Dollar General offers household goods at discount prices with over 11,500 stores in 40 states.
The company originally sold items for only $1 and today, 30% of Dollar General's merchandise is still priced at $1 or less. With stores averaging 7,300 square feet, Dollar General stores feature a focused assortment of highly consumable merchandise, making shopping for basic necessities simple and hassle-free.
In addition to high quality private brands, Dollar General sells products from America's most-trusted manufacturers such as Clorox, Energizer, Mars, Nestle, Kimberly-Clark, Hanes, Kellogg's, General Mills, Nabisco, Unilever, PepsiCo and Coca-Cola.
Dollar General Stores are primarily located in communities of less than 20,000 people or in selected locations within larger metropolitan areas. Many of the Company's customers earn a small paycheck or depend on monthly government assistance. A considerable number are retired.
The average store is about 7,300 square feet with 10,000-12,000 items available.
In fiscal 2013, the company had over $17.5 billion in sales, a 9.2% increase, and net income of $1.02 billion. Same-store sales increased 3.3%. The company plans to open 700 new stores this year.
Dollar General announced in August a proposal to buy the Family Dollar discount chain of stores for $78.50 per share, which is higher than a bid made by competitor Dollar Tree. Family Dollar rejected the acquisition proposal because of anti-trust concerns.
Founded as J.L. Turner & Son, a wholesale business in Scottsville, Ky., in 1939, the company pioneered the dollar store concept in 1955, opening retail stores that sold all items for $1. The format was extremely successful, boosting the company's sales to $25.8 million by 1965. A few years later in 1968, the company launched its initial public stock offering and changed its name to Dollar General.
On July 6, 2007, an investment group consisting of affiliates of Kohlberg Kravis Roberts & Co. L.P. (KKR), GS Capital Partners (an affiliate of Goldman Sachs), Citi Private Equity and other co-investors completed an acquisition of Dollar General Corporation for $7.3 billion.
Here are benefits for full-time store employees:
Retirement and Financial Security Benefits
* Through the 401(k) Savings and Retirement
Plan, Dollar General wants to help you realize your dreams of
retirement. Here is how it works:
Dollar General offers the choice of three comprehensive plans with varying levels of coverage and cost based on your particular needs. Plus, Dollar General contributes toward the cost of these benefits, so we can offer you health insurance at an affordable cost!
Flexible Spending Accounts
Flexible Spending Accounts (FSAs) allow you to save money for eligible health care expenses not covered by the medical plan and dependent care services for eligible children and other qualifying dependents, all on a tax-free basis!
* Medical FSA
Disability and Life Insurance Benefits
* Short and Long Term Disability
Dollar General is committed to creating a culture of wellness that emphasizes preventive measures and healthier lifestyles for our employees.
* Get Healthy
All employees have access to the following resource programs to help with everyday life issues - from stress management to finding scholarships for education.
* Access to Educational & Financial
* Competitive base pay
Benefits for Part-Time Employees
In addition to the opportunity to enroll in the 401(k) Savings and Retirement Plan, part-time employees are eligible to enroll in a sickness and accident program.
Updated August 21, 2014