Dollar Tree is the nation's leading discount chain. The company operated 13,851 stores across 48 states and five Canadian provinces as of January 30, 2016. Stores operate under the brands of Dollar Tree, Family Dollar, Dollar Tree Canada, and Deals.
Dollar Tree stores carry a broad mix of merchandise that includes many trusted national and regional brands all for only one dollar. Some of the product departments you'll find at Dollar Tree include housewares, glassware, dinnerware, cleaning supplies, candy, snacks, food, health and beauty, toys, gifts, gift bags and wrap, party supplies, stationery, craft supplies, teaching supplies, books, seasonal décor, and more!
The company acquired Family Dollar in 2015 for about $9.1 billion and was forced to sell 330 Family Dollar stores by the Federal Trade Commission to allow the merger.
Family Dollar has over 7,000 stores and sells discounted items at a variety of prices.
For 2015, Dollar Tree reported net sales of $15.5 billion, up 80.2% from $8.6 billion the previous year due to the merger with Family Dollar, and net income of $282.4 million.
CEO Bob Sasser said, "2015 was a very successful year for Dollar Tree. I would like to thank all of our associates for their commitment and hard work throughout the year. We continued to serve our loyal customer base by providing terrific values every day; we successfully completed the acquisition of Family Dollar; we initiated, and remain on schedule with, the integration of our companies; and we are on track to achieve our stated synergy targets. Looking ahead, we are committed to growing and improving our Dollar Tree and Family Dollar businesses to better serve more customers, while delivering long-term value to our shareholders."
During the fourth quarter, the Company opened 128 stores, expanded or relocated 53 stores, closed 28 stores and divested of 325 Family Dollar stores. Additionally, as part of its re-banner initiative, the Company opened 58 former Family Dollar store locations as new Dollar Tree stores during the quarter. The Company also converted 52 Deals stores to Dollar Tree stores in January. Retail selling square footage at the end of the quarter was approximately 108.4 million square feet.
1953 - K. R. Perry opened a Ben Franklin variety store in downtown Norfolk, Virginia, which later became K&K 5&10. Through the 1970s and 1980s, K&K 5&10 evolved and grew to a multi-state chain of toy stores, with the assistance of Dollar Tree's founders Doug Perry, Macon Brock and Ray Compton.
1996 - Dollar Bills, Inc., a Chicago-based chain of 136 stores was acquired. The company began building new Store Support and Distribution Center in Chesapeake, VA, which opened in 1997.
Dollar Tree offers a full range of benefits to associates. Benefits include:
* Medical plan
In addition, Dollar Tree likes to reward its associates for doing a job well done by offering an employee stock purchase plan and a company funded profit sharing plan to its eligible associates.
Benefits For Part-time Associates
* Medical coverage
Updated March 2, 2016