Dollar Tree, Inc is an American multi-price-point chain of discount variety stores.
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18 Facts About Dollar Tree
2.
Dollar Tree competes in the dollar store and low-end retail markets.
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3.
Departments found in a Dollar Tree store include health and beauty, food and snacks, party, seasonal decor, housewares, glassware, dinnerware, household cleaning supplies, candy, toys, gifts, gift bags and wrap, stationery, craft supplies, teaching supplies, automotive, electronics, pet supplies, and books.
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4.
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.
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5.
In 1996, Dollar Tree acquired Dollar Bill$, Inc, a Chicago-based chain of 136 stores.
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6.
In 2000, Dollar Tree acquired Dollar Express, a Philadelphia-based company, and built a new distribution center in Stockton, California.
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7.
In 2003, Dollar Tree acquired Salt Lake City, Utah-based Greenbacks, Inc, and opened a new distribution center in Marietta, Oklahoma.
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8.
In 2004, Dollar Tree opened its first store in North Dakota which marked its operation of stores in all 48 contiguous states.
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9.
Dollar Tree opened new distribution centers in Joliet, Illinois, and Ridgefield, Washington.
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10.
In 2007, Dollar Tree expanded its Briar Creek Distribution Center and crossed the $4 billion sales threshold.
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11.
In 2009, Dollar Tree redesigned its website with a new e-commerce platform.
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12.
Dollar Tree added customer ratings and reviews, and customer stories to the site.
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13.
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.
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14.
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.
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15.
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.
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16.
The Family Dollar Tree board had been analyzing potential antitrust issues that could arise from doing a deal with Dollar Tree General, since the start of the year a statement from CEO Howard Levine outlined.
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17.
At the time of the acquisition, Dollar Tree Giant had about 85 retail outlets in the provinces of British Columbia, Alberta, Saskatchewan and Ontario.
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