Dollar Tree, Inc. is an American multi-price-point chain of discountvariety stores. Headquartered in Chesapeake, Virginia, it is a Fortune 500 (sometimes referred to as Fortune 200) company and operates 15,115 stores throughout the 48 contiguous U.S. states and Canada.[1] Its stores are supported by a nationwide logistics network of 24 distribution centers. Additionally, the company operates stores under the name of Dollar Bills, as well as a multi-price-point variety chain under the Family Dollar banner.
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 coupons at all of its store locations.[5]
Most of their stores are located in the South and Northeast, but they can be found scattered across all regions of the United States.
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.[6]
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.[6]
On April 27, 1989, the first “Dollar Tree”-branded store opened at the Jessamine Mall in Sumter, South Carolina.[7] In a May 1989 advertisement in the Sun-News, the fledgling chain, apparently already planning 100 stores for the eastern United States, bills the dollar-pricing model as the “hottest new shopping concept in America”.[8]
1990s
In 1991, the corporation made a decision to focus exclusively on the expansion of dollar stores after selling K&K stores to KB Toys, owned by Melville Corporation.[6]
In 1993, the name Only $1.00 was changed to Dollar Tree Stores to address what could be a multi-price-point strategy in the future, and part equity interest was sold to SKM partners, a private equity firm.[6]
Brock and the co-founders of Dollar Tree got the idea for the company from another retailer known as Everything's A Dollar, which went bankrupt in the 1990s.[9]
On March 6, 1995, Dollar Tree, Inc. went public on the NASDAQ exchange at $15 a share, with a market cap then calculated at $225 million.[citation needed]
In 1996, Dollar Tree acquired Dollar Bill$, Inc., a Chicago-based chain of 136 stores.
In 1999, Dollar Tree acquired Only $One stores based in New York.[10] That same year, the company opened its second distribution center in Olive Branch, Mississippi.
In 2004, Dollar Tree opened its first store in North Dakota which marked its operation of stores in all 48 contiguous states. The company also opened new distribution centers in Joliet, Illinois, and Ridgefield, Washington.[17][18]
In 2006, Dollar Tree celebrated its 20th year of retailing at a $1.00 price point, opened its 3,000th store, and acquired 138 DEAL$ stores, previously owned by SUPERVALU INC.[19]
In 2007, Dollar Tree expanded its Briar Creek Distribution Center and crossed the $4 billion sales threshold.[20] In 2008, Dollar Tree earned a place in the Fortune 500. By the close of 2009, the company opened a store in Washington, D.C., and purchased a new distribution center in San Bernardino, California.[21]
In 2009, Dollar Tree redesigned its website with a new e-commerce platform. DollarTree.com sells Dollar Tree merchandise in larger quantities to individuals, small businesses, and organizations. The company also advertises in-store events, specials, seasonal promotions, and featured products through the site, and users can locate a retail store, research information about Dollar Tree, and view product recalls. Dollar Tree also added customer ratings and reviews, and customer stories to the site.
In 2011, Dollar Tree achieved total sales of $6.63 billion, opened 278 new stores, and completed a 400,000 square feet (37,000 m2) expansion of its distribution center in Savannah, Georgia.
In 2012, Dollar Tree opened another 345 new stores and exceeded $7 billion in sales, with an end-of-the-year market cap at $9.13 billion.
On July 28, 2014, Dollar Tree announced that it was offering $9.2 billion for the purchase of competitor chain store Family Dollar. On August 18, 2014, Dollar General lodged a competing bid of $9.7 billion for Family Dollar.[22] The bid was rejected on August 20, 2014, by the Family Dollar board, which said it would proceed with the deal with Dollar Tree.[23]
In January 2015, Dollar Tree announced plans to divest 300 stores in order to appease US regulators scrutinizing its proposed takeover of Family Dollar stores.[24]
In June 2015, the firm agreed to sell 330 stores to private equity company Sycamore Partners as part of the approval process for its $8.5 billion takeover of Family Dollar.[25]
The company was ranked 134 on the 2018 Fortune 500 list of the United States corporations by revenue.[26]
In March 2019, as part of its reposition plan, Dollar Tree announced that it will close up to 390 Family Dollar stores along with renovating 1,000 other locations.[27]
2020s
On March 3, 2021, it was announced that Dollar Tree had quietly introduced a combination Family Dollar/Dollar Tree store concept, with the first one opening in early 2021.[28] Dollar Tree has opened and operated nearly 50 locations by the end of 2020, primarily in small towns with populations of just a few thousand people.[29]
On September 28, 2021, CEO Michael Witynski, citing increased shipping and labor costs squeezing profit margins, announced that some prices will be rising above $1, possibly to as much as $1.50.[30]
On November 23, 2021, it was announced that Dollar Tree plans to raise its prices from a dollar for typical items to $1.25 in response to inflation and pressure from investors to raise prices. Some of the items sold at Dollar Tree will not have their prices increased. The retailer will introduce the new price point in more than 2,000 stores by December 2021 and complete the roll-out across most of its 8,000 stores by the first quarter of 2022.[31]
On March 13, 2024, Dollar Tree reported a loss of $1.71 billion for latest quarter and announced the closure of near 1000 stores.[32]
On May 29, 2024, the Dollar Tree announced that they have acquired the 99 cent stores; a company that was going bankrupt. The Dollar Tree took 170/171 stores that the 99 Cent Stores owned.
