Dollar Tree
 |
|
| Dollar Tree | |
|
Formerly called
|
Only $1.00 |
| Public | |
| Traded as |
NASDAQ: DLTR NASDAQ-100 Component S&P 500 Component |
| Industry | Retail, variety, discount |
| Predecessors |
|
| Founded | 1991 Norfolk, Virginia, U.S. |
| Founders |
|
| Headquarters | Chesapeake, Virginia, United States |
|
Number of locations
|
13,600 (2015) |
|
Areas served
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United States, Canada |
|
Key people
|
Bob Sasser, CEO |
| Products | Party supplies, food and snacks, health and beauty care products, seasonal, housewares, books and toys |
| Revenue |
 US$8.6 billion (2015) |
|
US$1.04 billion (2015) |
|
| Profit |
US$599 million (2015) |
| Total assets |
US$3.56 billion (2015) |
|
Number of employees
|
over 145,000 (2015) |
| Divisions | Dollar Tree Canada |
| Subsidiaries | Family Dollar |
| Website | www |
Dollar Tree, Inc. is an American chain of discount variety stores that sells items for $1 or less. Headquartered in Chesapeake, Virginia, it is member company of Fortune 500 and operates 13,600 stores throughout the 48 contiguous U.S. states and Canada. Its stores are supported by a nationwide logistics network of eleven distribution centers. The company operates one-dollar stores under the names of Dollar Tree and Dollar Bills. The company also operates multi-price-point variety chains under the names Deals and Family Dollar.
Dollar Tree competes in the dollar store and low-end retail markets. Each Dollar Tree stocks a variety of products including national, regional, and private-label brands. Departments found in a Dollar Tree store include health and beauty, food and snacks, party, seasonal décor, housewares, glassware, dinnerware, household cleaning supplies, candy, toys, gifts, gift bags and wrap, stationery, craft supplies, teaching supplies, automotive, electronics, pet supplies, and books. Most Dollar Tree stores also sell frozen foods and dairy items such as milk, eggs, pizza, ice cream, frozen dinners, and pre-made baked goods. In August 2012, the company began accepting manufacturer's coupons at all of its store locations.
In 1954, K. R. Perry opened a Ben Franklin variety store in Norfolk, Virginia, which later became known as K&K 5&10. 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. The expansion of Dollar Stores was continued alongside K&K Toys stores, mostly in enclosed malls. In 1991, the corporation made a decision to focus exclusively on the expansion of dollar stores after selling K&K stores to KB Toys, a Melville Corporation.
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Wikipedia