Who owns Dollar General and Family Dollar? This question often arises among consumers and investors alike, as these two retail giants dominate the discount market in the United States. In this article, we will delve into the ownership details of both companies and explore their history, market presence, and future prospects.
Dollar General Corporation is the parent company of Dollar General, while Family Dollar Stores, Inc. was once a separate entity that was acquired by Dollar General. The acquisition of Family Dollar by Dollar General was finalized in 2015, marking a significant event in the discount retail industry.
Dollar General Corporation
Dollar General Corporation, founded in 1939 by J. L. Turner, started as a small variety store in Kentucky. Over the years, the company expanded its presence and evolved into the nation’s largest small-box discount retailer. As of now, Dollar General operates over 17,000 stores across 47 states, with a focus on providing customers with quality products at unbeatable prices.
The company is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol “DG.” Its headquarters are located in Goodlettsville, Tennessee. Dollar General’s ownership is spread among its shareholders, with the largest stakeholders being institutional investors such as BlackRock, Vanguard Group, and Fidelity Investments.
Family Dollar Stores, Inc.
Family Dollar Stores, Inc. was founded in 1959 by Leon H. Green and Jack Massey. The company began as a single store in Charlotte, North Carolina and quickly expanded to become a leading discount retailer in the southeastern United States. Family Dollar Stores, Inc. was a publicly traded company on the NYSE under the ticker symbol “FDO.”
Before being acquired by Dollar General, Family Dollar operated approximately 8,000 stores in 46 states. The acquisition by Dollar General aimed to strengthen its market position and expand its reach across the United States. As a result of the merger, Family Dollar Stores, Inc. was dissolved, and its operations were integrated into Dollar General.
Impact of the Acquisition
The acquisition of Family Dollar by Dollar General has had a significant impact on the discount retail industry. The combined company now boasts a vast network of stores, offering customers an even wider selection of products at low prices. This has helped Dollar General maintain its competitive edge against other discount retailers such as Walmart and Dollar Tree.
The acquisition has also allowed Dollar General to leverage its purchasing power and streamline its supply chain, leading to increased profitability. Additionally, the merger has provided customers with a more consistent shopping experience across both brands.
Future Prospects
As the discount retail market continues to grow, Dollar General remains committed to expanding its store network and enhancing its product offerings. The company is focused on improving its e-commerce capabilities and exploring opportunities for international expansion.
In conclusion, Dollar General Corporation owns both Dollar General and Family Dollar. The acquisition of Family Dollar has strengthened Dollar General’s position in the discount retail market, providing customers with a wider selection of products and enhancing the company’s competitive advantage. With a strong market presence and a commitment to growth, Dollar General is poised to continue its success in the years to come.
