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Dollar General – One of the Most Thriving Chains of Supermarkets in the US
Dollar General is amongst the largest discount retailers in the United States by the number of stores. It has over 12,575 stores located in 43 states. They offer a broad selection of merchandise, including consumables, seasonal, home products and apparel. With all its hard work, it is emerging as a key force that is changing the landscape of variety retailing within the country. The headquarters of the company is at Goodlettsville, Tennessee, United States.
The key features about Dollar General Merchandise are –
- High-quality national brands from leading manufacturers,
- Comparable quality private brand selections with prices at substantial discounts to national brands,
- Low-priced everyday Merchandise.
At present, Dollar General has an estimated overall turnover of $20 Billion. As per Forbes, Dollar General ranked at 575 amongst Global 2000, 425 in sales, 544 in profit, 1,688 in Assets and 467 in Market Value. The overall value of the company is estimated at $23.3 Billion. Dollar General is listed on New York Stock Exchange (NYSE: DG). It is an S&P 500 component. The latest third quarter financial reports for 2016 highlights-
- Net Sales Increased to 0%
- Diluted Earnings Per Share of $0.84
- Cash From Operations Increased 39% Year to Date Through the Third Quarter
- $892 Million of Capital Returned to Shareholders Year to Date Through the Third Quarter
How it originated?
In 1939, J.L. Turner founded Dollar Tree as J.L. Turner and Son, Wholesale. The company was incorporated as a Kentucky corporation under the name J.L. Turner & Son, Inc. in 1955. This was the time when the first Dollar General store was opened. The name of the store was changed to Dollar General Corporation in 1968 and reincorporated in 1998 as a Tennessee corporation. From 1968 to July 2007, their common stock was publicly traded. After that, they merged with an entity controlled by investment funds affiliated with Kohlberg Kravis Roberts & Co. L.P., or KKR. In November 2009, their common stock again became publicly traded, and in December 2013 the entity controlled by investment funds affiliated with KKR sold its remaining shares of their common stock.
How Does It works?
Dollar Tree operating priorities can be summarized as follows: 1) driving profitable sales growth, 2) capturing growth opportunities, 3) enhancing our position as a low-cost operator, and 4) investing in our people as a competitive advantage.
Their business model is based on –
Convenient Locations – All their stores are conveniently located in a variety of rural, suburban and urban communities.
Substantial Growth Opportunities – Their attractive store economics, including a relatively low initial investment and simple, low-cost operating model have allowed them to grow their store base to current levels and provide them with significant opportunities to continue our profitable store growth strategy.
Everyday Low Prices on Quality Merchandise – They offer a price advantage over most food and drug retailers and that their prices are highly competitive with even the largest discount retailers
Time-Saving Shopping Experience -To provide highly convenient, easy to navigate shopping experience they have small box stores which easy to get in and out of quickly.
Community Service –
Through the Dollar General Literacy Foundation, Dollar General shows that it understands adult learners and the goals and aspirations they have for themselves and their families. The prospect of earning a high school equivalency can be daunting when facing the challenges of managing family, home and work responsibilities. They come here in the picture as a support system of family, friends, and mentors to help adult learners find success on the path toward higher education.
Dollar General Properties For Sale Across the United States :
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands, Washington, West Virginia, Wisconsin, Wyoming