Who owns Family Dollar and Dollar General? This question often arises among shoppers who are curious about the background and history of these two popular discount retailers. Both companies have made significant impacts in the retail industry, offering affordable products to customers across the United States. In this article, we will explore the ownership details of Family Dollar and Dollar General, highlighting their corporate structures and the individuals behind their success.
Family Dollar is a discount retailer that primarily operates in the southeastern United States. It was founded in 1959 by Leon H. Fortune and was initially known as “Dollar Discount.” The company has since grown to become one of the largest discount retailers in the nation, with over 8,000 stores. Family Dollar is owned by Dollar Tree, Inc., a Fortune 500 company that also owns Dollar Tree. Dollar Tree, Inc. was founded in 1986 by K. Ross Toomey and has since expanded its operations to include multiple discount store chains, including Family Dollar and Dollar Tree.
On the other hand, Dollar General is a discount retailer that operates in all 50 states of the United States. It was founded in 1939 by J. Rollie Floyd as “J. R. Floyd’s Five and Dime.” Dollar General has grown to become the largest small-box discount retailer in the United States, with over 18,000 stores. The company is owned by Dollar General Corporation, which is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol “DG.” Dollar General Corporation was founded by J. Rollie Floyd and his brother, James L. Floyd, and has since become a leading retailer in the discount sector.
The ownership of Family Dollar and Dollar General reflects their respective corporate strategies and growth plans. While Dollar Tree, Inc. has focused on expanding its discount store chains, Dollar General Corporation has focused on expanding its presence in various markets across the United States. Both companies have managed to attract a loyal customer base by offering a wide range of products at low prices, making them go-to destinations for budget-conscious shoppers.
In conclusion, Family Dollar is owned by Dollar Tree, Inc., while Dollar General is owned by Dollar General Corporation. Both companies have achieved remarkable success in the discount retail sector, thanks to their dedicated leadership and strategic growth plans. As these companies continue to expand their operations, it will be interesting to see how they shape the future of discount retail in the United States.
