Dollar General
Dollar General
In 1955 Dollar General opened their first store. Even thought they were delivering convenience and value to shoppers since 1939. They have over 10,000 Dollar General Stores in 39 states from coast to coast. They conquer the U.S by have more retail than any other retailer. Dollar General have a wide variety of package food, snacks, pet supplies, health and beauty aids, cleaning supplies, paper products, basic apparel, housewares and seasonal items. They come from many producers of national brand name merchandise. Early in 2012 California was bless with their first Dollar General. They have four key operating priorities: 1.Driving productive sales growth, 2.Increasing gross margin, 3. Leveraging process improvements and information …show more content…
technology to reduce costs and 4.expanding our culture of serving others.
Sales Information
At 53 weeks in the year there have been some outstanding highlights. One of the highlights of the 2011 year was that the net sales increased by 13.6% to 14.8 billion. Operating profit increased by 17.0% to 1.5 billion, or 10.1% of sales. In the end they reported a net income of $767 million, or $2.22 per diluted share. In 2011 they have opened 625 new stores. Connecticut, New Hampshire and Nevada are new to the Dollar General Corporation. They plan on opening 625 more stores with the year. This is including 50 in California and expanding their presence from coast to coast.
CEO, President, & other officers of the company
Mr.
Dreiling serves as CEO and Chairman of our Board of Directors. He has been with Dollar General for over 40 years. He gave a unique perspective regarding the industry. He also had experience of overseeing the operations, marketing, manufacturing and distribution functions of other retail companies. But there are several others that are shareholders for Dollar General. Like, Mr.Calbert who severed on their bored for over 4.5 years. The board had chosen Mr.Calbert to lead the executive sessions of the non-management directors. Then it’s Mr. Jones. He has 14 years of experience in governing private equity portfolio companies, including 4.5 years with Dollar General. Then you have Mr. Rhoades who has 17 years of experience. His 17 years is in retail industry. He also has extensive experience in operations, supply chain and finance, among other areas. Last but not least Mr. Rickard, he held the senior management and executive positions for much of his 38 years in the corporate …show more content…
world.
Competition
Dollar General has many different competitors.
They compete with discount stores and with many other retailers. Their direct competitors include Family Dollar, Dollar Tree, Fred’s, 99 Cents Only and various local operators. They also compete with independent operators such as Wal-Mart, Walgreens, and CVS. But their direct competitor is mainly Family Dollar and Dollar Tree. One thing about Dollar General is that they differentiate themselves from other forms of retailing by offering consistently low prices. Some of their competitors have greater financial, distribution, marketing and other resources than they do.
Employees
Approximately 79,800 full-time and part-time employees, including divisional and regional managers, district managers, store managers and distribution centered administrative personnel are employed at Dollar General. They have increasingly focused on recruiting, training, motivating and retaining employees for new and upcoming jobs. They believe that the quality, performance and morale of our employees have increased. They are currently not a party to any collective bargaining agreements.
History of
Company
Dollar General was founded in 1939 by J.L Turner. The store was first called J.L Turner and Son. But during this time they were incorporated as a Kentucky corporation under that name. In 1955 they open their first Dollar General store. During the year of 1968 they changed the name to Dollar General Corporation. But instead of them staying in Kentucky they reincorporated in 1998 as a Tennessee corporation. Their common stock was publicly traded. They were doing this from 1968 until July of 2007 when they merged. They merged with Kohlberg Kravis Roberts & Co. L.P. or KKR. Later in 2009 they were publicly traded again. This time they were traded to Buck Holding, L.P. being traded twice within a couple of year really took affect to some of the profit growth that was coming at that time of the year. They made important positive change to the processes that they use to manage their gross margin. They believe that there will be good and positive changes to come to this company in the end. As of March 2, 2012 Dollar General is known as one of the largest discount retailer in the United States by number. All together they have 9,961 stores located within 39 states which are primarily in the southern, southwestern, Midwestern and eastern United States. This company offer high quality national brands from leading manufacturers. They sell a wide variety of seasonal items and have many different household products. Dollar General has been doing their motto everyday by saving people money and having low prices. Their principal executive office is located in Mission Ridge, Goodlettsville. Overall Dollar General is a great store with great expectations in the business world. They are looking forward to a bright and prosperous future in the long run.
