Dollar General is an American chain of variety stores headquartered in Goodlettsville, Tennessee. Founded in Kentucky in 1939 as J.L. Turner & Son Wholesale, the dollar concept was introduced in 1955 with the opening of their first Dollar General store where no item would cost more than one dollar. Today, Dollar General is among the largest discount retailers in the United States by number of stores, with 12,575 stores located in 43 states with the greatest concentration of stores in the southern, southwestern, mid-western and eastern United States. Although the price of merchandise today is no longer limited to a dollar, Dollar General offers a broad selection of lower-priced and affordable merchandise, including consumables, seasonal, home products, and apparel with Dollar General Market stores also offering groceries and fresh produce.
The parent company, Dollar General Corporation, is publicly traded (NYSE: DG) with investment grade credit (S&P “BBB”; Moody’s “Baa2”). Fiscal Year 2015 net sales revenue was $20.37 billion, up 7.7% over prior year results and reflects same store sales growth of 2.8%. That marks the company’s 26th consecutive year of same store sales growth. Dollar General did spend time as a privately held company between 2007 and 2009 a period during which the company evaluated its