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Headquarters:
500 Volvo Parkway
Chesapeake, VA 23320
Employees: 15,000+
CEO: Bob Sasser
Stock Symbol: DLTR
Website:
http://www.dollartree.com
Career Site
Dollar Tree is the nation's largest discount variety store chain selling everything for $1 or less. The company operated 4,351 stores in 48 states and five Canadian provinces.
Stores carry a broad mix of merchandise that includes many trusted national and regional brands. 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!
For 2011, the company reported record sales of $6.63 billion, a 12.7% increase, and net income of $488.3 million. Sales have increased every year since the company went public in 1995.
During the fourth quarter, Dollar Tree opened 21 stores, expanded or relocated 3 stores, and closed 5 stores.
The company has nine distribution centers.
History
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.
1986 - The first Dollar Tree store opened in Dalton, GA. There were five stores open by year end.
1991 - The founders turned their full attention to the growth of the dollar store concept after selling K&K Toys to KB Toys.
1995 - Dollar Tree Stores became a public company on Nasdaq.
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.
1999 - Following the 1998 acquisition of the 98-Cent Clearance Centers in California, the company merged with Only $One stores, based in New York state.
2000 - 2001 - Dollar Tree acquired Dollar Express, Inc., with 136 stores in six Mid-Atlantic states. Distribution centers were opened in Stockton, CA, Savannah, GA, and Briar Creek, PA.
2002 - Topped $2 billion in sales.
2003 - Acquired Greenbacks, Inc., a $1.00 price point retail chain based in Salt Lake City, UT. Opened a new distribution center in Marietta, OK.
2004 - With the opening of the first store in North Dakota, Dollar Tree operates stores in all 48 contiguous states.
Opened two new Distribution Centers: Joliet, Illinois and Ridgefield, Washington. The Joliet DC houses 1.2 million square feet. Installation of point-of-sale scanning technology was completed in all stores. Exceeded $3 billion in sales.
2005 - Introduced a new Metropolitan Store initiative, starting with store openings on Long Island. Expanded installation of freezers and coolers, increased automated store replenishment and widened acceptance of debit and credit cards to provide greater shopping satisfaction to customers.
2006 - Dollar Tree purchased 138 Deal$ stores. Deal$ stores deliver extreme value through variety merchandise sold principally for $1.00.
Benefits
Dollar Tree offers a full range of benefits to associates. Benefits include:
* Medical plan
* Dental plan
* Vision plan
* Prescription drug plan
* Long term disability coverage
* Company paid life insurance
* Voluntary life insurance
* Health and dependent care reimbursement accounts
Financial Future
Dollar Tree recognizes that planning for retirement is very important with its 401(k) plan. The company will match 100% on the first 4% of employee's contribution, which is vested immediately upon eligibility.
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
* Basic/preventive dental services
* Prescription drug plan coverage
* Life insurance
* Health and dependent care reimbursement accounts
Updated February 26, 2012
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