What is the history of Dollar General?
The first Dollar General store opened in Springfield, Ky. on June 1, 1955, and the concept was simple – no item in the store would cost more than one dollar. The idea became a huge success and other stores owned by J.L. Turner and his son Cal Turner Sr.
What was Dollar General name before?
J.L. Turner and Son
In 1955, the name changed to Dollar General Corporation and in 1968 the company went public on the New York Stock Exchange….Dollar General.
| Dollar General corporate headquarters in Goodlettsville, Tennessee | |
|---|---|
| Formerly | J.L. Turner and Son |
| Type | Public |
| Traded as | NYSE: DG S&P 500 Component |
| Industry | Discount retailer |
Who is the owner of Dollar General?
CEO, DOLLAR GENERAL J.L. Turner and Cal Turner Sr. open J.L. Turner and Son Wholesale in Scottsville, KY. Each invested $5,000 and became partners in a wholesale dry-goods business to serve retailers who had survived the depression.
What was the first ever dollar store?
The first Dollar General store opened in Scottsville, Kentucky, on June 1, 1955, the concept was that no item in the store would cost more than one dollar.
Why is it called Dollar General?
Dollar General began as a liquidating company called J. L. Turner and Son Wholesale in Scottsville, Kentucky. The Turner family opened a retail store named Turner Department Store in Springfield, Kentucky, and in 1955, converted the store to the Dollar General name.
What year did Dollar General open its first store?
1939, Scottsville, KYDollar General / Founded
How much money does the CEO of Dollar General make a year?
Todd Vasos
| Salary | $1,341,718 |
|---|---|
| Non-Equity Incentive Plan Compensation | $6,075,000 |
| Change in Pension Value and Deferred Compensation Earnings | $0 |
| All Other Compensation | $87,990 |
| Total | $16,452,823 |
Can you buy a Dollar General franchise?
Unfortunately, Dollar General doesn’t offer a franchising opportunity as of 2022. They only allow select people(those who are already managing or running one of their stores) to open a franchised store. But, you can still lease a Dollar store, provided you can afford to invest at least $150,000.
Which state has the most Dollar General stores?
The state with the most number of Dollar General locations in the US is Texas, with 1,727 locations, which is 9% of all Dollar General locations in America.
Are Dollar General stores individually owned?
Dollar General is a privately owned company. Their financial requirements on how to franchise and operate one of their stores are not known since they don’t allow franchising.