Dollar Tree

Last updated

Dollar Tree, Inc.
Dollar Tree
Formerly
  • Only $1.00
  • Dollar Tree Stores, Inc.
Company type Public
Industry Retail, variety, discount
Predecessors
  • K&K 5&10 (1953–1986)
  • Only $1.00 (1986–1993)
Founded1953;71 years ago (1953)
April 17, 1986
Sumter, South Carolina, U.S.
Headquarters
Chesapeake, Virginia
,
U.S.
Number of locations
15,288 (February 2020)
Areas served
  • United States
  • Canada
Key people
Rick Dreiling [1] (CEO)
ProductsFood and snacks, health and beauty care products, housewares, books and toys
RevenueIncrease2.svg US$25.509 billion (Fiscal Year Ended January 30, 2021) [2]
Increase2.svg US$1.887 billion (Fiscal Year 2021) [2]
Increase2.svg US$1.341 billion (Fiscal Year 2021) [2]
Total assets Increase2.svg US$20.696 billion (Fiscal Year 2021) [2]
Total equity Increase2.svg US$7.285 billion (Fiscal Year 2021) [2]
Number of employees
65,894 (Full-time) (2024)
Divisions Dollar Tree Canada
Subsidiaries Family Dollar; 99 Cent Stores
Website dollartree.com
Footnotes /references
[3]
Dollar Tree stores in the U.S., as of December 2020 Dollar Tree footprint map 2020-12.png
Dollar Tree stores in the U.S., as of December 2020

Dollar Tree, Inc. is an American multi-price-point chain of discount variety 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. [3] 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.

Contents

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]

Dollar Tree, and dollar stores in general, have been alleged to create food deserts: areas with poor access to healthy and affordable food. Dollar Tree disputes this claim, and claims that it creates food options in areas that would otherwise be deserts.

History

Early years

In 1953, K. R. Perry [6] 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. [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]

The Perrys and Brock got the idea for the company from another retailer known as Everything's A Dollar, which went bankrupt in the 1990s. [9]

In 1996, Dollar Tree acquired Dollar Bill$, Inc., a Chicago-based chain of 136 stores.

In 1997, the company opened its first distribution center and its new store support center, both located in Chesapeake, Virginia.

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.

2000s

This Dollar Tree store in Northwood, Ohio is one of the few stores that continues to use the defunct Super Dollar Tree banner. Super Dollar Tree Northwood.JPG
This Dollar Tree store in Northwood, Ohio is one of the few stores that continues to use the defunct Super Dollar Tree banner.

In 2000, Dollar Tree acquired Dollar Express, a Philadelphia-based company, and also built a new distribution center in Stockton, California. [11] [12] In 2001, the company opened two additional distribution centers in Savannah, Georgia and Briar Creek, Pennsylvania. [13] [14] In 2003, Dollar Tree acquired Salt Lake City, Utah-based Greenbacks, Inc., and opened a new distribution center in Marietta, Oklahoma. [15] [16]

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.

2010s

Interior of a Dollar Tree in Gillette, Wyoming Dollar Tree interior in Gillette, Wyoming.jpg
Interior of a Dollar Tree in Gillette, Wyoming

In 2010, the corporation opened its 4,000th chain store and acquired 86 Canadian Dollar Giant stores which are based in Vancouver, British Columbia, Canada. The stores are operated in British Columbia, Alberta, Saskatchewan and Ontario. These are the first retail locations outside of the United States operated by Dollar Tree.

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.

