Dollar Tree (NASDAQ: DLTR) is the leading operator of discount variety stores offering merchandise predominantly at the fixed price of $1.25. Founded in 1953, by K.R. Perry, the chain originated...
Dollar Tree (NASDAQ: DLTR) is the leading operator of discount variety stores offering merchandise predominantly at the fixed price of $1.25. Founded in 1953, by K.R. Perry, the chain originated as a Ben Franklin variety store in Norfolk, Virginia, known as K&K 5&10. The first “Dollar Tree”-branded store opened on April 27, 1989 in Sumter, South Carolina. On July 28, 2014, Dollar Tree announced that it would buy Family Dollar for $8.5B. As of February, they operate more than 16,700 stores across the 48 contiguous states and five Canadian provinces, under the brands Dollar Tree and Family Dollar. Dollar Tree had a 2023 market cap of $30.94B. The company has an investment grade credit rating of BBB, and revenue for 2023 was $29.68B. Dollar Tree is headquartered in Chesapeake, VA.
Combo stores bring the best of Dollar Tree (seasonal, party, crafting) and Family Dollar (savings on family essentials) together under one convenient roof. The new store concept was initially rolled out in small, rural towns across the country that had limited retail operations. Due to its success, the concept is expanding past just small towns. The company ended 2023 with approximately 1,200 Combo stores opened with plans to continue growing over the coming years.