Dollar General Corporation is a discount retailer that operates over 9,000 stores in the United States. The company was founded in 1962 and is headquartered in Franklin, Tennessee. In fiscal year 2016, Dollar General reported net income of $2.2 billion.
Approximately 60% of the company’s sales are derived from merchandise that is priced at $1 or less. In fiscal year 2017, Dollar General announced plans to open 1,000 stores in the United States over the next three years.
Dollar General has been majority owned by the private equity firm, Kohlberg Kravis Roberts & Co. since October 2014. In fiscal year 2017, Dollar General announced plans to sell its Mexican subsidiary, Coto, to Grupo Carso. At the time, Dollar General stated that the sale would bolster its cash position and allow it to focus on its U.
S. business. It is unknown who bought Dollar General’s Mexican subsidiary.
