What You Need To Know Before Shopping At Dollar General Again

Statistically, there's a good chance you're within five minutes of a Dollar General right now. They're practically everywhere. But there's a lot that even their most devoted customers probably don't know. Here's what you may never have heard about the ubiquitous dollar store chain.

Cal Turner Jr, who was the CEO of Dollar General from 1977 to 2003, chronicled the story of Dollar General in his book My Father's Business: The Small-town Values that Built Dollar General into a Billion Dollar Company. His grandfather, James Luther Turner, moved to Scottsville, Kentucky, and started a bargain store in 1929, the year the United States entered into the Great Depression. Turner began buying out bankrupt stores and liquidating their stocks. Whatever he couldn't liquidate, he sold at his bargain store. He brought on his son, Cal Turner Sr., to help.

In 1939, after the economic landscape had stabilized somewhat, the father and son duo put in $5,000 each to start a wholesale shop to provide goods to the retail shops. That's how J. L. Turner and Son, from which Dollar General would later emerge, was born. After World War II, there was a surge in production of various commodities at low prices. The Turners took advantage.

At one point, the Turners got a great deal on a large shipment of women's underwear, but couldn't find any retailers willing to buy it. So the Turners set up their own junior stores in partnership with local businessmen. Eventually, their attention shifted to the popular "dollar days" promotions they had seen at department stores.The promotions caught on with customers, so they introduced a year-round $1-an-item concept. On June 1, 1955, they converted their department store in Springfield, Kentucky, into a Dollar General. In 1968, the company went public as Dollar General Corporation.

Watch the video to see what you need to know before shopping at Dollar General!

#DollarGeneral #DollarStore #FamilyDollar

Wholesale history | 0:00
Locations, locations, locations | 1:51
Public pushback | 3:26
Urban expansion | 4:56
Not everything's discounted | 5:54
Store brands keep prices low | 6:58

Read Full Article: https://www.mashed.com/216286/the-untold-truth-of-dollar-general/

Видео What You Need To Know Before Shopping At Dollar General Again канала Mashed