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Dollar General

Dollar General is a prominent American chain of variety stores headquartered in Goodlettsville, Tennessee. Founded in 1939 by J.L. Turner and Cal Turner, the company has grown significantly over the decades, becoming one of the largest discount retailers in the United States. Known for its wide range of affordable products, Dollar General operates thousands of stores across the country, catering to budget-conscious consumers.

Creation Time:2024-05-19 16 key nodes English

The Timeline

1939 — 2024

  1. 1939

    Foundation of Dollar General

    Dollar General was founded by J.L. Turner and his son, Cal Turner, in Scottsville, Kentucky. Originally named J.L. Turner and Son, the company started as a wholesale business.
  2. 1955

    First Dollar General Store

    The first Dollar General store was opened in Springfield, Kentucky. The concept of selling items for no more than a dollar proved to be highly successful.
  3. 1968

    Public Offering

    Dollar General went public, listing its shares on the New York Stock Exchange, which provided the company with the capital needed for expansion.
  4. 1977

    Death of Founder J.L. Turner

    J.L. Turner, co-founder of Dollar General, passed away. His son, Cal Turner, continued to lead the company and drive its growth.
  5. 1983

    Expansion to 1,000 Stores

    Dollar General reached a significant milestone by opening its 1,000th store, demonstrating the success and scalability of its business model.
  6. 1999

    Introduction of Dollar General Market

    Dollar General introduced Dollar General Market, a new store format that included fresh produce and other grocery items, expanding its product offerings.
  7. 2003

    Cal Turner Jr. Becomes CEO

    Cal Turner Jr., the grandson of the founder, took over as CEO, continuing the family legacy and leading the company into the 21st century.
  8. 2007

    Private Equity Buyout

    Dollar General was acquired by private equity firm Kohlberg Kravis Roberts (KKR) in a deal valued at $7.3 billion. This buyout aimed to revitalize the company and expand its market presence.
  9. 2009

    Return to Public Market

    Dollar General returned to the public market with an initial public offering (IPO), raising substantial capital for further expansion and development.
  10. 2013

    Expansion to 11,000 Stores

    Dollar General continued its rapid growth, reaching 11,000 stores nationwide, further solidifying its position as a leading discount retailer.
  11. 2015

    Acquisition of 41 Walmart Express Stores

    Dollar General acquired 41 Walmart Express stores, converting them into Dollar General locations to expand its footprint in rural and underserved areas.
  12. 2017

    Introduction of DGX Stores

    Dollar General introduced DGX, a smaller format store designed for urban areas, offering a curated selection of products tailored to city living.
  13. 2018

    Expansion to 15,000 Stores

    Dollar General celebrated the opening of its 15,000th store, marking another milestone in its extensive growth and market penetration.
  14. 2020

    Launch of Popshelf

    Dollar General launched Popshelf, a new store concept aimed at suburban shoppers, offering a variety of seasonal and home decor items at affordable prices.
  15. 2022

    Expansion into Mexico

    Dollar General announced plans to expand internationally with the opening of stores in Mexico, marking the company's first foray outside the United States.
  16. 2024

    Continued Growth and Innovation

    Dollar General continues to innovate and expand, focusing on digital initiatives and enhancing the in-store experience to meet the evolving needs of its customers.

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