Uncover The Ownership Behind Dollar General: Owned By?
Who owns Dollar General?
Dollar General is an American chain of variety stores headquartered in Goodlettsville, Tennessee. It is the largest discount retailer in the United States by number of stores.
Dollar General was founded in 1939 by Cal Turner Sr. and his wife, J.L. Turner. The company was originally called Turner Brothers, and it operated a single store in Scottsville, Kentucky.
In 1955, the company changed its name to Dollar General. The company began to expand rapidly in the 1960s and 1970s, and by the 1980s, it had become one of the largest discount retailers in the United States.
Dollar General is a publicly traded company. It is listed on the New York Stock Exchange under the symbol DG.
The company's major competitors include Family Dollar, Dollar Tree, and Walmart.
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Dollar General Owned By
Dollar General is a leading discount retailer in the United States, with over 16,000 stores in 46 states. The company is privately owned by a group of investors led by Kohlberg Kravis Roberts & Co. (KKR).
- Founded: 1939
- Headquarters: Goodlettsville, Tennessee
- Number of stores: 16,000+
- Revenue: $25.3 billion (2021)
- Employees: 153,000+
- CEO: Todd Vasos
Dollar General is a major player in the discount retail market, competing with other chains such as Family Dollar, Dollar Tree, and Walmart. The company has a strong focus on rural and underserved communities, and its stores offer a wide variety of products at low prices.
In recent years, Dollar General has been expanding its reach into new markets, including urban areas. The company is also investing in new technologies, such as self-checkout kiosks and online ordering, to improve the customer experience.
1. Founded
Dollar General was founded in 1939 by Cal Turner Sr. and his wife, J.L. Turner. The company was originally called Turner Brothers, and it operated a single store in Scottsville, Kentucky.
- Humble beginnings: Dollar General started out as a small, family-owned business. This humble beginning helped to shape the company's culture and values, which emphasize thriftiness and hard work.
- Long-term vision: The Turners had a long-term vision for Dollar General, and they were willing to invest in the company's future. This long-term vision has helped Dollar General to become one of the largest discount retailers in the United States.
- Adaptability: Dollar General has been able to adapt to changing market conditions over the years. The company has expanded its product offerings, remodeled its stores, and invested in new technologies to meet the needs of its customers.
Dollar General's founding in 1939 has had a profound impact on the company's success. The company's humble beginnings, long-term vision, and adaptability have all contributed to its growth and success.
2. Headquarters
Dollar General is headquartered in Goodlettsville, Tennessee, a city just north of Nashville. The company's headquarters is located in a large, modern office complex that houses over 1,000 employees.
- Central location: Goodlettsville is centrally located in the United States, which makes it a convenient location for Dollar General's headquarters. The company can easily ship products to all parts of the country from its central location.
- Access to talent: Goodlettsville is home to a number of colleges and universities, which gives Dollar General access to a pool of talented employees. The company has been able to attract and retain a highly skilled workforce in Goodlettsville.
- Business-friendly environment: Goodlettsville is a business-friendly city that offers a number of incentives to businesses. Dollar General has been able to take advantage of these incentives to reduce its operating costs.
Dollar General's headquarters in Goodlettsville, Tennessee has played a major role in the company's success. The central location, access to talent, and business-friendly environment have all contributed to Dollar General's growth and profitability.
3. Number of stores
Dollar General's vast network of stores is a key factor in its success. The company's large number of stores allows it to reach a wide range of customers in both rural and urban areas. Dollar General's stores are typically located in convenient locations, which makes it easy for customers to shop at the company's stores.
- Market penetration: Dollar General's large number of stores gives it a strong market penetration. The company's stores are located in all 48 contiguous states, which gives it a reach that is unmatched by its competitors.
- Convenience: Dollar General's stores are typically located in convenient locations, which makes it easy for customers to shop at the company's stores. The company's stores are often located in close proximity to residential areas, which makes it easy for customers to walk or bike to the store.
- Variety: Dollar General's stores offer a wide variety of products, which makes it a one-stop shopping destination for many customers. The company's stores offer a mix of national brands and private label products, which gives customers a wide range of choices.
- Low prices: Dollar General's prices are typically lower than its competitors, which makes it a popular destination for budget-conscious shoppers. The company's low prices are a key factor in its success, and they have helped to make Dollar General one of the most popular discount retailers in the United States.
Dollar General's large number of stores gives the company a number of advantages over its competitors. The company's stores give it a strong market penetration, convenience, and variety. Dollar General's low prices are also a key factor in its success.
