What was the first dollar store?

The first Dollar General store opened in Scottsville, Kentucky, on June 1, 1955, the concept was that no item in the store would cost more than one dollar.

Why are dollar stores called dollar stores?

A dollar store is a store that sells inexpensive items for one dollar or less each. A popular concept throughout the world, the stores usually sell everything from cleaning supplies to children’s toys to food.

What is the history of Dollar Tree?

In 1970, K. R. Perry, Doug Perry, and Macon Brock started K&K Toys in Norfolk, Virginia. This mall concept grew to over 130 stores on the East Coast. In 1986, Doug Perry, Macon Brock, and Ray Compton started another chain store called Only $1.00 with five stores, one in Georgia, one in Tennessee, and three in Virginia.

What was the store before Dollar Tree?

Perry started K&K Toys in Norfolk, Virginia. This mall concept toy store grew to over 130 stores on the East coast. The K&K 5&10 store continued to exist and served as the foundation for what would become Dollar Tree.

How did dollar stores start?

The first Dollar General store opened in Springfield, Ky. on June 1, 1955, and the concept was simple – no item in the store would cost more than one dollar. The idea became a huge success and other stores owned by J.L. Turner and his son Cal Turner Sr. were quickly converted.

What happened to GC Murphy stores?

It was demolished to make way for a parking lot in 2004. In April 1985, the company was acquired by Ames Department Stores Inc. Ames converted many of the larger “Murphy’s Mart” stores, and in 1989, sold the variety store division to former competitor McCrory Stores.

What happened to Ben Franklin stores?

In the early 1990s, it began opening its own stores. Those stores were not successful, and their financial problems ultimately interfered with the chain’s ability to deliver goods to its franchisees, 860 locally owned stores in 47 states. The company went bankrupt and closed these stores in 1996–1997.

How much money does the CEO of Dollar General make a year?

Todd Vasos

Salary	$1,341,718
Non-Equity Incentive Plan Compensation	$6,075,000
Change in Pension Value and Deferred Compensation Earnings	$0
All Other Compensation	$87,990
Total	$16,452,823

Which state has the most Dollar General stores?

The state with the most number of Dollar General locations in the US is Texas, with 1,727 locations, which is 9% of all Dollar General locations in America.

How much does the CEO of the dollar store make?

Compensation by Company

CEO Name	CEO Pay	Median Employee Pay
Todd J. Vasos	CEO Pay $16,452,823	Median Employee Pay $16,688