Business strategy
Dollar Tree is classified as an extreme discount store.[33] It claims to be able to achieve this because their buyers "work extremely hard to find the best bargains out there", and it has "great control over the tremendous buying power at the dollar price-point".[34] Its prices are primarily designed to attract financially disadvantaged customers, but it has also become popular within immigrant communities.[33]
Family Dollar bidding
On July 28, 2014, Dollar Tree announced that a deal had been reached and approved by both parties to purchase Family Dollar for $8.5 billion plus acquisition of the $1 billion in debt currently held by Family Dollar.[35][36][37] The deal came in the month following activist investor and major shareholder[38]Carl Icahn's demand that Family Dollar be promptly put up for sale.[39] After their reported deal had been struck, Dollar General entered the bidding, surpassing Dollar Tree's offer, with a $9.7 billion bid on August 18, 2014.[40] On August 20, 2014, Family Dollar rejected the Dollar General bid, saying it was not a matter of price, but concerns over antitrust issues that had convinced the company and its advisers that the deal could not be concluded on the terms proposed. The Family Dollar board had been analyzing potential antitrust issues that could arise from doing a deal with Dollar General, since the start of the year a statement from CEO Howard Levine outlined.[23]
On October 11, 2010, Dollar Tree announced its acquisition of Dollar Giant, incorporated in 2001 in Vancouver, Canada, for $52 million.[41][42] At the time of the acquisition, Dollar Giant had about 85 retail outlets in the provinces of British Columbia, Alberta, Saskatchewan and Ontario.[43] Approximately 30 of its retail locations are in British Columbia, making it the second largest dollar store chain in that province. It was Canada's fourth largest operator of dollar stores. Dollar Tree has since rebranded all of its Dollar Giant stores to Dollar Tree; these were the first retail locations outside of the United States operated by Dollar Tree.
As of 2020[update], the company operates 227 stores across Canada, concentrated in Western Canada and Ontario. All Dollar Tree stores in Canada sell items for C$1.50 or mentioned otherwise which is usually less than C$2.[44]
The Consumer Product Safety Commission lists several recalls for products sold at Dollar Tree stores. The recalled products include salsa jars with broken glass inside them, hot-melt mini glue guns (recalled in January 2008) which could short circuit and cause burns,[46] and candle sets (recalled in February 2004) that could produce excessive flame.[47]
^ abHitt, Jack (August 18, 2011). "The Dollar-Store Economy". The New York Times. Archived from the original on January 27, 2017. Retrieved November 26, 2016.