4. Revenue
Dollar General's revenue of $25.3 billion in 2021 is a testament to the company's success. The company's revenue has grown steadily over the past several years, and it is now one of the largest discount retailers in the United States.
- Market share: Dollar General's revenue growth has been driven by its increasing market share. The company has been able to gain market share from its competitors by offering low prices and a convenient shopping experience.
- New stores: Dollar General has also been growing its revenue by opening new stores. The company has opened over 1,000 new stores in the past five years, and it plans to continue to open new stores in the future.
- Same-store sales: Dollar General's same-store sales have also been growing in recent years. This means that the company is generating more revenue from its existing stores. Same-store sales growth is a sign of a healthy business, and it indicates that Dollar General is doing a good job of meeting the needs of its customers.
Dollar General's revenue growth is a key factor in the company's success. The company's revenue growth has allowed it to expand its operations and invest in new initiatives. Dollar General is well-positioned to continue to grow its revenue in the future.
5. Employees
Dollar General's large workforce is a key factor in the company's success. The company's employees are responsible for providing excellent customer service, stocking shelves, and keeping the stores clean and organized. Dollar General's employees are also involved in the company's community outreach programs.
- Customer service: Dollar General's employees are known for their friendly and helpful customer service. The company's employees are always willing to go the extra mile to help customers find what they need and to make sure that they have a positive shopping experience.
- Stocking shelves: Dollar General's employees are responsible for stocking the shelves with a wide variety of products. The company's employees work hard to make sure that the shelves are always stocked and that customers can find what they need.
- Store cleanliness: Dollar General's employees are responsible for keeping the stores clean and organized. The company's employees work hard to make sure that the stores are clean and that customers have a pleasant shopping experience.
- Community outreach: Dollar General's employees are involved in the company's community outreach programs. The company's employees volunteer their time to help out in the community and to make a difference in the lives of others.
Dollar General's employees are a valuable asset to the company. The company's employees are dedicated to providing excellent customer service and to making sure that the stores are clean and organized. Dollar General's employees are also involved in the company's community outreach programs. The company's employees are a key factor in the company's success.
6. CEO
Todd Vasos is the CEO of Dollar General. He has been with the company since 2008, and he has held a number of leadership positions, including COO and CFO. Vasos is a strong advocate for Dollar General's mission of serving customers in rural and underserved communities.
- Leadership: Vasos is a strong leader who has helped to guide Dollar General through a period of significant growth. He is known for his strategic vision and his ability to execute on his plans.
- Customer focus: Vasos is passionate about serving Dollar General's customers. He believes that everyone deserves access to affordable products, and he is committed to providing excellent customer service.
- Community involvement: Vasos is actively involved in the communities where Dollar General operates. He believes that businesses have a responsibility to give back to the communities they serve.
Todd Vasos is a key part of Dollar General's success. He is a strong leader who is committed to serving customers and giving back to the community. Vasos is well-positioned to lead Dollar General into the future.
FAQs about "Dollar General Owned By"
This section provides answers to frequently asked questions about Dollar General's ownership and business model.
Question 1: Who owns Dollar General?
Dollar General is owned by a group of investors led by Kohlberg Kravis Roberts & Co. (KKR), a private equity firm.
Question 2: Is Dollar General a publicly traded company?
No, Dollar General is not a publicly traded company. It is a privately held company, meaning that its shares are not traded on the stock market.
Question 3: How many stores does Dollar General have?
As of 2023, Dollar General has over 18,000 stores in the United States.
Question 4: What is Dollar General's annual revenue?
Dollar General's annual revenue is approximately $35 billion.
Question 5: Who is the CEO of Dollar General?
The CEO of Dollar General is Todd Vasos.
These are just a few of the most frequently asked questions about Dollar General. For more information, please visit the company's website.
Summary: Dollar General is a privately held company owned by a group of investors led by Kohlberg Kravis Roberts & Co. The company has over 18,000 stores in the United States and generates approximately $35 billion in annual revenue. Todd Vasos is the CEO of Dollar General.
Transition: The following section provides more information about Dollar General's history and business model.
Conclusion
Dollar General is a privately held company owned by a group of investors led by Kohlberg Kravis Roberts & Co. The company has over 18,000 stores in the United States and generates approximately $35 billion in annual revenue. Dollar General is a major player in the discount retail market, and it is committed to serving customers in rural and underserved communities.
Dollar General's success is due in part to its focus on low prices, convenience, and a wide variety of products. The company is also committed to giving back to the communities it serves. Dollar General is a valuable asset to the communities it serves, and it is well-positioned to continue to grow in the future.
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