Dollar General is a popular retail chain that has over 16,000 stores across the United States. It’s known for its affordable prices and wide selection of products, from groceries and household items to clothing and electronics. But many people may not know who owns this well-known company.
Dollar General was founded in 1939 by J.L. Turner and his son, Cal Turner Sr. The company started as a wholesale business that sold products at low prices to small retailers. In the 1950s, the company began opening its own stores and the rest, as they say, is history.
Today, Dollar General is owned by a group of private equity investors. The majority stakeholder is Kohlberg Kravis Roberts (KKR), a global investment firm that manages over $150 billion in assets. KKR acquired Dollar General in 2007 for $7.3 billion, and the company went public in 2009.
Other investors in Dollar General include Citigroup Private Equity and GS Capital Partners, a subsidiary of Goldman Sachs. These investors have helped fuel the company’s growth, allowing it to expand its reach and offer even lower prices to its customers.
Despite its ownership by private equity investors, Dollar General remains committed to its mission of providing affordable products to its customers. The company is known for its everyday low prices and frequent sales and promotions, which help customers save even more money.
In addition to its retail stores, Dollar General has also expanded its online presence in recent years. The company’s website allows customers to shop for products online and have them delivered to their homes or picked up at a nearby store.
Dollar General’s ownership by private equity investors has helped it become one of the largest and most successful retail chains in the United States. Its commitment to low prices and wide selection of products has made it a go-to destination for millions of customers across the country.
Are Family Dollar and Dollar General Owned by the Same Company?
Family Dollar and Dollar General are not owned by the same company. Family Dollar was acquired by Dollar Tree in 2015, while Dollar General was founded in the 1950s by a father and son who were running department stores and became intrigued by the effectiveness of dollar item promotions. While both companies operate in the dollar store retail space, they are separate entities with different ownership structures.
Source: cookinglight.com
Are Dollar General Stores Company-Owned or Franchised?
Dollar General stores are not franchised and are all company-owned and operated. This means that the profits generated from each store stay within the company and are not distributed to outside operators. As of now, Dollar General has not made any plans to offer franchising opportunities to potential investors. Therefore, if you are interested in investing in a Dollar General store, you would need to explore other options such as purchasing company stock.
Is Dollar General Owned by Walmart or China?
Dollar General is not owned by Walmart or China. It is actually owned by private equity investors such as Kohlberg Kravis Roberts (KKR), Citigroup Private Equity, and GS Capital Partners. Despite being a popular discount store chain in the United States, Dollar General does not belong to any specific large grocery chain. It started as a family-owned business and has since grown to over 17,000 stores in 46 states. So, to answer your question, Dollar General is not owned by Walmart or China, but rather by private equity investors.
Largest Shareholder of Dollar General
According to recent data, the largest shareholder of Dollar General is The Vanguard Group, Inc. The Vanguard Group holds a 7.6% stake in the company, which equates to 17,144,463 shares. It is worth noting that there are several other significant shareholders in Dollar General, including T. Rowe Price Associates, BlackRock Fund Advisors, and Capital Research & Management Co. However, The Vanguard Group currently holds the largest stake in the company.
Dollar General’s Name Change
Dollar General is not changing its name, rather it is introducing a new store model and name called Popshelf. Popshelf will be a new concept store that will aim to attract wealthier customers in the suburbs. Dollar General plans to open 1,000 Popshelf stores over the next four years.
Source: retailtouchpoints.com
Annual Earnings of a Dollar General Store Owner
Based on the information available, the average yearly pay for a Dollar General store owner in the United States is approximately $20,000. This amount is 69% below the national average, which means that Dollar General store owners earn significantly less than the average American worker. It’s important to note that this figure is an average and individual earnings may vary depending on factors such as location, store performance, and experience. Additionally, store owners may earn additional income throuh bonuses or profit-sharing programs. while owning a Dollar General store may provide a source of income, it is unlikely to be a lucrative career choice for those seeking high earnings.
Is Dollar General a Public or Private Company?
Dollar General is a public company. It went public in 1968, four years after the death of its co-founder J.L. Turner. Since then, the company has been traded on the New York Stock Exchange under the ticker symbol DG. As a public company, Dollar General is required to file regular financial reports with the Securities and Exchange Commission (SEC) and is subject to scrutiny by investors and analysts. As of 2021, Dollar General has a market capitalization of over $50 billion and operates thousands of stores across the United States.
Comparing the Size of Dollar General and Walmart
While Dollar General has been experiencing significant growth in recent years, Walmart remains the larger company. As of 2021, Walmart’s market cap is over eight times that of Dollar General. In terms of brand recognition, Walmart also ranks significantly higher on the Global Top 1000 Brands list. However, it’s worth noting that Dollar General has been expanding rapidly, with plans to open 1,050 new stores in 2021 alone. While Dollar General may not be bigger than Walmart at present, the company’s growth trajectory is certainly impressive.
Does China Have an Ownership Stake in Walmart?
China does not own Walmart. Walmart is a publicly traded company, which means it is owned collectively by its shareholders. The largest shareholders of Walmart include the Walton Family, the Vanguard Group, and many individual shareholders from all over the world. While some of these individual shareholders may be from China, Walmart is not a Chinese company and is not owned by the Chinese government or any Chinese entities. It is important to note that Walmart operates in China, as it does in many other countries, but this does not mean that China owns Walmart.
Source: money.com
Does China Own Walmart in the US?
China did not buy Walmart in the US. There have been rumors and false claims circulating on social media platforms that Walmart had been sold to a Chinese investment group, but these claims have been proven to be untrue. Walmart is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores across the United States and in other countries. While Walmart has partnerships and business dealings with Chinese companies, it is not owned or controlled by China.
Does Walmart Own Sam’s Club?
Walmart Inc. does own Sam’s Club. Sam’s Club is a division of Walmart, which operates as a membership warehouse club solution for everyday living. Walmart acquired Sam’s Club in 1983, and since then, it has become an important part of Walmart’s retail operations. Sam’s Club has its own President and CEO, Kathryn McLay, but it operates under Walmart’s umbrella. In the fiscal year ending January 31, 2022, Sam’s Club’s total revenue was $73.6 billion, contributing significantly to Walmart’s overall financial performance.
Conclusion
Dollar General is a popular discount retail chain in the United States that offers a wide range of products at affordable prices. While it is not avaiable for franchising, the company has been successful in expanding its reach and establishing itself as a major player in the retail industry. Despite its success, Dollar General is not owned by a specific large grocery chain, but rather by private equity investors such as Kohlberg Kravis Roberts, Citigroup Private Equity, and GS Capital Partners. This ownership structure has allowed the company to maintain its independence and continue to grow its business. Whether you’re looking for household essentials, snacks, or personal care items, Dollar General is a convenient and budget-friendly option for many consumers.
