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In October 1939, James and Cal opened J.L. Turner and Son with an initial investment of $5,000 each (equivalent to $110,000 in 2023). The switch to retailing resulted in annual sales above $2 million by the early 1950s. By the mid-1950s Turner had 35 department stores in Kentucky and Tennessee.
Inheriting his father's growing regional chain, Cal Turner led Dollar General's expansion beyond its Kentucky and Tennessee stronghold by taking the company public in 1968 and opening hundreds of stores across multiple new states.
Nov 19, 2018 · J.L. Turner and Son, as it was called then (James Luther Turner was my grandfather), had 36 retail stores, generally partnerships with local merchants, in small Kentucky and Tennessee towns.
Cal Turner, Sr. became intrigued by the “Dollar Days” sales big department stores in Nashville and Louisville would tout with big, full-color newspaper ads. He reasoned that if they could afford to make that advertising spend each month, it must be paying off. His idea? To open a store with only one price-point - $1.
Nov 20, 2000 · The idea grew into the Dollar General Corporation, which now operates more than 4,800 discount stores in 25 states. The company, whose stock became publicly traded in 1968, still keeps things...
May 22, 2018 · Cal Turner learned the dollar store business from his father. His father was a natural entrepreneur and I found many of the details of this book insightful. For example, the stores were slow to move to computers and centralized information but when they finally took the plunge the data and information was very helpful so they could even grow ...
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The idea became a huge success and other stores owned by J.L. Turner and his son Cal Turner Sr. were quickly converted. By 1957, annual sales of Dollar General’s 29 stores were $5 million. J.L. passed away in 1964.
