Introduction
Walmart is an American global retail corporation in Bentonville, Arkansas, United States. It was founded by Sam Walton in 1962. The company has 11,003 stores worldwide with revenue of about US$559.405 billion; with 2.3 million employees. Dollar General on the other hand is an American chain of variety stores that began in1938 and was founded by James Luther Turner and Cal Turner. The store has its headquarters in Goodlettsville, Tennessee, United States. Dollar General runs 17,000 stores with 143,000 employees and has become a profitable store with revenue of about $27.8billion. Now the question is “Is Dollar General Owned By Walmart?”.
Is Dollar General Owned By Walmart?
Dollar General Corporation began as J.L Turner and Son as a family-owned business before changing its name. In the rural United States, the company has become the most profitable store. Walmart was formerly known as Wal-Mart Discount City then later changed its name. Over the years, the retail store has grown to become the largest personal employer that deals with different:
- Discount department stores
- Hypermarkets
- Grocery stores
It is true to say that Walmart Company is larger than Dollar General. However, Dollar General Corporation is not owned by Walmart and neither is it owned by any of the big grocery stores. In addition, Dollar General has not announced that it owns any type of industry or well-known brand. It should be noted that Dollar General has once purchased a few of Walmart’s store locations.
The purpose of Dollar General buying store locations from Walmart was with an intention to convert them to new Dollar General Corporation retail stores. Furthermore, the retail store has different brands that are self-owned and help them sell their products. These stores comprise:
- Clover valley water bottles
- Sweet smiles candy
- PopShelf
Even though Walmart Company does not own Dollar General Corporation, the store is a publicly-traded company that has always been specifically owned by some private equity investors since its beginning date. These private investors are:
- GS Capital Partners
- Kohlberg Kravis Roberts
- Citigroup Private Equity
Companies Owned By Walmart
Walmart is a family-owned company that owns quite a number of stores that are not necessarily based in the United States. There are two popular chain stores that are outside the United States and are owned by Walmart. The two stores are the:
- Seiyu that has its location in Japan
- Asda operates in the United Kingdom
Walmart has become a publicly-traded industry that tries to manage all its shares through the Walton family holdings trust as well as the Walton enterprise LLC firm. Some of the United State- based stores that Walmart owns include:
- Bonobos
- Jet.com
- Moosejaw
- Parcel
- ShoeBuy
Bonobos
This brand is an online clothing line that Walmart took over in 2017. The company has an acquisition price of $310 million. The main aim of taking over Bonobos was to boost the online sales of the variety of brands available at the store.
Jet.com
Walmart purchased this store in the year 2016 as an E-commerce business. The company took over the store to enter into a competition with Amazon.com. The acquisition price of Jet.com is $3.3 billion. Moreover, the owner of the company decided to join Walmart and run the business together.
Moosejaw
Moosejaw is an online outdoor retailer with an acquisition price of $51 million. Walmart bought the online retail store in 2017. The business rapidly grew even as an independent brand at the same locations. This online retailer managed to keep Walmart top of the chain as a serious competitor of Amazon.com.
Parcel
The delivery company began in 2013 as a stand-alone business before Walmart took over in 2017. The purpose of the business was to create a wide range of delivery potential and infrastructure to boost the online brand. The package delivery industry uses algorithms to go about the delivery of products such as:
- Groceries
- Meal kits
- E-commerce goods
ShoeBuy
This is an E-commerce footwear retail industry that was purchased in 2016 by Walmart at an acquisition price of $70 million. ShoeBuy was bought after Jet.com was purchased months later.
Conclusion
Dollar General is not owned by Walmart Company. It is a stand-alone corporate industry that is owned by three private equity investors. Both of the companies are great at business and they keep growing over the years. Dollar General does not own any brands either unlike Walmart which owns a number of stores.
Frequently Asked Questions
- Which company is ranked top between the two?
Walmart is ranked 103 globally.
- When did Dollar General purchase former Walmart stores?
Dollar General purchased them around October 2016.
- What is Dolgencorp?
It is one of Dollar General’s subsidiaries.