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

Exterior of a store in Hillsboro, Oregon Dollar Tree at night - Hillsboro, Oregon.JPG
Exterior of a store in Hillsboro, Oregon

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 1,000 stores. [32]

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]

Allegations of creating food deserts

Dollar Tree, and dollar stores in general, have been alleged by a number of studies, individuals, and organizations to proliferate food deserts: areas with limited access to healthy and affordable food. [41] [42] [43] [44] Dollar Tree has disputed this claim; it claimed that in a number of cases it created food options in food deserts. [41] Dollar stores are alleged to outcompete local grocery stores, and end up being one of the few options available for purchasing food in some communities. [45] [43] In 2023, Dollar Tree reportedly stopped selling eggs when the price of eggs increased. [43] In line with these allegations, a number of states have passed restrictions on where new dollar stores can be opened. [45]

Canada

Dollar Tree Stores Canada, Inc.
FormerlyDollar Giant (2001–2010)
Company type Subsidiary
Industry Retail
Founded2001;23 years ago (2001), in Vancouver, British Columbia, Canada
FounderJoseph Calvano (co-founder)
Headquarters Burnaby, British Columbia, Canada
Number of locations
227
Area served
Canada
Key people
Neil Curran (president)
Revenue28,331,700,000 United States dollar (2022)  OOjs UI icon edit-ltr-progressive.svg
2,236,300,000 United States dollar (2022)  OOjs UI icon edit-ltr-progressive.svg
1,615,400,000 United States dollar (2022)  OOjs UI icon edit-ltr-progressive.svg
Parent Dollar Tree (2010–present)
Website www.dollartreecanada.com

On October 11, 2010, Dollar Tree announced its acquisition of Dollar Giant, incorporated in 2001 in Vancouver, Canada, for $52 million. [46] [47] At the time of the acquisition, Dollar Giant had about 85 retail outlets in the provinces of British Columbia, Alberta, Saskatchewan and Ontario. [48] 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, 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. [49]

Dollar Tree Canada's merchandising team is located in Mississauga, Ontario, while its corporate office remains in Burnaby in Greater Vancouver. [50]

Recalls

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, [51] and candle sets (recalled in February 2004) that could produce excessive flame. [52]

Related Research Articles

<span class="mw-page-title-main">Walmart</span> American multinational retail corporation operating department stores

Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores in the United States and 23 other countries. It is headquartered in Bentonville, Arkansas. The company was founded by brothers Sam and James "Bud" Walton in nearby Rogers, Arkansas in 1962 and incorporated under Delaware General Corporation Law on October 31, 1969. It also owns and operates Sam's Club retail warehouses.

Albertsons Companies, Inc. is an American grocery company founded and headquartered in Boise, Idaho.

Shoppers Drug Mart Inc. is a Canadian retail pharmacy chain based in Toronto, Ontario. It has more than 1,300 stores in ten provinces and two territories.

<span class="mw-page-title-main">Variety store</span> Retail store that sells inexpensive general merchandise

A variety store is a retail store that sells general merchandise, such as apparel, auto parts, dry goods, toys, hardware, furniture, and a selection of groceries. It usually sells them at discounted prices, sometimes at one or several fixed price points, such as one dollar, or historically, five and ten cents. Variety stores, as a category, are different from general merchandise superstores, hypermarkets, warehouse clubs, grocery stores, or department stores.

<span class="mw-page-title-main">Loblaw Companies</span> Canadian retail company

Loblaw Companies Limited is a Canadian retailer encompassing corporate and franchise supermarkets operating under 22 regional and market-segment banners, as well as pharmacies, banking and apparel. Loblaw operates a private label program that includes grocery and household items, clothing, baby products, pharmaceuticals, cellular phones, general merchandise and financial services. Loblaw is the largest Canadian food retailer, and its brands include President's Choice, No Name and Joe Fresh. It is controlled by George Weston Limited, a holding company controlled by the Weston family; Galen G. Weston is the chair of the Loblaw board of directors, as well as chair of the board of directors and CEO of Canada-based holding company George Weston.

Sobeys Inc. is a national supermarket chain in Canada with over 1,500 stores operating under a variety of banners. Headquartered in Stellarton, Nova Scotia, it operates stores in all ten provinces and accumulated sales of more than C$25.1 billion in the fiscal 2019 operating year. It is a wholly owned subsidiary of Empire Company Limited, a Canadian business conglomerate.

