Dollar Tree, Inc.
is an American
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
chain of discount variety stores that sells every item for $1.00 or less. A Fortune 500
The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks the top 500 U.S. closely held and public corporations as ranked by their gross revenue after adjustments made by Fortune to exclude the impact of excise taxes companies collect. The list includes publicly and...
company, Dollar Tree is headquartered in Chesapeake, Virginia
As of the census of 2000, there were 199,184 people, 69,900 households, and 54,172 families residing in the city. The population density was 584.6 people per square mile . There were 72,672 housing units at an average density of 213.3 per square mile...
and operates 4,010 stores throughout the 48 contiguous U.S. states. Its stores are supported by a nationwide logistics network of nine distribution centers. The company operates one dollar stores under the names of Dollar Tree and Dollar Bills. The company also operates a multiprice-point variety chain under the name Deal$ (http://www.deals-stores.com/).
Dollar Tree competes in the dollar store
A variety store or price-point retailer is a retail store that sells inexpensive items, often with a single price for all items in the 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 and books. Some 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 2009, Dollar Tree redisigned their 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 recently added customer ratings and reviews to the site.
In 1953, K.R. Perry opened a Ben Franklin
variety store in Norfolk, VA. The store later became known as K&K 5&10. In 1986, Only $1.00 opened its first five stores. In 1991, the company decided to focus exclusively on the growth of the dollar store concept after selling K&K stores to KB Toys
K·B Toys was a chain of mall-based retail toy stores in the United States. It was founded in 1922 by the Kaufman brothers. K·B operated 605 stores in 44 U.S. states, Puerto Rico as well as Guam. It was privately held in Pittsfield, Massachusetts...
, a Melville Corp. The company came to be known as Dollar Tree Stores, Inc in 1993. (today known as Dollar Tree, Inc.) and became a public company in 1995, trading its stock on NASDAQ.
In 1996, Dollar Tree acquired Dollar Bill$, Inc.
, a Chicago-based chain. 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 98-Cent Clearance Centers
in California and Only $One
stores based in New York state. This same year, the company opened its second Distribution Center in Olive Branch, Mississippi.
In 2000, Dollar Tree acquired Dollar Express
, a Philadelphia-based company, and also built a new distribution center in Stockton, California. In 2001, the company opened two additional distribution centers in Savannah, Georgia, and Briar Creek, Pennsylvania. In 2003, Dollar Tree acquired Salt Lake City, Utah
Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake or SLC. With a population of 186,440 as of the 2010 Census, the city lies in the Salt Lake City metropolitan area, which has a total population of 1,124,197...
-based Greenbacks, Inc.
, and opened a new distribution center in Marietta, Oklahoma.
In 2004, Dollar Tree opened its first store in North Dakota which marked its operation of stores in all 48 contiguous states. The company also opened two new distribution centers in Joliet, Illinois
Joliet is a city in Will and Kendall Counties in the U.S. state of Illinois, located southwest of Chicago. It is the county seat of Will County. As of the 2010 census, the city was the fourth-most populated in Illinois, with a population of 147,433. It continues to be Illinois' fastest growing...
, and Ridgefield, Washington
Ridgefield is a city in the pastoral, rolling-hills countryside of northern Clark County, Washington, United States. The population was 4,763 at the 2010 census....
. In 2006, Dollar Tree marked its 20th anniversary, opened its 3,000th store, and purchased DEAL$
stores (previously owned by Save-A-Lot
Save-a-Lot is a discount supermarket chain headquartered in Earth City, Missouri, near St. Louis, United States. The subsidiary of Supervalu comprises approximately 1,250 stores in the United States with over $4 billion in annual sales....
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.
In November 2010 Dollar Tree announced it acquired 86 Canadian Dollar Giant Stores based in Vancouver, British Columbia. The stores are operated in British Columbia, Ontario, Alberta and Saskatchewan. These are the first retail locations outside of the United States operated by Dollar Tree.
The Consumer Product Safety Commission
The United States Consumer Product Safety Commission is an independent agency of the United States government created in 1972 through the Consumer Product Safety Act to protect "against unreasonable risks of injuries associated with consumer products." The CPSC is an independent agency that does...
lists several recalls for products sold at Dollar Tree stores. The recalled products include 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.