American discount retail giant: Dollar Tree (DLTR)

Dollar Tree, Inc. (NASDAQ: DLTR), founded in 1991, headquartered in Chesapeake, Virginia, USA, with 60217 full-time employees, is a company operating discount retail stores in the United States and Canada, and one of the top three discount retailers in the United States.

The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/dltr.html

Dollar Tree (DLTR)

Dollar Tree Stores, Inc., formerly known as "Only $1.00", is a chain store operating discount grocery in the United States. The price of goods sold in its stores is more than $1, or even lower. Dollar Tree is a Fortune 150 company. Its headquarter is located in Chesapeake, Virginia, United States, with 15288 stores in 49 states of the United States and Canada. The chain stores under Dollar Tree are distributed by a national logistics network with 11 distribution centers. Dollar Tree Company operates a dollar store under the two brands of "Dollar Tree" and "Dollar Note"; At the same time, it also owns a cheap chain grocery store with multiple prices called "Jiaduole". The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/dltr.html

Dollar Tree is quite competitive in the low-cost grocery store industry and low-end retail market in North America. Each dollar tree store has a variety of brands of goods, including national brands, regional brands and private brands. The sales categories in the dollar tree store include: health and beauty food Snacks, party supplies, seasonal clothing, household goods, glassware, tableware, household cleaning supplies, candy, gifts, toys, gift bags and packaging, stationery, craft products automobile , electronic products, pet products and books, etc. At the same time, most dollar tree stores also sell quick-frozen food and dairy products, such as milk, eggs, pizza, ice cream, quick-frozen dinner and prefabricated baked goods. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/dltr.html

Dollar Tree, Inc. is divided into two departments to operate: Dollar Tree and Family Dollar. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/dltr.html

1. Dollar Tree : 1 yuan store (1 dollar) is operated, and all goods are sold at 1 dollar. Provide consumer products, including candy, food, health and beauty care products, and daily consumables (such as household paper, chemicals, frozen and refrigerated food, etc.); All kinds of goods, including toys, household durables, gifts, stationery, party supplies, greeting cards, textiles and other items; Seasonal commodities include Valentine's Day, Easter, Halloween and Christmas commodities. The department (store) adopts four brands, namely Dollar Tree, Dollar Tree Canada, Deals and Dollar Tree Deals, The department operates 7805 stores, 13 distribution centers in the United States and 2 distribution centers in Canada; Store Support Center in Chesapeake, Virginia.
2. Family Dollar : Provide household consumable goods, including: food, tobacco and wine, health care and beauty products, daily chemicals, paper products, hardware products, automotive supplies, diapers Battery And pet food and supplies; Household goods, including household goods, home decoration, gifts, blankets, sheets, towels, etc; Clothing and accessories, including clothing, fashion accessories and shoes; Seasonal and electronic goods, such as Valentine's Day, Easter, Halloween, Christmas goods, and personal electronic products, including prepaid mobile phone services, stationery and school supplies, toys. The department (store) is mainly operated by Family Dollar, and operates 11 distribution centers, and one support center in Matthews, North Carolina. The department operates 7880 stores under the Family Dollar brand; And 11 distribution centers.

As of January 30, 2016, Dollar Tree has opened 13851 retail stores in 48 states of the United States, the District of Columbia and 5 provinces of Canada. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/dltr.html

As of June 30, 2020, Dollar Tree has opened 15288 retail stores in the United States and Canada, the number of stores is second only to the industry leader Dollar General 16368. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/dltr.html

Dollar Tree (DLTR) History Encyclopedia

• In 1954, K.R. Perry opened the first Ben Franklin store, later renamed K&K 5&10;
• In 1970, K.R. Perry, Doug Perry and Macon Brock opened K&K Toys in Virginia, and finally opened 130 stores on the east coast of the United States;
• In 1986, Doug Perry, Macon Brock and Ray Compton opened Only $1.00 chain stores, and finally opened 10 stores;
• In 1991, the company sold all K&K stores to Melville Corporation KB Toys;
• In 1993, Only $1.00 changed its name to Dollar Tree Stores and sold part of its equity to SKM partners, a private equity investment company;
• Dollar Tree, Inc., March 6, 1995 IPO Log in to NASDAQ, and the issue price is 15 dollars;
• In 1996, Dollar Tree acquired the Chicago company Dollar Bill $, Inc., which has 136 stores;
• In 1998, Dollar Tree acquired 98 Cent Clearance Centers in California;
• In 1999, Dollar Tree acquired Only $One stores in New York;
• In 2000, Dollar Tree acquired Dollar Express of Pennsylvania;
• In 2003, Dollar Tree acquired Greenbacks, Inc. of Salt Lake City, Utah;
• In 2006, Dollar Tree opened its 3000th store and acquired 138 DEAL $stores, previously owned by SUPERVALU INC;
• In 2009, Dollar Tree redesigned its website (Dollar Tree. com) as a Electronic Commerce Platform;
• In 2010, Dollar Tree opened the 4000th store and acquired 86 stores of Dollar Giant;
• In 2011, Dollar Tree opened 278 new stores with sales of 6.63 billion dollars;
• In 2012, Dollar Tree opened 345 new stores with sales of US $7 billion;
• On July 28, 2014, Dollar Tree announced that it would acquire its competitor Family Dollar for US $9.2 billion. On August 18, the same year, Dollar General The acquisition price was raised to US $9.7 billion. On August 20 of the same year, the Board of Directors of Family Dollar rejected the transaction of Dollar General and agreed to merge with Dollar Tree;
• In January 2015, Dollar Tree announced that it would divest 300 stores to appease American regulators;
• In June 2015, as part of the US $8.5 billion acquisition of Family Dollar, Dollar Tree sold 330 stores to Sycamore Partners, a private equity investment company;
• According to revenue, the company ranked 134 among the Fortune 500 companies in 2018;
• In March 2019, as part of its resettlement plan, Dollar Tree announced that it would close up to 390 Family Dollar stores and renovate 1000 other locations;
• On March 3, 2021, Dollar Tree announced that it would quietly launch the concept of Family Dollar/Dollar Tree combined store, and the first store would open at the end of 2019. By the end of 2020, Dollar Tree has opened and operated nearly 50 stores, mainly in small towns with a population of only a few thousand people;
• On September 28, 2021, CEO Michael Wytinski announced that some prices would rise to more than US $1, or even as high as US $1.50, on the ground that the increase in transportation and labor costs would squeeze the profit margin;
• In November 2021, it was reported that Dollar Tree Inc. (DLTR) might become an acquisition target.
• In December 2021, the activist investor Mantle Ridge nominated 11 directors to replace the entire board of directors of discount retailer Dollar Tree (NASDAQ stock code: DLTR). Mantle Ridge also believes that the Board of Directors should consider Dollar General (NYSE: DG) Richard W. Dreiling, Chairman and CEO, took the leadership position.

Dollar Tree (DLTR) US equity investment

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