Summary and Last Post

November 29, 2010

Dollar General Corporation to Webcast Third Quarter 2010 Financial Results on December 6 and Investor Meeting on December 15

GOODLETTSVILLE, Tenn.--(BUSINESS WIRE)-- Dollar General Corporation (NYSE:DG) plans to report financial results for its third quarter ended October 29, 2010, on Monday morning, December 6, 2010. In connection with the announcement, Rick Dreiling, chairman and chief executive officer, and David Tehle, chief financial officer, will host a conference call on Monday, December 6, 2010 at 9:00 a.m. CST/10:00 a.m. EST.
If you wish to participate, please call (866) 710-0179 at least 10 minutes before the conference call is scheduled to begin. The pass code for the conference call is "Dollar General." The call will also be webcast live at http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.dollargeneral.com&esheet=6527018&lan=en-US&anchor=www.dollargeneral.com&index=1&md5=ac85cc7585b6c62cfd54bef15676d37b under "Investor Information, Conference Calls and Investor Events." A replay of the conference call will be available through Monday, December 20, 2010, and will be accessible online or by calling (334) 323-7226. The pass code for the replay is 56137100.
Investor Meeting on December 15
The Company will hold a meeting with the investment community in New York City at 12:00 p.m. EST on Wednesday, December 15, 2010. The Company expects to discuss its various growth initiatives and to allow time for questions at the meeting.
A webcast of this meeting can be accessed live at approximately 11:00 a.m. CST/12:00 p.m. EST at http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.dollargeneral.com&esheet=6527018&lan=en-US&anchor=www.dollargeneral.com&index=2&md5=905434a0ed2134443456877125959235 under "Investor Information, Conference Calls and Investor Events." A replay of the webcast will be available at the same address through Wednesday, December 29, 2010.
About Dollar General Corporation
Dollar General Corporation has been delivering value to shoppers for more than 70 years. Dollar General helps shoppers Save time. Save money. Every day!(R) by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, house wares and seasonal items at low everyday prices in convenient neighborhood locations. With more than 9,200 stores in 35 states, Dollar General has more retail locations than any retailer in America. In addition to high quality private brands, Dollar General sells products from America's most-trusted manufacturers such as Procter & Gamble, Kimberly-Clark, Unilever, Kellogg's, General Mills, Nabisco, Hanes, PepsiCo and Coca-Cola. Learn more about Dollar General at http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.dollargeneral.com%2F&esheet=6527018&lan=en-US&anchor=www.dollargeneral.com&index=3&md5=895aa466d1442846c91b5ac78bd9f9d7

Going Up

Tuesday Nov 23 Dollar General Corp. Shares in Dollar General Corp. rallied as much as 4.1% this afternoon to touch an intraday- and new 52-week high of $32.23 after fellow discount retailer, Dollar Tree, reported better-than-expected third-quarter earnings this morning

Overall Dollar General Experience

Having chosen this company to blog about I have found out many interesting things I did not know.  I am a shopper at these stores and have found that the convenience, quality, and price have kept me coming back.  It is convenient to just stop in and the workers are always friendly and helpful.  Parking is easy, there are no large lines, and you find really good deals.  Compared to having to go to Walmart I was so excited that they keep popping up everywhere.  I think that this is a stock to consider purchasing I see them doing very well in the future.  I also think that their employees are a happy bunch of people.  They pay well and have benefits and they have that small time family atmosphere.  Obviously there management and their strategic plan are working and they really do see that their human resources is a large asset.

Stock Update

Company	Exchange	Symbol	Last price		Quote change	Market cap
Dollar General Corp.	NYSE	DG	30.96		+0.88 (2.93%)	10.56B

Dollar General Culture

Dollar General maintains that there culture is designed for people entering the workforce for the first time, Dollar General stores provide an ideal foundation of basic work skills along with competitive wages and benefits. Experienced workers are drawn to the opportunity to grow with one of the fastest-growing retailers in America. Celebrating excellence is a hallmark of Dollar General's culture, whether you work in a store, a distribution center or at the store support center.  Since their founders only enjoyed a third grade education it was imperative for them to attack this problem.  They promise to serve their communities by promoting a spirit of involvement, and carry Dollar General's mission to serve deep into the communities they call home. Through their charitable outreach, they strive for a real and lasting impact on individuals and their families.
Literacy is the foundation for improving the quality of life for many Americans. Nationwide, more than 40 million adults can't read well enough to fill out a job application or read a book to their children. Dollar General today helps thousands of individuals take their first steps toward literacy, a general education diploma or English proficiency.  In summary it really seems that Dollar General Cares their value and mission statements and their actions seem to all support what they promote their culture to be.  Their culture appears to be strong and healthy and also adaptive.  They demonstrate this by continually opening stores in very rural areas and providing jobs and services where the competitor has not gone with local, loyal employees.  Everytime I am in their stores their sales people and management have always interacted cheerfully and been very helpful.

