The Dollar Tree is a popular chain of single-price retailers that sells party supplies, cleaning supplies, and other necessities at affordable prices. The brand operates more than 7230 locations in the United States, and has two locations in Ithaca. Each store offers a circular that features discounts and promotions, with 90 different items up for grabs.
Dollar Tree is North America’s largest single price point retailer for party, household & cleaning supplies
The Dollar Store has long had a reputation for selling items for one dollar or less. They sell everything from floral supplies to home decor and party items. Their stores are located in suburban strip malls and cater to middle-class shoppers. Customers can fill their pantry with $1 worth of brand name food and snacks, and they have several lines of gum and other items for just a dollar.
The store first opened in 1997 and expanded its presence through the acquisition of Only $One stores. In 1999, the company acquired 138 Only $One stores and expanded their Briar Creek Distribution Center. In 2008, Dollar Tree reached $4 billion in sales and surpassed the $3.29 billion mark on the Fortune 500. Its stock also reached number one in the Fortune 500 for one day.
In June, the company completed a major expansion of its distribution center in Savannah, Georgia, and launched its first store in North Dakota. It has since expanded to a total of 1,066 stores across the United States and Canada. The company recently completed a 400,000 square-foot (37,000-m2) distribution center in Savannah, Georgia. While it was not immediately clear whether the company will keep the $1.25 price tag, the initial results indicate that the new policy will have positive effects on the company’s bottom line.
Dollar Tree is based in Norfolk, VA
Founded in 1986, Dollar Tree is a discount retail chain that focuses on items priced at $1 or less. Dollar Tree is headquartered in Norfolk, VA and has more than 14,700 locations throughout the United States. The company was founded by Gary Philbin, who is still active in the industry today. Last year, the company reported $22.2 billion in sales, employing more than 176,100 people. Today, the company is an American icon, with stores in more than 100 countries worldwide.
The company’s founder, Ken Perry, had a history of buying properties and barber shops in the Hampton Roads area and was always up for a new challenge. He eventually purchased a Ben Franklin store in Wards Corner, Norfolk, and rebranded it as Dollar Tree. Doug Perry helped his father start the company, while Macon Brock was working for K&K 5&10 at the time.
The company is located in Norfolk, VA, and the Janaf Shopping Yard is a popular location. The store has 19273 square feet of space, and stocks both Dollar Tree and Family Dollar items. In addition to traditional Dollar Tree merchandise, it also offers a wide variety of items at discount prices. The company has a thriving corporate culture, and employees are encouraged to take the initiative and move up the corporate ladder.
Dollar Tree gives back to the communities that support them
While delivering quality products at an affordable price, Dollar Tree also gives back to the communities where they operate. Through employee volunteering and financial contributions, Dollar Tree supports nonprofit organizations that improve the communities where it operates. In fact, the company is a major sponsor of Operation Homefront, a program that provides aid to military families and Wounded Warriors. Dollar Tree has helped to provide aid for more than 50 million children, and it continues to do so today.
In addition to its many charitable efforts, Dollar General places much of its giving into its Dollar General Literacy Foundation, a 25-year-old initiative focused on assisting children in low-income areas. Dollar Tree is focusing on military families, as well as employee collegiate goals, while Family Dollar is concentrating on small grants to local food banks and community groups. Dollar stores have thoughtfully considered how to support their communities, while the larger chains typically donate larger sums. In fact, Wal-Mart, for example, has donated $35 million to the American Red Cross since 2007. It has also made a pledge to donate $20 million to hurricane relief efforts in Texas.
The company has faced criticism for its decision to increase prices. Some retail analysts have said this decision was hasty. In response, the company has hung up new signs at stores and put up signs promoting new items and “more thrills” for $1.25. The impact of the change has been minimal, and Dollar Tree has yet to see a substantial shift in sales. If the company wants to maintain its position as a leader in discount retail, it needs to make some changes in the way it does business.
