Dollar Tree, formerly Only $1.00, is a bargain variety shop chain in the United States that offers things for $1 or less. It is a Fortune 500 corporation with headquarters in Chesapeake, Virginia, that manages 15,115 stores across the 48 contiguous United States and Canada. A nationwide logistics network of twenty-four distribution facilities supports its outlets. The business runs on a one-dollar basis.
In Norfolk, Virginia, K. R. Perry built a Ben Franklin variety store, which later became known as K&K 5&10K&K Toys was founded in 1970 by K. R. Perry, Doug Perry, and Macon Brock in Norfolk, Virginia. On the East Coast, this mall concept evolved to over 130 stores. Doug Perry, Macon Brock, and Ray Compton opened a new chain business called Only $1.00 in 1986, with five locations.
Dollar Tree Company Profile
- Company Full Name: Dollar Tree
- Company Type: Public
- Founder Name: Macon F. Brock, Jr.
- Headquarters: Chesapeake, Virginia
Key People: Mike waterski
- Parent Company: NA
- Subsidiaries Of Dollar Tree: NA
- Working Industry: Retail, variety of Discount
Only $1.00 was renamed Dollar Tree Stores in 1993 to address the possibility of a multi-price-point approach in the future, and a portion of the company’s shares was sold to SKM Partners, a private equity group. Brock and the other Dollar Tree co-founders got the idea for the company from a failed business called Everything’s A Dollar in the 1990s.
Dollar Tree bought Philadelphia-based Dollar Express in 2000 and developed a new distribution center in Stockton, California. Two new distribution hubs were opened in Savannah, Georgia, and Briar Creek, Pennsylvania, in 2001. Dollar Tree purchased Greenbacks, Inc. of Salt Lake City, Utah, in 2003 and constructed a new distribution center in Marietta, Oklahoma. Dollar T was born on March 6, 1995.
In 2010, the company bought 86 Canadian Dollar Giant stores centered in Vancouver, British Columbia, and established its 4,000th chain location. British Columbia, Alberta, Saskatchewan, and Ontario are the states where the stores are located. Dollar Tree has opened its first retail stores outside of the United States. Dollar Tree made $6.63 billion in sales in 2011 and launched 278 new stores.
Dollar Tree started on July 28, 2014, that an agreement had been reached and approved by both sides to purchase Family Dollar for $8.5 billion, including the acquisition of Family Dollar’s $1 billion in debt. The agreement was reached earlier this month, following the intervention of an activist investor and a big shareholder. Carl Icahn demands that Family Dollar be placed up for sale as soon as possible. Following their report,
In Norfolk, Virginia, K. R. Perry built a Ben Franklin variety store, which later became known as K&K 5&10.K&K Toys was founded in 1970 by K. R. Perry, Doug Perry, and Macon Brock in Norfolk, Virginia. On the East Coast, this mall concept evolved to over 130 stores. Doug Perry, Macon Brock, and Ray Compton opened a new chain business called Only $1.00 in 1986, with five locations.
|Dollar Tree Customer Care Number||1-(757) 321-5000|
|Dollar Tree Customer Support Email||NA|
|Dollar Tree Office Address||500 Volvo Pkwy Chesapeake, Virginia 23320 United States|
|Dollar Tree Office Contact Number||1-(757) 321-5000|
Dollar Tree Corporate Office Contact Details
Dollar Tree Corporate Office is located at 500 Volvo Pkwy Chesapeake, Virginia 23320 United States. There are phone numbers of the branch and fax numbers available here. You can check out them below.
- Dollar Tree Corporate Office Address: 500 Volvo Pkwy Chesapeake, Virginia 23320 United States
- Dollar Tree Corporate Office Phone Number: 1-(757) 321-5000
- Dollar Tree Corporate Office Fax Number: (757) 321-5292
- Dollar Tree Corporate Office Email ID: NA