Dollarama Inc. is a Canadian dollar store retail chain headquartered in Mount Royal, Quebec. Since 2009, it has been Canada's biggest retailer of items for five dollars or less. Dollarama has over 1400 stores and is active in all of Canada; Ontario has the most stores.

<span class="mw-page-title-main">Circle K</span> American chain of convenience stores

Circle K Stores, Inc. is a North American chain of convenience stores headquartered in Tempe, Arizona, and owned by Alimentation Couche-Tard, Inc., based in Laval, Quebec. Founded in 1951 in El Paso, Texas, the company filed for bankruptcy protection in 1990 and went through several owners, before being acquired by Alimentation Couche-Tard in 2003. As of February 2020, Circle K has 9,799 stores in North America, 2,697 stores in Europe, and an additional 2,380 stores operating under franchise agreements worldwide.

<span class="mw-page-title-main">Kroger</span> American retail company

The Kroger Company, or simply Kroger, is an American retail company that operates supermarkets and multi-department stores throughout the United States.

<span class="mw-page-title-main">Dollar General</span> American discount store chain

Dollar General Corporation is an American chain of discount stores headquartered in Goodlettsville, Tennessee. As of January 8, 2024, Dollar General operated 19,643 stores in the contiguous United States and Mexico.

<span class="mw-page-title-main">Save A Lot</span> American retail and grocery company

Save A Lot Food Stores Ltd. is an American discount supermarket chain store headquartered in St. Ann, Missouri, in Greater St. Louis. It has about 900 independently owned and operated stores across 32 states in the United States with over $4 billion in annual sales.

<span class="mw-page-title-main">Whole Foods Market</span> American natural and organic foods supermarket chain and subsidiary of Amazon

Whole Foods Market, Inc., a subsidiary of Amazon, is an American multinational supermarket chain headquartered in Austin, Texas, which sells products free from hydrogenated fats and artificial colors, flavors, and preservatives. A USDA Certified Organic grocer in the United States, the chain is popularly known for its organic selections. As of March 4, 2019, Whole Foods has more than 500 stores in North America and seven in the United Kingdom.

Discount stores offer a retail format in which products are sold at prices that are in principle lower than an actual or supposed "full retail price". Discounters rely on bulk purchasing and efficient distribution to keep down costs.

<span class="mw-page-title-main">Family Dollar</span> American retailer

Family Dollar Stores, Inc. is an American variety store chain. With over 8,000 locations in all states except Alaska and Hawaii, it was the second largest retailer of its type in the United States until it was acquired by Dollar Tree in 2015 when its headquarters operations were moved from Matthews, a suburb of Charlotte, North Carolina, to Chesapeake, Virginia, located in South Hampton Roads.

Food City is an American supermarket chain with stores located in Alabama, Georgia, Kentucky, Tennessee, and Virginia. It is owned by K-VA-T Food Stores, Inc., a privately held family and employee-owned corporation headquartered in Abingdon, Virginia. K-VA-T Food Stores owns the Food City Distribution Center, a distribution center K-VA-T helped form in 1974 and acquired full control of in 1998, Misty Mountain Spring Water, LLC, a producer of bottled water, as well as limited-assortment grocery stores named Super Dollar Food Center, Food City Express and Gas'N Go convenience stores, and Food City Wine and Spirits liquor stores. Many of their supermarkets have their own fuel stations, with the Gas'N Go branding.

<span class="mw-page-title-main">Tops Friendly Markets</span> American supermarket chain based in the Buffalo, New York area

Tops Friendly Markets is an American supermarket chain based in Amherst, New York, that operates stores in Upstate New York, Vermont, and Northern Pennsylvania. The chain operates full-scale supermarkets. Tops is a subsidiary of Northeast Grocery, which also owns the Price Chopper and Market 32 supermarkets based in Schenectady, New York. As of June 2024, the company operated 148 stores and 59 gas station/convenience stores. The chain formerly operated stores in Ohio and Massachusetts.

