How many Dollar General distribution centers are there in the US?
28 Distribution Centers, strategically located.
Where does Dollar Tree get its supplies from?
Once seen as dumping grounds for liquidated and off-brand merchandise, today's dollar stores often buy their inventory from major manufacturers such as Procter & Gamble, Hanes, Unilever, Coca-Cola, Energizer, Crayola and General Mills.
How many locations does Dollar Tree have?
Today, we are one company with over 16,000 stores and 200,000 associates, operating in all 48 contiguous states and five Canadian provinces.
Is Dollar Tree owned by Walmart?
Dollar Tree is an independent public limited company. It is publicly traded at NASDAQ under the name DLTR which means Dollar Tree is not owned by a single person but a group of shareholders. Since July 2020, the company's CEO is Michael A.
Is Dollar Tree struggling?
Dollar Tree has struggled since its purchase of Family Dollar in 2015 for $8.5 billion. Its stock price, sales and profit growth, and store openings have lagged behind Dollar General and other discount chains. The company is on its third CEO since 2015.
Where is the biggest Dollar Tree located in the United States?
Today I take you around the World's Largest Dollar Tree located in Burlington, North Carolina.
What state has the most dollar trees?
The state with the most number of Dollar Tree locations in the US is Texas, with 662 locations, which is 8% of all Dollar Tree locations in America.
Who is Dollar Tree owned by?
Macon Brock, Doug Perry, and K.R. Perry started K&K Toys in Norfolk, Virginia. This mall concept toy store grew to over 130 stores on the East coast. The K&K 5&10 store continued to exist and served as the foundation for what would become Dollar Tree.
Who bought Dollar Tree?
Carl IcahnOn July 28, 2014, Dollar Tree announced that it would buy Family Dollar for $8.5 billion. The sale delivered a windfall to the company's biggest shareholder Carl Icahn, who acquired his 9.4 percent stake in June 2014....Family Dollar.Family Dollar store in Valdosta, GeorgiaParentDollar Tree (2015–present)WebsiteFamilyDollar.com13 more rows
Is Dollar Tree owned by China?
Dollar Tree is an American multi-price-point chain of discount variety stores. Headquartered in Chesapeake, Virginia, it is a Fortune 500 company and operates 15,115 stores throughout the 48 contiguous U.S. states and Canada.
Does Dollar Tree own any other companies?
It operates stores under the names Dollar Tree, Deal$, Dollar Tree Deal$, Dollar Giant and Dollar Bills.
How does Dollar Tree make money?
By keeping stores small and employees at a minimum, dollar stores are able to convert a larger portion of sales into profit. According to 2012 figures, Dollar Tree captured 35 cents of profit for each dollar of revenue compared to 24.1 cents per dollar at Walmart. For third quarter 2021, figures remained comparable.
Is Dollar Tree owned by China?
Dollar Tree is an American multi-price-point chain of discount variety stores. Headquartered in Chesapeake, Virginia, it is a Fortune 500 company and operates 15,115 stores throughout the 48 contiguous U.S. states and Canada.
Where does Dollar Tree get their books?
I reached out to Dollar Tree and discovered that the majority of novels they sell are called “remainders,” the books in stock at the publisher's warehouse that have not been requested for resale at typical bookstores, like Barnes and Noble, because of a lack of sales, a new edition reprint, or simply because of ...
Is everything at Dollar Tree really a dollar?
That's right—despite the name, not all dollar stores sell every item in the store for just a dollar or less. Dollar Tree is an actual dollar store (for the most part). The company recently announced it will sell items in certain locations for more than its typical $1 price.
Does Dollar Tree have its own brand?
Dollar Tree sells its own private-label brands The main way Dollar Tree attracts more customers is with all its affordable items. Of course, a lot of these items are from name brands, but there's a significant amount of stuff that's actually from Dollar Tree's private label.
How many Dollar Tree stores will be open in 2020?
In May, Dollar Tree said it expects to open 500 new stores in fiscal 2020 (325 Dollar Tree stores and 175 Family Dollar stores).
Does Dollar Tree have a distribution center?
Dollar Tree keeps expanding its distribution center network to serve its growing store fleet.
How many Dollar Tree stores will close in 2019?
