange under the ticker symbol DG.
The majority of Dollar General's stock is owned by institutional investors. The largest shareholder is The Vanguard Group, which owns over 8% of the company's outstanding shares.
Dollar General is a major player in the discount retail industry. The company's low prices and convenient locations have made it a popular destination for shoppers.
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Who Owns Dollar General
Dollar General is a chain of discount stores that sells a variety of items, including food, clothing, and household goods. The company was founded in 1939 by Cal Turner Sr. and is currently headquartered in Goodlettsville, Tennessee.
The following are eight key aspects of "who owns Dollar General":
- Founder: Cal Turner Sr.
- Headquarters: Goodlettsville, Tennessee
- Number of stores: Over 17,000
- Number of states: 46
- Number of employees: Over 135,000
- Annual revenue: Over $25 billion
- Ticker symbol: DG
- Majority shareholder: The Vanguard Group
These aspects provide a comprehensive overview of the ownership of Dollar General. The company is a major player in the discount retail industry, with a large number of stores and employees. The company is also publicly traded, with a majority of its shares owned by institutional investors.
1. Founder
Cal Turner Sr. founded Dollar General in 1939. He was a visionary entrepreneur who saw the potential for a chain of discount stores that would cater to the needs of rural communities.
- Early life and career: Cal Turner Sr. was born in 1915 in Scottsville, Kentucky. He began his career in the retail industry at the age of 19, when he opened a small grocery store in his hometown.
- Founding Dollar General: In 1939, Turner opened the first Dollar General store in Springfield, Kentucky. The store was an immediate success, and Turner soon began to open additional stores throughout the region.
- Growth and expansion: Under Turner's leadership, Dollar General grew rapidly. By the 1960s, the company had over 1,000 stores in operation. Turner continued to expand the company throughout the 1970s and 1980s.
- Legacy: Cal Turner Sr. died in 2001. He is remembered as a pioneer in the discount retail industry. Dollar General is now one of the largest discount retailers in the United States, with over 17,000 stores in 46 states.
Cal Turner Sr.'s founding of Dollar General had a profound impact on the company's ownership. He was the majority shareholder in the company until his death in 2001. His heirs continue to own a significant stake in the company.
2. Headquarters
The location of Dollar General's headquarters in Goodlettsville, Tennessee, plays a significant role in the company's ownership structure and operations.
- Centralized management: Having the headquarters in Goodlettsville allows Dollar General to centralize its management and decision-making processes. The company's leadership team is based in Goodlettsville, and major decisions regarding the company's strategy, operations, and finances are made there.
- Operational efficiency: The centralized location of the headquarters facilitates efficient communication and coordination among different departments and functions within Dollar General. This helps to streamline operations and improve overall efficiency.
- Proximity to distribution centers: Goodlettsville is strategically located near several major distribution centers. This proximity allows Dollar General to receive and distribute goods to its stores quickly and efficiently.
- Access to transportation infrastructure: Goodlettsville's location provides Dollar General with access to major transportation routes, including highways and railroads. This memudahkan the movement of goods to and from the company's distribution centers and stores.
Overall, the location of Dollar General's headquarters in Goodlettsville, Tennessee, provides the company with several advantages, including centralized management, operational efficiency, proximity to distribution centers, and access to transportation infrastructure. These factors contribute to the company's overall success and profitability.
3. Number of stores
The number of stores owned by a company is a key indicator of its size and success. Dollar General's vast network of over 17,000 stores across 46 states is a testament to its dominance in the discount retail industry.
The large number of stores provides Dollar General with several advantages:
- Increased market share: With over 17,000 stores, Dollar General has a wider reach than its competitors. This allows the company to capture a larger market share and generate more revenue.
- Economies of scale: The large number of stores allows Dollar General to negotiate better deals with suppliers and vendors. This results in lower costs, which can be passed on to customers in the form of lower prices.
- Enhanced brand recognition: Dollar General's extensive store network helps to increase brand recognition and visibility. This makes it easier for the company to attract new customers and build customer loyalty.
Overall, the large number of stores owned by Dollar General is a key factor in the company's success. It allows the company to achieve economies of scale, increase market share, and enhance brand recognition.
4. Number of states
Dollar General's presence in 46 states is a significant aspect of "who owns Dollar General" as it reflects the company's extensive geographical reach and market penetration.
The number of states in which Dollar General operates has several implications:
- Market size and potential: The 46 states in which Dollar General operates represent a vast and diverse market. This provides the company with a large customer base and significant growth potential.
- Competitive landscape: The number of states in which Dollar General operates also influences the competitive landscape. By having a presence in 46 states, Dollar General is able to compete with other national retailers and gain market share.
- Operational complexity: Operating in multiple states involves managing different regulatory environments, tax laws, and consumer preferences. Dollar General's ability to navigate these complexities effectively is a key factor in its success.
In summary, Dollar General's presence in 46 states is a key component of "who owns Dollar General" as it reflects the company's market size, competitive position, and operational capabilities.
5. Number of employees
The number of employees at a company is a key indicator of its size, scale, and financial strength. In the case of Dollar General, the company's workforce of over 135,000 employees plays a crucial role in its overall success and operations.
The large number of employees allows Dollar General to maintain a vast network of stores, efficiently manage its supply chain, and provide excellent customer service. Each employee contributes to the company's overall performance and helps to drive its growth and profitability.
Moreover, the employees of Dollar General are a valuable asset to the company. They are the face of the company to customers and play a vital role in building and maintaining customer relationships. Their hard work and dedication are essential to Dollar General's success.
In summary, the number of employees at Dollar General is a key component of "who owns Dollar General." The company's large workforce allows it to operate efficiently, provide excellent customer service, and drive its overall success.
6. Annual revenue
The annual revenue of a company is a key indicator of its financial health and success. In the case of Dollar General, the company's annual revenue of over $25 billion is a testament to its strong financial performance and dominant position in the discount retail industry.
The high annual revenue allows Dollar General to invest in new stores, expand its product offerings, and enhance its customer service. This, in turn, drives further growth and profitability for the company.
Moreover, the annual revenue of over $25 billion gives Dollar General significant purchasing power. This allows the company to negotiate favorable terms with suppliers and vendors, resulting in lower costs and higher profit margins.
In summary, the annual revenue of over $25 billion is a key component of "who owns Dollar General." It reflects the company's financial strength, allows for continued growth and investment, and contributes to its overall success.
7. Ticker symbol
The ticker symbol "DG" is a unique identifier assigned to Dollar General Corporation on the New York Stock Exchange (NYSE). It serves as a shorthand representation of the company and plays a crucial role in the context of "who owns Dollar General." Understanding the significance of the ticker symbol provides insights into the ownership structure and trading activity of the company.
- Identification and Ownership: The ticker symbol "DG" allows investors and traders to easily identify Dollar General Corporation's stock on the NYSE. It serves as a convenient way to distinguish the company from others and facilitates the buying and selling of its shares.
- Trading Activity: The ticker symbol "DG" enables real-time tracking of Dollar General Corporation's stock performance. Investors can monitor the stock's price fluctuations, trading volume, and other relevant data. This information helps them make informed decisions about buying, selling, or holding their shares.
- Company Performance: The ticker symbol "DG" often serves as a proxy for the overall performance of Dollar General Corporation. Analysts and investors use the stock's price movements and trading patterns to gauge the company's financial health, growth prospects, and market sentiment. A strong performance of the "DG" stock typically indicates positive investor confidence and expectations for the company's future.
- Investment Opportunities: The ticker symbol "DG" provides investors with an opportunity to participate in the ownership and potential growth of Dollar General Corporation. By purchasing shares of "DG" stock, investors can gain exposure to the company's business and potentially benefit from its financial success.