<span class="mw-page-title-main">History of Walmart</span>

The history of Walmart, an American discount department store chain, began in 1950 when businessman Sam Walton purchased a store from Luther E. Harrison in Oklahoma City, Oklahoma, and opened Walton's 5 & 10. The Walmart chain proper was founded in 1962 with a single store in Rogers, Arkansas, expanding inside Oklahoma by 1968 and throughout the rest of the Southern United States by the 1980s, ultimately operating a store in every state of the United States, plus its first stores in Canada, by 1995. The expansion was largely fueled by new store construction, although the chains Mohr-Value and Kuhn's Big K were also acquired.

<span class="mw-page-title-main">Randalls</span> American supermarket chain in Texas owned by Albertsons Companies, Inc

Randalls is an American supermarket chain which operates 32 supermarkets in Texas under the Randalls and Flagship Randalls banners. The chain consists of 13 stores located around the Houston area and 15 stores located around the Austin area as of May 2020. Randalls today forms the nucleus of the current Houston division of Albertsons and is headquartered in the Westchase district of Houston. The office served as the headquarters of the independent Randalls company before its takeover and later the Texas division of Safeway. The Randalls distribution center was near Cypress, Texas, and now is serviced by the Tom Thumb distribution in Roanoke, Texas, in the Dallas–Fort Worth metroplex.

<span class="mw-page-title-main">Target Canada</span> Canadian discount department store chain

Target Canada Co. was the Canadian subsidiary of the Target Corporation, the eighth-largest retailer in the United States. Formerly headquartered in Mississauga, Ontario, the subsidiary formed with the acquisition of Zellers store leases from the Hudson's Bay Company (HBC) in January 2011. Target Canada opened its first store in March 2013, and by January 2015 was operating 133 locations throughout Canada. Its main competition included Walmart Canada, Loblaws, Shoppers Drug Mart, and Canadian Tire.

Safeway is a Canadian supermarket chain that operates 135 full-service locations, mostly in the country's Western provinces. It was established in 1929 as a subsidiary of the American Safeway chain before being sold in 2013 to Sobeys, a division of the conglomerate Empire Company and Canada's second-largest supermarket chain. Though independent from the American company, it continues to use the Safeway name and logo as of May 2023.

