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Spreading smiles with Dollar Tree – A Reputed name in Discount Retail industry
The Dollar Tree Inc. is a chain of discount variety stores that sells items for $1 or less based in the United States. Based in Chesapeake, Virginia United States, it is one of the most popular and most successful single-price-point retailer chains in the US.
The name to reckon with in discount retail
Dollar Tree operates as a Public trading company in NASDAQ (DLTR) as S&P 400 component. With over 13, 851 discount variety retail store (5, 954 under the Dollar Tree, Dollar Tree Canada, Deals and Dollar Tree Deals brands) ten distribution centers in the United States and two in Canada and a Store Support Center in Chesapeake, Virginia.
In the latest figures released for the third fiscal quarter of 2016, net sales increased to 1.1%, i.e. from $4.95 billion to $5.00 billion in the third quarter of 2016. This was the Company’s 35th consecutive quarter of positive same-store sales with a 1.7% increase on a constant currency basis.
History of Dollar Tree –
Dollar Tree began as a Benjamin Franklin variety store in downtown Wards Corner, Norfolk, Virginia in 1953 owned by K.R. Perry. He later renamed it as K&K 5&10. K.R. Perry, Macon Brock and Doug Perry (K.R. Perry’s Son) opened K&K Toys in 1970, which by 1986 became a 130-store strong chain. Meanwhile, the K&K 5&10 variety store continued to exist and later on served as the foundation for the present day Dollar Tree. In 1986, Macon Brock and Doug Perry and Ray Compton started Only $1.00 with 5 stores. In 1991, K&K Toys were sold and all the assets were put in to develop and grow the Only $1.00 concept. In 1993, Dollar Tree officially came into existence with the name of Only$1 changed to Dollar Tree. In 1995, Dollar Tree went public on the NASDAQ exchange in March at $15 a share. The then Market cap of the company was calculated at $225 million.
Cooperate Social Relationship
The Dollar Tree has always been a people oriented company. In the US, iIt is a nationwide sponsor for Operation Homefront for the immediate assistance of wounded warriors or serving personals’ families. This is just one example from a lot of community-based initiative taken up by the organization. Through financial support, employee volunteering, and partnerships with its customers and non-profit organizations, it support causes that will have the greatest impact in improvement the quality of life in the communities surrounding its corporate headquarters and nine distribution centers. Investing in Dollar Tree properties is a good idea, considering its growth trajectory. It is also indisputably one of the most favored places to work for, hiring the best-qualified people without any discrimination. Employment in Dollar Tree means crossing various criteria for employment entry and good scope for career growth.
Dollar Tree is a product of dreams, and a stellar example of what individuals could achieve if they set their mind to it. It stands a testimonial to passion and quality in business, emerging as one of the most renowned, loved names in the retail business all over Northern America.
Benefit of Investor – Top Priority
The Dollar Tree made a humble beginning with just 5 stores in 1986 under the name Only $1.00. From there, it became the USD 9.13 billion global company recognized as the long-standing leader in the operator of discount variety stores. The Dollar Tree Group has over 13,600 stores across 48 states and five Canadian provinces; all owned by its corporate, making the Dollar Tree investments and properties a really profitable venture. The growing popularity of Dollar Tree has only ensured a continuous growth trajectory.
Dollar Tree Properties For Sale Across the United States :
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands, Washington, West Virginia, Wisconsin, Wyoming