In conclusion, the ticker symbol "DG" is an essential element of "who owns Dollar General." It serves as a unique identifier for the company, facilitates trading activity, reflects company performance, and offers investment opportunities. Understanding the significance of the ticker symbol provides insights into the ownership structure, financial health, and market perception of Dollar General Corporation.
8. Majority shareholder
The Vanguard Group is the majority shareholder of Dollar General, owning over 8% of the company's outstanding shares. This significant ownership stake gives Vanguard considerable influence over Dollar General's operations and decision-making.
As a majority shareholder, Vanguard has the power to elect members of Dollar General's board of directors. The board of directors is responsible for overseeing the company's management and strategic direction. Vanguard's influence over the board of directors allows it to shape Dollar General's policies and practices.
Vanguard's ownership stake also gives it a significant voice in major corporate decisions. For example, Vanguard would have a say in any proposed mergers, acquisitions, or changes in Dollar General's business model.
Understanding the connection between "Majority shareholder: The Vanguard Group" and "who owns Dollar General" is important for several reasons. First, it highlights the role of institutional investors in corporate governance. Institutional investors like Vanguard are increasingly becoming major shareholders in publicly traded companies, and their ownership stakes give them significant influence over these companies.
Second, understanding this connection provides insights into the ownership structure of Dollar General. Vanguard's majority ownership stake makes it a key stakeholder in the company, and its interests and priorities will likely have a significant impact on Dollar General's future direction.
FAQs on "Who Owns Dollar General"
This section addresses frequently asked questions and misconceptions about the ownership of Dollar General, providing clear and informative answers.
Question 1: Who founded Dollar General?
Dollar General was founded in 1939 by Cal Turner Sr., a visionary entrepreneur who recognized the need for a chain of discount stores catering to rural communities.
Question 2: Where is Dollar General's headquarters located?
Dollar General's headquarters is located in Goodlettsville, Tennessee. This central location provides the company with efficient management, operational coordination, and access to major distribution centers and transportation routes.
Question 3: How many stores does Dollar General operate?
Dollar General operates over 17,000 stores in 46 states. This extensive network allows the company to reach a vast and diverse customer base, capture a larger market share, and achieve economies of scale.
Question 4: Who is the majority shareholder of Dollar General?
The Vanguard Group is the majority shareholder of Dollar General, owning over 8% of the company's outstanding shares. This significant ownership stake gives Vanguard considerable influence over Dollar General's operations, board of directors, and major corporate decisions.
Question 5: What is the ticker symbol for Dollar General?
The ticker symbol for Dollar General on the New York Stock Exchange is "DG." This unique identifier allows investors and traders to easily identify and track the company's stock performance, trading activity, and overall financial health.
These FAQs provide a comprehensive understanding of the ownership structure, operations, and key stakeholders of Dollar General.
In summary, Dollar General is a publicly traded company with a large network of stores, a dedicated workforce, and significant annual revenue. The majority ownership by The Vanguard Group gives it considerable influence over the company's direction. Understanding these aspects provides valuable insights into the ownership and financial standing of Dollar General.
Conclusion on "Who Owns Dollar General"
In conclusion, the exploration of "who owns Dollar General" reveals a complex and multifaceted ownership structure. The company's humble beginnings as a small grocery store in rural Kentucky have given way to a vast network of over 17,000 stores across 46 states, employing over 135,000 people and generating over $25 billion in annual revenue.
Dollar General's ownership is marked by a diverse group of stakeholders, including institutional investors, individual shareholders, and the Turner family, who continue to hold a significant stake in the company. The Vanguard Group, as the majority shareholder, wields considerable influence over Dollar General's operations and strategic direction.
Understanding the ownership structure of Dollar General is essential for comprehending the company's financial strength, market position, and long-term prospects. As the retail landscape continues to evolve, Dollar General's ownership structure will likely adapt and change, but the company's commitment to providing affordable and convenient shopping options to its customers is expected to remain a constant.

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