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Dollar General history
Dollar General company history timeline
In 1964 J.L. Turner died leaving his son Cal Turner to succeed him.
In 1968 the company went public as Dollar General Corporation, posting annual sales of more than $40 million and net income in excess of $1.5 million.
In 1997 a distribution center was established in South Boston, Virginia.
By the end of 2000, sales at Dollar General exceeded $4 billion.
On April 30, 2001, Dollar General Corp was liable for making false statements or failing to disclose adverse facts about the company's financial results, and paid $162 million for settlement.
Cal Jr. led the company until his retirement in 2002.
Dollar General entered the grocery market with the establishment of Dollar General Market in 2003.
In 2004, Dollar General expanded to low-cost Asian markets by opening a sourcing office in Hong Kong.
On June 21, 2007, CEO David Perdue announced his resignation leaving David Bere as interim CEO. One month later, all shares of Dollar General stock were acquired by private equity investors for $22 per share.
Dollar General is also active in the IndyCar Series since 2008, serving as the primary sponsor for owner/driver Sarah Fisher's Sarah Fisher Racing team.
Dollar General and Turner (formerly Braun Racing) have been partnered together since 2008, with the team previously sponsoring cars for Frank Cicci Racing and Kevin Harvick Incorporated.
Dollar General filed on August 20, 2009, for an initial public offering of up to $750 Million turning the company once again into a publicly traded corporation.
In August 2009, the company announced it will file for an initial public offering, turning the company, again, into a publicly traded corporation.
Rexall vitamins and supplements began appearing at Dollar General stores in March and by fall 2010 a full line of Rexall products was available at Dollar General.
$13.04 Billion in sales in fiscal 2011.
Since 2012 Dollar General is no longer a sponsor for Sarah Fisher's Sarah Fisher Racing.
Dollar General became a primary sponsor for Matt Kenseth in the Sprint Cup Series starting in 2013.
On August 18, 2014, Dollar General lodged a competing bid of $9.7 billion against Dollar Tree for Family Dollar.
In November 2014, Dollar General was fined $51,700 by the Occupational Safety and Health Administration (OSHA) following an inspection of a Brooklyn, Mississippi, branch of the store.
On June 3, 2015, Chief Operating Officer Todd Vasos replaced Rick Dreiling as chief executive.
On May 23, 2016, Dollar General announced they would withdraw its sponsorship from NASCAR at the end of the 2016 season.
Dollar General's 13th distribution center opened in San Antonio, Texas, on June 6, 2016, with a local investment of $100 million and the creation of over 500 jobs.
Dollar Express and all of its 323 locations were acquired by Dollar General in April 2017.
Dollar General planned to open 900 new stores in 2018.
The Dollar General Literacy Foundation also celebrated its 25th anniversary in 2018.
Dollar General expanded to 46 states in 2020 with the addition of new stores in Wyoming in March and Washington in April.
As of May 2020, Dollar General operated 12 DGX locations in nine states
Dollar General Board of Directors as of June 2020 are: Michael M. Calbert (Chairman of the Board), Todd Vasos (CEO), Warren Bryant, Patricia Fili-Krushel, Timothy I. McGuire, William Rhodes III, Debra A Sandler and Ralph E. Santana.
In 2020, the Dollar General Literacy Foundation awarded $8.6 million to approximately 970 nonprofit organizations, schools and libraries, which marked its largest one-day grant announcement.
By the end of 2021, the company planned 50 free-standing pOpshelf locations and 25 store-within-a-store locations.
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Dollar General competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Big Lots | 1967 | $4.7B | 22,900 | - |
| Kohl's | 1962 | $16.2B | 110,000 | 1,114 |
| Kroger | 1883 | $147.1B | 465,000 | 8,323 |
| The Home Depot | 1978 | $159.5B | 500,001 | 22,454 |
| Sears Holdings | 2005 | $1.4B | 85,000 | 669 |
| Walgreens | 1901 | - | 210,500 | 18,732 |
| AutoZone | 1979 | $18.5B | 87,000 | 6,997 |
| Vudu | 2004 | - | 180 | - |
| Dillard's | 1938 | $6.6B | 40,000 | 18 |
| Casey's | 1959 | $14.9B | 16,891 | 310 |
Dollar General history FAQs
Zippia gives an in-depth look into the details of Dollar General, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Dollar General. The employee data is based on information from people who have self-reported their past or current employments at Dollar General. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Dollar General. The data presented on this page does not represent the view of Dollar General and its employees or that of Zippia.
Dollar General may also be known as or be related to DOLLAR GENERAL LITERACY FOUNDATION, Dollar General, Dollar General Corporation and J.L. Turner and Son.