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.
1939
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
