According to analysts at JP Morgan, Dollar General (DG) - Get Report is headed into a new stratosphere of growth. TheStreet's Jacob Sonenshine writes about it here Dollar General's Price Target Raised to $133 at JPMorgan.
Today the company reportedly has more than 15,400 stores in 44 states. But, it wasn't always the retail giant it is today. In fact, the company got it's start during the Depression.
Dollar General's History
Here's a brief timeline:
It was the year 1939 when James and Cal Turner - with an investment of $5000 each - opened a general store chain, J.L. Turner and Son, in Scottsville, Kentucky.
Their business continued growing and by the mid 1950s, they were able to spread their wings to 35 department stores in Kentucky and Tennessee.
And rest, as they say, is history.
Dollar General's Competitors
The reasonably priced retail sector has plenty of competition. Some of Dollar General's competitors include Target (TGT) - Get Report , Walmart (WAL) - Get Report , Amazon (AMZN) - Get Report and Dollar Tree (DLTR) - Get Report .