Family Dollar is an American retail, variety discount store chain, with over 8,000 locations in all states except Alaska and Hawaii. The chain operates general merchandise retail discount stores providing consumers with a selection of competitively-priced merchandise in convenient neighborhood stores. Founded in 1959, in North Carolina, Family Dollar went public in 1970. In 2001, they joined the S&P 500 stock market index and in 2002, the Fortune 500 list of largest publicly held companies. In 2015, Family Dollar was acquired by Dollar Tree.
Dollar Tree (NASDAQ: DLTR) ranked 137 on the Fortune 500 list, is a leading operator of discount variety stores. They operate more than 16,000 stores across the 48 contiguous states and five Canadian provinces, under the brands Dollar Tree and Family Dollar. Dollar Tree has a current market cap of $29.58B. The company has an investment grade credit rating of BBB, and revenue for 2022 was $26.31B. 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.