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By the mid-1950s Turner had 35 department stores in Kentucky and Tennessee. In 1955, Cal Turner developed his idea of a retail store selling goods for a dollar, based on the Dollar Days promotions held at other department stores, by converting Turner's Department Store in Springfield, Kentucky, into the first Dollar General Store. [18]
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It later became known as Dollar General, a chain of dollar stores. [1] He listed it on the New York Stock Exchange in 1968. [1] He retired in 1989. [1] By the time of his death, it had "4,800 discount stores in 25 states." [1]
May 28—A new Dollar General is officially open just west of Clovis. The new store is at 1604 U.S. 60-84 between Clovis and the main gate to Cannon Air Force Base. According to a Dollar General ...
Sycamore also sold over 300 Dollar Express stores to rival, Dollar General. [27] In July 2020, it was announced that Sycamore Partners had made a $1.75 billion offer to acquire department store chain and competitor JCPenney out of bankruptcy, and would rebrand 250 JCPenney stores to the Belk name, to help the chain compete directly with Macy's.
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