Description: Dollar General Corporation stock certificateDated 1996 Cal Turner in front of his store vignetteMachine printed signature of Cal Turner Jr.Incorporated in Kentucky Dollar General Corporation is an American chain of variety stores founded in 1939 by J.L. Turner and his son, Cal Turner, Sr., in Scottsville, Kentucky. The company began as a wholesale business called J.L. Turner and Son Wholesale. It shifted to retail in 1955, opening its first Dollar General store, where all merchandise was priced at one dollar or less.Key Milestones in Dollar General's History: 1939 - Founding: J.L. Turner and his son Cal Turner, Sr., established J.L. Turner and Son Wholesale to serve small retailers. The company focused on liquidating bankrupt general stores' inventories at low prices. 1955 - First Dollar General Store: The first Dollar General store opened in Springfield, Kentucky, with the innovative concept of pricing all items at one dollar or less. The business model proved highly successful, leading to rapid expansion. 1968 - Incorporation and Public Listing: Dollar General Corporation was incorporated and went public on the New York Stock Exchange under the ticker symbol "DG." 1977 - Expansion and Leadership Change: J.L. Turner passed away, and Cal Turner, Sr., took over as the company's president. Under his leadership, the company expanded significantly, growing to over 200 stores. 1999 - Transition to Cal Turner, Jr.: Cal Turner, Jr., succeeded his father as CEO. He focused on modernizing the stores and improving product offerings, including adding more branded products alongside the private-label goods that were a hallmark of Dollar General's low-cost model. 2003 - Buyout by Kohlberg Kravis Roberts (KKR): Dollar General was acquired by the private equity firm KKR in a leveraged buyout. This move allowed the company to restructure its operations, improve store layouts, and enhance its supply chain. 2009 - Return to Public Trading: Dollar General went public again, this time under the leadership of Rick Dreiling, who served as CEO from 2008 to 2015. The company focused on expanding its store base, especially in rural and suburban areas, and refining its product mix to include more consumables. 2015 - Acquisition of Family Dollar: Dollar General attempted to acquire Family Dollar to expand its market share, but the bid was unsuccessful. Family Dollar was ultimately purchased by Dollar Tree. Despite this, Dollar General continued its growth strategy, opening thousands of new stores across the U.S. 2020s - Continued Expansion: Dollar General expanded into more urban areas and began offering new services, such as DG Fresh, a self-distribution model for perishable goods, and DG GO!, a scan-and-go mobile app for in-store purchases. The company also introduced its Popshelf brand, targeting a more affluent demographic with stores that offer home décor, beauty products, and party supplies at affordable prices. 2023 - CEO Transition: Todd Vasos, who had been CEO since 2015, stepped down, and Jeff Owen took over as CEO. The company continues to focus on growth and innovation, especially in e-commerce and digital initiatives. Today, Dollar General operates more than 18,000 stores across 47 states, making it one of the largest discount retailers in the United States. Its business model, focusing on low prices and convenience, has made it a popular shopping destination, especially in rural and underserved areas.
Price: 14.99 USD
Location: Concord, California
End Time: 2024-12-25T21:14:55.000Z
Shipping Cost: 4.99 USD
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Item Specifics
Restocking Fee: No
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
Circulated/Uncirculated: Circulated
Type: Stock
Country/Region of Manufacture: United States