HessenDua prajurit HessenNegara Hessen-KasselBagian dariAngkatan Darat BritaniaJulukanTentara bayaran HessenPertempuranPerang Revolusi AmerikaTokohTokoh berjasaWilhelm von KnyphausenJohann Rall † Prajurit Hessen adalah prajurit Jerman dari abad ke-18 yang dibayar oleh pemerintah Britania karena lebih mudah meminjam uang untuk membayar mereka daripada merekrut pasukan sendiri.[1] Nama prajurit ini berasal dari negara Hessen-Kassel. Britania menyewa prajurit Hessen untuk keperluan p…
AnusAnus perempuan (kiri) dan laki-laki (kanan).PengidentifikasiTA98A05.7.05.013TA23022FMA15711Daftar istilah anatomi[sunting di Wikidata] Pada manusia, anus (dari Latin anus artinya cincin, lingkaran)[1][2] atau dubur adalah bagian pembukaan luar dari rektum. Sepasang otot sfingter mengontrol keluarnya feses dari tubuh selama buang air besar, yang merupakan fungsi utama anus. Otot-otot ini disebut sfingter anal internal dan sfingter anal eksternal, keduanya berupa otot melin…
Katedral LinaresKatedral Santo AmbrosiusSpanyol: Catedral San Ambrosiocode: es is deprecated Katedral LinaresLokasiLinaresNegara ChiliDenominasiGereja Katolik RomaArsitekturStatusKatedralStatus fungsionalAktifAdministrasiKeuskupanKeuskupan Linares Katedral Linares atau yang bernama resmi Katedral Santo Ambrosius (Spanyol: Catedral San Ambrosiocode: es is deprecated ) adalah sebuah gereja katedral Katolik yang terletak di Linares, Chili. Katedral ini merupakan pusat kedudukan dan takhta bagi…
Government of Spain, 1931–1939 Spanish Republic redirects here. For Spain from 1873 to 1874, see First Spanish Republic. For other uses, see Spanish Republic (disambiguation). Spanish RepublicRepública Española1931–1939 Flag Coat of arms Motto: Plus Ultra (Latin)Further BeyondAnthem: Himno de RiegoAnthem of RiegoEuropean borders of the Second Spanish Republic in addition to its African coloniesCapitaland largest cityMadrid[a]Official languagesSpanish[b]Demony…
American political historian Allan LichtmanBornAllan Jay Lichtman (1947-04-04) April 4, 1947 (age 77)Brooklyn, New York, U.S.NationalityAmericanAlma materBrandeis University (BA) Harvard University (PhD)Political partyDemocratic Allan Jay Lichtman (/ˈlɪktmən/; born April 4, 1947) is an American historian. He has taught at American University in Washington, D.C., since 1973. Lichtman created the Keys to the White House model with Soviet seismologist Vladimir Keilis-Borok in 1981. The…
City in Florida, United StatesMiramar, FloridaCity SealMotto(s): Beauty and ProgressCoordinates: 25°58′44″N 80°16′57″W / 25.97889°N 80.28250°W / 25.97889; -80.28250Country United StatesState FloridaCountyBrowardIncorporatedMay 26, 1955Government • TypeCommission-Manager • MayorWayne M. Messam • Vice MayorAlexandra P. Davis • CommissionersWinston F. Barnes, Maxwell B. Chambers, and Yvette Colbourne&…
دقيق القمح, حبوب كاملة القيمة الغذائية لكل (100 غرام) الطاقة الغذائية 1,418 كـجول (339 ك.سعرة) الكربوهيدرات 72.57 g السكر 0.41 g ألياف غذائية 12.2 g البروتين بروتين كلي 13.70 g الدهون دهون 1.87 g الفيتامينات الثيامين (فيتامين ب١) 0.447 مليغرام (34%) الرايبوفلافين (فيتامين ب٢) 0.215 مليغرام (14%) ني…
Peringatan Partai Komunis Tiongkok ke-100Bagian dari Dua CentenariLogo resmi acara tersebut, ditampilkan di Distrik Tianxin, Changsha, Hunan, Tiongkok.Nama asli 中国共产党成立100周年庆祝活动Tanggal01 Juli 2021 (2021-07-01)LokasiJalan Chang'an, Lapangan Tiananmen, Beijing, TiongkokKoordinat39°54′26.4″N 116°23′27.9″E / 39.907333°N 116.391083°E / 39.907333; 116.391083Koordinat: 39°54′26.4″N 116°23′27.9″E / 39.90733…
Technical standard for accessing information over a mobile wireless network Not to be confused with Wireless access point. For other uses of WAP, see WAP (disambiguation). This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages) This article contains weasel words: vague phrasing that often accompanies biased or unverifiable information. Such statements should be clarified or removed. (October 2015) T…
