Dollar General is one of the biggest players in the retail market of the USA. It is a discount retail store chain headquartered in Goodlettsville, Tennessee. It is the most popular retail store in the rural USA. In its continuous growth, various competitors are the major challenges. So, who are some of Dollar General’s major competitors? Some of Dollar General’s major competitors include Walmart, Target, and Kmart. These three retailers are all larger and have a wider variety of products than Dollar General does, but they also charge higher prices. ..
Dollar General is a major retailer in the USA. It has several competitors, including Walmart, which is the world’s largest department store. Discount stores like Dollar Tree, Family Dollar, and Ross Dress for Less are also major competitors. Retail chains like Costco, Target, and Home Depot also pose a major challenge for Dollar General. ..
An Overview
Dollar General is a retail store that is located on the Fortune 500 list. It was founded in 1939 and earns annual revenue of $27.8 billion. It has more than 17,000 outlets in 46 US states. You can buy clothes, shoes, home accessories, electronics, cleaning equipment, groceries, etc. However, groceries were added to Dollar General’s merchandise in 2003.
Today, Dollar General has around 143,000 employees. ..
Dollar General is planning to open its stores in Mexico this year. The biggest competitors in Dollar General’s home and international market are these retail stores- The company plans to open its first store in Mexico this year, followed by openings in other countries. These stores will offer a wide variety of products, including groceries, clothing, and toys.
Dollar General Competitor – Big Players in the Market
Walmart is the largest departmental store in the world, with total revenue of US$559.2 billion. It is a global retail chain that operates with different names in foreign countries.
In the US, Dollar General is a retail store that specializes in low-cost items. It has a subsidiary, Sam’s Club, which is a warehouse. Sam’s Club has limited outlets in the USA, but it poses strong competition for Dollar General wherever its stores are.
Walmart operates in more than 10,000 locations in the United States. It has a wide variety of products and services to choose from, including everything a shopper needs to buy.
Costco Wholesale Corporation is a major warehouse club in the USA. It’s a membership-based retail chain having more than 800 outlets in the USA. Despite having very few outlets, Costco earns a tremendous revenue of US$166.76 billion.
Costco is a major competitor of Dollar General in its international coverage plan. It ranks at 10th position in Fortune’s 500 US corporations.
Target is a major departmental retail chain in the USA. It has around 2,000 outlets in the USA. As of 2021, Target earned net revenue of US$99.6 billion. Target deals in clothes, shoes, electronics, jewelry, food, etc. Its rank is 37th in Fortune’s 500 US corporations.
Target has a discount store and hypermarket store. Because of the cheap pricing in its discount stores, Target is a direct competitor of Dollar General.
Dollar General’s close competitors
Family Dollar is a retail and discount store like Dollar General. It has acquired Family Dollar in 2015. But still, it operates under its name that is Family Dollar. Family Dollar has more than 8,000 stores in the USA and its net revenue in the year 2020 is US$25.51 billion. In the context of earnings and revenue also, Family Dollar is a very close competitor of Dollar General. Additionally, the pricing, merchandise, and store functioning of both stores are very much similar.
Dollar Tree is a discount store chain that specializes in selling items for only $1. It is a direct competitor to Dollar General, which has more than 15,000 outlets in the United States. However, Dollar Tree’s products are limited in comparison to Dollar General’s. In fiscal year 2021, Dollar Tree earned US$25.509 billion. ..
Ross Dress for Less is a great place to find affordable clothing. They have a wide variety of clothing, from basics to more extravagant items. They also have a great selection of shoes, which can be found at a fraction of the price.
Ross Dress for Less is the largest discount departmental store in the United States. It has around 1,500 retail stores that operate in 37 US states. It is also a direct competitor of Dollar General. At Ross, most of your essential merchandise is available at off-price. However, its revenue is half that of Dollar General i.e. US$12,5 billion. But it is a major competitor of the retail chain in few merchandises.
Conclusion
Dollar General is not one of the most highly valued department stores in the United States, like Walmart and Costco. However, among discount retail store chains, Dollar General has a competitive edge. Dollar General’s major competitors are Family Dollar, Dollar Tree, Ross, Walmart’s Sam’s Club, etc. ..
In 2020, Dollar General’s net sales totaled US$33.75 billion. This increase was due to the company’s growth in sales of goods and services, as well as its expansion into new markets. In 2019, Dollar General’s net sales amounted to US$32.92 billion.
According to the Forbes 2018 list of the largest U.S. retail chains, Dollar General ranks as the ninth largest chain, with a market cap of $48.43 billion. Family Dollar ranks twentieth with a market cap of $25.38 billion. This suggests that Dollar General is a better retail store chain than Family Dollar. ..