References

  1. ↑ "Dollar Tree CEO resigning; former Dollar General CEO to replace him". January 24, 2023. Archived from the original on March 24, 2023. Retrieved March 24, 2023.
  2. 1 2 3 4 5 "Dollar Tree, Inc. 2021 Annual Report". www.dollartreeinfo.com. January 30, 2021. Archived from the original on November 24, 2021. Retrieved November 25, 2021.
  3. 1 2 "Dollar Tree, Inc. 2017 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. March 2018. Archived from the original on January 24, 2021. Retrieved April 5, 2018.
  4. ↑ "Dollar Tree Locations". Archived from the original on January 16, 2021. Retrieved December 25, 2020.
  5. ↑ Shapiro, Carolyn (August 22, 2012). "Dollar Tree plans to start accepting coupons Sunday". pilotonline.com. Archived from the original on July 10, 2021. Retrieved November 25, 2021.
  6. 1 2 3 4 5 "Dollar Tree, Inc.: History". Dollartree.com. Archived from the original on April 2, 2014. Retrieved April 15, 2014.
  7. ↑ "The Item 30 Apr 1989, page 44" . Retrieved August 1, 2022.
  8. ↑ "Sun-News 21 May 1989, page 59" . Retrieved August 1, 2022.
  9. ↑ Hagerty, James R. (December 22, 2017). "Macon Brock, Dollar Tree Founder, Searched the World for Bargains". The Wall Street Journal. Archived from the original on October 8, 2019. Retrieved October 8, 2019.
  10. ↑ Ment, Jonathan (February 28, 2002). "Dollar Tree to open Ulster Avenue branch soon". Daily Freeman. Archived from the original on June 14, 2020. Retrieved May 13, 2020.
  11. ↑ "Dollar Tree Stores, Inc. Completes Acquisition of Dollar Express, Inc" (Press release). Archived from the original on November 25, 2021. Retrieved November 25, 2021.
  12. ↑ "Dollar Tree Distribution Center". www.dollartree.com. Archived from the original on November 25, 2021. Retrieved November 25, 2021.
  13. ↑ "Shipments soaring in Savannah". American City Business Journals . Archived from the original on February 9, 2004. Retrieved November 25, 2021.
  14. ↑ "Commission File No.0-25464 Dollar Tree Stores, Inc" (PDF). U.S. Securities and Exchange Commission . p. 8. Archived (PDF) from the original on November 25, 2021. Retrieved November 25, 2021.
  15. ↑ "Dollar Tree Signs Binding Agreement to Acquire Greenbacks" (Press release). Archived from the original on November 25, 2021. Retrieved November 25, 2021.
  16. ↑ "Dollar Tree Distribution Center". www.dollartree.com. Archived from the original on November 25, 2021. Retrieved November 25, 2021.
  17. ↑ "Dollar Tree Distribution Center". www.dollartree.com. Archived from the original on November 25, 2021. Retrieved November 25, 2021.
  18. ↑ "Dollar Tree Distribution Center". www.dollartree.com. Archived from the original on November 25, 2021. Retrieved November 25, 2021.
  19. ↑ "Dollar Tree Completes Acquisition of Deal$ Stores" (Press release). Archived from the original on November 25, 2021. Retrieved November 25, 2021.
  20. ↑ "Dollar Tree Case Study". dokumen.tips. Archived from the original on November 25, 2021. Retrieved November 25, 2021.
  21. ↑ "Dollar Tree Distribution Center". www.dollartree.com. Archived from the original on November 25, 2021. Retrieved November 25, 2021.
  22. ↑ "Race to buy Family Dollar heats up with Dollar General hiking bid to $8.95 bn". Business Sun. August 18, 2014. Archived from the original on August 21, 2014. Retrieved August 19, 2014.
  23. 1 2 "Family Dollar rejects $9.7 bn acquisition bid by Dollar General". Charlotte News.Net. August 21, 2014. Archived from the original on March 6, 2016. Retrieved August 22, 2014.
  24. ↑ "Dollar Tree expects to shed less than 300 stores to buy Family Dollar". Reuters. January 12, 2015. Archived from the original on January 24, 2015. Retrieved July 1, 2017.
  25. ↑ "Dollar Tree to sell 330 Family Dollar stores to Sycamore Partners, Reuters, 29 May 2015". Reuters. May 29, 2015. Archived from the original on March 3, 2016. Retrieved August 17, 2019.
  26. ↑ "Dollar Tree". Fortune. Archived from the original on June 3, 2019. Retrieved November 18, 2018.
