Dollar General, which offers bargain merchandise to customers insmaller towns, has more than 8,500 stores in 35 states and postedsales of $10.5 billion last year. It was previously publicly tradedfrom 1968 until two years ago, when private equity firm KohlbergKravis Roberts bought the company for $7 billion.
Because of frugality among shoppers during the ongoingrecession, Dollar General is considered a strong performer in theretail sector with 9% growth in stores open for more than a year.Stores are typically 9,000 square feet and are located inhigh-traffic areas within cities with at least 4,500 population andmedian household income of less than $75,000.
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