7th-century Chinese Buddhist monk and scholar This article is about the historical Tang dynasty Buddhist monk. For the eighth-century Vinaya master who traveled to Japan, see Dao-xuan. DaoxuanDaoxuan (ICP) (Nara National Museum)PersonalBorn596Chang'an, Shaanxi, ChinaDied667Chang'an, Shaanxi, ChinaReligionBuddhismParentQian Shen (Chinese: 錢申)SchoolEast Asian Dharmaguptaka Part of a series onBuddhism Glossary Index Outline History Timeline The Buddha Pre-sectarian Buddhism Councils Silk Ro…
Disambiguazione – Matteotti rimanda qui. Se stai cercando altri significati, vedi Matteotti (disambigua). Giacomo Matteotti Segretario del Partito Socialista UnitarioDurata mandato8 ottobre 1922 –10 giugno 1924 PredecessoreCarica istituita SuccessoreCarlo RosselliGiuseppe SaragatClaudio Treves Deputato del Regno d'ItaliaDurata mandato1º dicembre 1919 –10 giugno 1924 LegislaturaXXV, XXVI, XXVII GruppoparlamentareSocialista CollegioFerrara (XXV), …
Public university in Haikou, China Hainan Normal University海南师范大学MottoExalt Virtue, Pursue Studies, Seek Truth and Make InnovationTypePublic universityEstablished1949LocationHaikou, Hainan, ChinaWebsitehainnu.edu.cnChinese nameSimplified Chinese海南师范大学Traditional Chinese海南師範大學TranscriptionsStandard MandarinHanyu PinyinHǎinán Shīfàn Dàxué Hainan Normal University Haikou Campus Hainan Normal University (海南师范大学) is a provincial public univer…
Il tesoro dell'AfricaLocandina originaleTitolo originaleBeat the Devil Lingua originaleinglese Paese di produzioneStati Uniti d'America, Regno Unito, Italia Anno1953 Durata100 min Genereavventura, commedia RegiaJohn Huston SoggettoClaud Cockburn (romanzo) SceneggiaturaJohn Huston, Truman Capote ProduttoreJohn Huston Casa di produzioneRizzoli Film, Romulus Films, Santana Pictures Distribuzione in italianoENIC FotografiaOswald Morris Fotografo di scena: Robert Capa MontaggioRalph Kempl…
Penahbisan Cluny III oleh Paus Urbanus II.[1] Untuk bahasan lebih luas tentang topik ini, lihat Kekristenan pada Abad Pertengahan. Lihat pula: Kekristenan pada abad ke-9 dan Kekristenan pada abad ke-11 Pada abad ke-10, Kekristenan telah menyebar ke sepanjang sebagian besar Eropa dan Asia. Gereja Inggris didirikan, dengan sekolah-sekolah monasterinya, dan Gereja Latin dan Gereja Ortodoks Timur meneruskan pemisahan mereka, secara mutlak berpuncak dalam Skisma Besar. Teologi pra-skolastik D…
The Knight in the AreaGambar sampul manga volume pertamaエリアの騎士(Eria no Kishi)GenreOlahraga (Sepak bola) MangaPengarangHiroaki IganoIlustratorKaya TsukiyamaPenerbitKodanshaPenerbit bahasa IndonesiaElex Media KomputindoMajalahWeekly Shōnen MagazineDemografiShōnenTerbit2006 – 2017Volume57 (Daftar volume) Seri animeSutradaraHirofumi OguraProduserMotomichi ArakiTomoharu MatsuhisaMusikYasunori IwasakiKeiji InaiStudioShin-Ei AnimationSaluranasliTV AsahiTayang 7 Januari 2012 – 28 Septe…
Halaman ini berisi artikel tentang klub sepak bola wanita di Inggris. Untuk klub sepak bola pria, lihat Liverpool FC. Liverpool FC WomenNama lengkapLiverpool Football Club WomenJulukanThe Reds' LadiesBerdiri1989; 35 tahun lalu (1989), sebagai Newton Ladies F.C.StadionPrenton Park(Kapasitas: 16.587)CEOBilly HoganManajerMatt BeardLigaFA Super League2022–2023ke-7Situs webSitus web resmi klub Kostum kandang Kostum tandang Kostum ketiga Liverpool Football Club Women adalah klub sepak bola…
1986 Italian filmA Tale of LoveDirected byFrancesco MaselliWritten byFrancesco Maselli Fiore De RienzoProduced byCarlo TuziiStarringValeria GolinoCinematographyMaurizio Dell'OrcoMusic byGiovanna MariniRelease date 1986 (1986) CountryItalyLanguageItalian Storia d'amore, internationally released as A Tale of Love and Love Story, is a 1986 Italian drama film directed by Francesco Maselli.[1] It entered the 43rd Venice International Film Festival, in which it won the Special Jury Prize …