In 1955 Dollar General opened their first store. Even thought they were delivering convenience and value to shoppers since 1939. They have over 10,000 Dollar General Stores in 39 states from coast to coast. They conquer the U.S by have more retail than any other retailer. Dollar General have a wide variety of package food, snacks, pet supplies, health and beauty aids, cleaning supplies, paper products, basic apparel, housewares and seasonal items. They come from many producers of national brand name merchandise. Early in 2012 California was bless with their first Dollar General. They have four key operating priorities: 1.Driving productive sales growth, 2.Increasing gross margin, 3. Leveraging process improvements and information …show more content…
technology to reduce costs and 4.expanding our culture of serving others.
Sales Information
At 53 weeks in the year there have been some outstanding highlights. One of the highlights of the 2011 year was that the net sales increased by 13.6% to 14.8 billion. Operating profit increased by 17.0% to 1.5 billion, or 10.1% of sales. In the end they reported a net income of $767 million, or $2.22 per diluted share. In 2011 they have opened 625 new stores. Connecticut, New Hampshire and Nevada are new to the Dollar General Corporation. They plan on opening 625 more stores with the year. This is including 50 in California and expanding their presence from coast to coast.
CEO, President, & other officers of the company
Mr.
Dreiling serves as CEO and Chairman of our Board of Directors. He has been with Dollar General for over 40 years. He gave a unique perspective regarding the industry. He also had experience of overseeing the operations, marketing, manufacturing and distribution functions of other retail companies. But there are several others that are shareholders for Dollar General. Like, Mr.Calbert who severed on their bored for over 4.5 years. The board had chosen Mr.Calbert to lead the executive sessions of the non-management directors. Then it’s Mr. Jones. He has 14 years of experience in governing private equity portfolio companies, including 4.5 years with Dollar General. Then you have Mr. Rhoades who has 17 years of experience. His 17 years is in retail industry. He also has extensive experience in operations, supply chain and finance, among other areas. Last but not least Mr. Rickard, he held the senior management and executive positions for much of his 38 years in the corporate …show more content…
world.
Competition
Dollar General has many different competitors.
They compete with discount stores and with many other retailers. Their direct competitors include Family Dollar, Dollar Tree, Fred’s, 99 Cents Only and various local operators. They also compete with independent operators such as Wal-Mart, Walgreens, and CVS. But their direct competitor is mainly Family Dollar and Dollar Tree. One thing about Dollar General is that they differentiate themselves from other forms of retailing by offering consistently low prices. Some of their competitors have greater financial, distribution, marketing and other resources than they do.
Employees
Approximately 79,800 full-time and part-time employees, including divisional and regional managers, district managers, store managers and distribution centered administrative personnel are employed at Dollar General. They have increasingly focused on recruiting, training, motivating and retaining employees for new and upcoming jobs. They believe that the quality, performance and morale of our employees have increased. They are currently not a party to any collective bargaining agreements.
History of
Company
Dollar General was founded in 1939 by J.L Turner. The store was first called J.L Turner and Son. But during this time they were incorporated as a Kentucky corporation under that name. In 1955 they open their first Dollar General store. During the year of 1968 they changed the name to Dollar General Corporation. But instead of them staying in Kentucky they reincorporated in 1998 as a Tennessee corporation. Their common stock was publicly traded. They were doing this from 1968 until July of 2007 when they merged. They merged with Kohlberg Kravis Roberts & Co. L.P. or KKR. Later in 2009 they were publicly traded again. This time they were traded to Buck Holding, L.P. being traded twice within a couple of year really took affect to some of the profit growth that was coming at that time of the year. They made important positive change to the processes that they use to manage their gross margin. They believe that there will be good and positive changes to come to this company in the end. As of March 2, 2012 Dollar General is known as one of the largest discount retailer in the United States by number. All together they have 9,961 stores located within 39 states which are primarily in the southern, southwestern, Midwestern and eastern United States. This company offer high quality national brands from leading manufacturers. They sell a wide variety of seasonal items and have many different household products. Dollar General has been doing their motto everyday by saving people money and having low prices. Their principal executive office is located in Mission Ridge, Goodlettsville. Overall Dollar General is a great store with great expectations in the business world. They are looking forward to a bright and prosperous future in the long run.