Thanksgiving Campaign for St Judes

Nov 19, 2010

Dollar General Offers Customers the Chance to Support St. Jude Children’s Research Hospital® During the Thanks and Giving® Campaign

Shoppers can help save children’s lives by contributing to St. Jude at Dollar General

GOODLETTSVILLE, Tenn. (BUSINESS WIRE), November 19, 2010 - This holiday season, Dollar General (NYSE: DG) again joins St. Jude Children’s Research Hospital for the Thanks and Giving campaign by asking customers to “give thanks for the healthy kids in your life, and give to those who are not.”
The St. Jude Thanks and Giving campaign launches at Dollar General on November 19 and runs through December 12. Customers who shop at Dollar General during this time will have the opportunity to donate $1 or more to the Thanks and Giving campaign at check-out.
“Dollar General is proud to partner with St. Jude to offer our customers the opportunity to save children’s lives through the Thanks and Giving campaign,” said Rick Dreiling, Dollar General’s chairman and CEO. “Each dollar donated to Thanks and Giving will help a child in need of lifesaving medical treatment. Together, we can help St. Jude bring hope to more children.”
Thanks and Giving is an annual tradition that raises funds and awareness for St. Jude, one of the world’s premier centers for the research and treatment of pediatric cancer and other catastrophic childhood diseases. Dollar General has been involved in the Thanks and Giving campaign for five years.
“I am so happy that Dollar General is once again a part of the Thanks and Giving family this year,” said Marlo Thomas, National Outreach Director for St. Jude Children’s Research Hospital. “We are so grateful for their ongoing support. Dollar General and their customers’ commitment to St. Jude will help make a difference in the lives of so many children and their moms and dads.”
In 2010, St. Jude was ranked the most trusted charity in the nation in a public survey conducted by Harris Interactive, as well as named the nation’s No. 1 children’s cancer hospital for 2010-2011 by U.S. News & World Report.
At St. Jude, no child is ever turned away because of a family’s inability to pay. St. Jude also covers the costs of travel, food, and lodging for each patient and a family member.
Since it opened its doors in 1962, St. Jude has developed protocols that have helped push survival rates for childhood cancers from less than 20 percent to 80 percent overall. In fact, the survival rate for the most common form of childhood cancer, acute lymphoblastic leukemia, has risen from just 4 percent in 1962 to 94 percent today thanks to research and treatment protocols developed at St. Jude.
To find the Dollar General store nearest you, visit www.dollargeneral.com.

Dollar General Scandals

I could find no recent scandal information linked with Dollar General, which is a good thing, but they had their fair share of scandals in 2001 and 2002 when Dollar General Chairman and Chief Executive Cal Turner Jr. was awarded a $800,000 cash bonus but had reported wrong accouting information. Even though he apologized the damage had been done.  See below.

WSJ looks at Turner's handling of Dollar General's accounting scandal

Cal Turner Jr.’s apology earlier this week for a $199 million restatement of Dollar General Corp.’s (DG) earnings was at odds with

By David A. Fox

01-17-2002 12:00 AM — Cal Turner Jr.’s apology earlier this week for a $199 million restatement of Dollar General Corp.’s (DG) earnings was at odds with other corporations’ recent treatment of accounting scandals, The Wall Street Journal noted in an article Thursday. It is in contrast with Enron Corp.’s reluctant treatment of its financial scandal and with former Sunbeam CEO Al Dunlap’s agreement to pay $15 million to settle a lawsuit.
It also quoted New York psychologist Mort Feinberg as saying that Turner shouldered “an emormous amount of pain” during the nine-month ordeal, particularly when his honesty was being questioned. Feinberg, who runs BFS Psychological Associates, counsels businesses executives on how to deal with various stresses. Described as a 15-year friend and close adviser to Turner, Feinberg organized a book club for Dollar General executives, according to a Doubleday webpage devoted to workplace book groups.
The Journal article also pointed out that some observers were supportive of Turner’s efforts to improve financial reporting at the Goodlettsville-based retailer; however, others criticized the inclusion of John Holland on the Dollar General audit committee that supervises the reports. He was CEO of Fruit of the Loom in 2000, a year in which the clothing maker sold $53.5 million of goods to Dollar General.

Do I see a pattern here!