Dollar General's Stores by Region (2014-2022) (2024)

FAQs

How many Dollar General stores are built each year? ›

During an earnings call in March, Dollar General said it expects to complete 2,385 real estate-related projects this year. That includes opening 800 more new stores, remodeling 1,500 locations, and relocating 85 stores. Comparison helps put Dollar General's substantial size in context.

In 2007, private equity firm Kohlberg Kravis Roberts & Co. (KKR) acquired Dollar General in a leveraged buyout transaction for approximately $6.9 billion.

In an effort to cater to customers who want a more upscale shopping experience, Dollar General is opening retail locations that operate under a different brand. These stores are called pOpshelf, and they're meant to appeal to wealthier and more suburban customers.

Dollar General is not owned by China. However, the company buys a large portion of its merchandise from China. Its competitor Dollar Tree also buys a large portion of its goods from China. That's not surprising, as China is the largest supplier of low-cost goods that companies like Dollar General sell.

Dollar Tree acquired Family Dollar in 2015 for over $8 billion after a bidding war with Dollar General, but Wednesday's earnings report signals difficulty in maintaining the value of both brands. A customer exits a Dollar Tree store holding a shopping bag, May 11, 2022, in Jackson, Miss.

There are 39,679 Dollar & Variety Stores businesses in the US as of 2023, an increase of 3% from 2022.

Dollar General is expanding because rural America is struggling. With its convenient locations for frugal shoppers, it has become one of the most profitable retailers in the U.S. and a lifeline for lower-income customers bypassed by other major chains.

Dollar General (NYSE:DG) announced today it has completed the purchase of 41 former Walmart Express locations across 11 states.

Goodlettsville, TN

Dollar General / Headquarters

Why is Dollar General in trouble? ›

Dollar General has a long history of safety concerns

Dollar General has also faced threats of gun violence and robberies within their stores. Data from the nonprofit Gun Violence Archives shows that 49 people were killed and 172 people were injured in Dollar General stores between 2014 and 2023.

These stores are located in 48 states and territories and 8008 cities. The state with the most Dollar General locations is Texas, with 1947 stores.

Employees have told Insider that one cause for the mess is that Dollar General hasn't allocated enough worker hours to maintaining them. That's led to multiple problems, such as local fire marshals closing Dollar General stores because merchandise is blocking fire exits.

Dollar General is expanding because rural America is struggling. With its convenient locations for frugal shoppers, it has become one of the most profitable retailers in the U.S. and a lifeline for lower-income customers bypassed by other major chains.

Dollar General's brand is ranked #335 in the list of Global Top 1000 Brands, as rated by customers of Dollar General. Their current market cap is $48.43B. Walmart's brand is ranked #104 in the list of Global Top 1000 Brands, as rated by customers of Walmart. Their current market cap is $382.64B.

Dollar General now expects fiscal 2024 same-store sales to rise 1% to 1.6%, down from the prior forecast of 2% to 2.7%, and annual earnings per share to be $5.50 to $6.20, compared with the previous forecast of $6.80 to $7.55.

The first Dollar General store opened in Springfield, Ky. on June 1, 1955, and the concept was simple – no item in the store would cost more than one dollar. The idea became a huge success and other stores owned by J.L. Turner and his son Cal Turner Sr.