  27. ↑ Bursztynsky, Jessica (March 6, 2019). "Dollar Tree to close up to 390 Family Dollar stores this year". CNBC . Archived from the original on March 11, 2019. Retrieved March 11, 2019.
  28. ↑ Pierceall, Kimberly (March 3, 2021). "Dollar Tree launches new store concept, announces $25.5 billion in sales last year". pilotonline.com. Archived from the original on March 4, 2021. Retrieved November 25, 2021.
  29. ↑ Pierceall, Kimberly (March 3, 2021). "Dollar Tree launches new store concept, announces $25.5 billion in sales last year". The Virginia Pilot. Retrieved March 4, 2021.
  30. ↑ Nassauer, Sarah (September 29, 2021). "Dollar Tree to Sell More Items Above $1 as Costs Rise". Wall Street Journal . Archived from the original on September 29, 2021. Retrieved September 29, 2021.
  31. ↑ "What's in a name? Discount store Dollar Tree raises prices to $1.25". The Guardian. November 24, 2021.
  32. ↑ "Dollar Tree to Close About 1,000 Stores, Books Over $2 Billion in Charges". WSJ. March 13, 2024. Archived from the original on June 11, 2024. Retrieved March 13, 2024.
  33. 1 2 Hitt, Jack (August 18, 2011). "The Dollar-Store Economy". The New York Times. Archived from the original on January 27, 2017. Retrieved November 26, 2016.
  34. ↑ "Dollar Tree, Inc.: Frequently Asked Questions". Dollar Tree. Archived from the original on March 24, 2009. Retrieved May 17, 2015.
  35. ↑ "Dollar Tree to buy Family Dollar to stave off competition". Reuters. July 28, 2014. Archived from the original on July 28, 2014. Retrieved May 17, 2015.
  36. ↑ "Charlotte region loses corporate headquarters in Family Dollar buyout". charlotteobserver. Archived from the original on March 5, 2016. Retrieved August 17, 2019.
  37. ↑ Paul Ziobro and Shelly Banjo (July 28, 2014). "Battle for Poor Shoppers Fuels Dollar-Store Deal". WSJ. Archived from the original on September 7, 2023. Retrieved May 17, 2015.
  38. ↑ "fdosch13d060614.htm". sec.gov. Archived from the original on September 7, 2023. Retrieved May 17, 2015.
  39. ↑ "fdosch13damd10619ex1.htm". sec.gov. Archived from the original on September 7, 2023. Retrieved May 17, 2015.
  40. ↑ Davidson, Paul; Shell, Adam. "Dollar General offers $9.7B for Family Dollar". The USA Today. Archived from the original on September 7, 2023. Retrieved August 18, 2014.
  41. 1 2 Corkery, Michael (March 1, 2023). "As Dollar Stores Proliferate, Some Communities Say No". The New York Times. ISSN   0362-4331 . Retrieved July 25, 2024.
  42. ↑ Brown, Wesley (April 20, 2022). "As Dollar Stores Proliferate Food Deserts, Some Communities Push Back". Eater. Retrieved July 25, 2024.
  43. 1 2 3 Campbell, Chris (April 26, 2023). "Dollar Stores Are Becoming Problem for Grocers". The Food Institute. Retrieved July 25, 2024.
  44. ↑ "North Texas dollar stores are adding produce. Is it really a win for food deserts?". KERA News. December 20, 2023. Retrieved July 25, 2024.
  45. 1 2 "Dollar Stores and food deserts: The latest struggle between Main Street and corporate America - CBS News". www.cbsnews.com. December 8, 2019. Retrieved July 25, 2024.
  46. ↑ "Dollar Tree Announces Definitive Agreement to Acquire Canadian Dollar Giant Stores" (Press release). Business Wire. October 11, 2010. Archived from the original on September 25, 2012. Retrieved October 3, 2012.
  47. ↑ "Dollar Tree to buy Dollar Giant stores for $52M". Bloomberg Businessweek . Bloomberg L.P. October 11, 2010. Archived from the original on March 12, 2016. Retrieved October 3, 2012.
  48. ↑ "Dollar Giant is now Dollar Tree Canada! - Dollar Tree Canada". dollartreecanada.com. Archived from the original on June 16, 2015. Retrieved May 17, 2015.
  49. ↑ "Home". Dollar Tree Canada. Archived from the original on December 14, 2019. Retrieved January 9, 2020.
  50. ↑ "Contact Us". Archived from the original on June 14, 2020. Retrieved January 9, 2020.
  51. ↑ Hot glue gun recall Archived September 17, 2008, at the Wayback Machine , cpsc.gov
  52. ↑ Candle set recall Archived September 20, 2008, at the Wayback Machine , cpsc.gov
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.