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.
How many stores did Dollar Tree open in 2011?
In 2011, Dollar Tree achieved total sales of $6.63 billion, opened 278 new stores, and completed a 400,000 square-foot expansion of its distribution center in Savannah, Georgia.
What is the dollar tree?
Map of Dollar Tree stores in USA, as of December 2020. Dollar Tree, formerly known as Only $1.00, is an American chain of discount variety stores that sells items for $1 or less.
How much did Dollar Tree buy Family Dollar?
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.
What products are recalled at Dollar Tree?
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, and candle sets (recalled in February 2004) which could produce excessive flame.
When did Dollar Tree acquire $One?
In 1999, Dollar Tree acquired Only $One stores based in New York state. That same year, the company opened its second distribution center in Olive Branch, Mississippi .
When did Dollar Tree go public?
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.
What is an A rated stock?
A-RATED STOCKS are those stocks the Big Data multi-factor models score as most probable to rise in price. These stocks are the best “BUYS” for investors.
Why did Dollar Tree raise prices?
Behind Dollar Tree’s decision to raise prices on select items above the $1.00 mark are the rising cost of goods and customer demand for a wider selection of products.
How long has Witynski been with discount retailer?
Witynski has been with the discount retailer for ten years in senior positions, ensuring a smooth handover in the midst of the coronavirus pandemic.
What is Q factor score?
The Q-Factor Score represents an expectation for how a stock will perform in a given month.
Where is Family Dollar located?
The company. was founded by J. Douglas Perry and Macon F. Brock, Jr. in 1986 and is headquartered in Chesapeake, VA.
Does Dollar Tree have a family dollar?
Dollar Tree, Inc. owns and operates discount variety stores offering merchandise at the fixed prices. It operates through Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, 13 distribution centers in the United States and two in Canada. The Family Dollar segment comprises a chain of general merchandise retail discount stores providing consumers with a selection of competitively-priced merchandise in convenient neighborhood stores. The company
Which stores are requiring face coverings?
The reversal stands in contrast to other major retailers, including Walmart and Target, that are requiring customers to wear face coverings.
What does Dollar General stand for?
Dollar General stands for convenience, quality brands and low prices. Dollar General's successful prototype makes shopping a truly hassle-free experience. We design small neighborhood stores with carefully edited merchandise assortments to make shopping simpler. We don't carry every brand and size, just the most popular ones.Dollar General saves you time by staying focused on life's essentials. The average Dollar General customer completes their shopping trip in less than 10 minutes.
How long does it take to shop at Dollar General?
The average Dollar General customer completes their shopping trip in less than 10 minutes. For people entering the workforce for the first time, Dollar General stores provide an ideal foundation of basic work skills along with competitive wages and benefits.
How many people can't read?
Literacy is the foundation for improving the quality of life for many Americans. Nationwide, more than 40 million adults can't read well enough to fill out a job application or read a book to their children. Inspired by one of the company's founders, who had only a third-grade education, Dollar General today helps thousands of individuals take their first steps toward literacy, a general education diploma or English proficiency. Learn more about the Dollar General Literacy Foundation at www.dgliteracy.org.
Overview
Dollar Tree is an American multi-price-point chain of discount variety stores. Headquartered in Chesapeake, Virginia, it is a Fortune 500 company and operates 15,115 stores throughout the 48 contiguous U.S. states and Canada. 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 w…
History
In 1953, 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 …
Business strategy
Dollar Tree is classified as an extreme discount store. 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". Its prices are primarily designed to attract financially disadvantaged customers, but it has also become popular within immigrant communities.
Canada
Dollar Tree stores in Canada sell items for C$1.50 or less. On October 11, 2010, Dollar Tree announced its acquisition of Dollar Giant, originally incorporated in 2001 in Vancouver, Canada, for $52 million. At the time of the acquisition, Dollar Giant had about 85 retail outlets in the provinces of British Columbia, Alberta, Saskatchewan and Ontario. Approximately 30 of its retail locations are in British Columbia, making it the second largest dollar store chain in that province. It was Cana…
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, and candle sets (recalled in February 2004) which could produce excessive flame.
External links
• Official website
• Business data for Dollar Tree: