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Research Paper On Dollar Tree

1055 Words5 Pages

Dollar Tree Inc.
The Dollar Tree the store that’s taking the value of a dollar to a whole new level. Dollar Tree products all of their products for a single dollar or less. The company is constantly growing and devising new ways to provide more products for only a dollar. Dollar Tree has never seen a year without profit in its existence. Dollar Tree the company that truly knows the value of a dollar.
Dollar Tree begins its humble history as a Benjamin Franklin variety store that was created in Norfolk Virginia during the year of 1953. Its creator K.R. Perry later decided to rename it to K&K 5&10. In the start of the 70s K.R. Perry and several others created a company by the name of K&K Toys. These mail concept based stores which produced over …show more content…

Dollar Tree executors decided that in 1995 Dollar Tree would become a public company. That March on the NASDAQ exchange a single share of Dollar Tree stock sold for $15 each. Dollar Tree’s market cap was calculated out to be at $225 million dollars at the time. Throughout the rest of the 90's, Dollar Tree bought out the several of its competitors and opened a couple of distribution centers which has allowed them to constantly grow. In the early 2000's Dollar Tree bought out more of its competitors and constructed more distribution centers. During the year of 2004, Dollar Tree opened a store in North Dakota and the company at the time had a store in each state in the United States mainland (History of Dollar Tree, …show more content…

That same year the company celebrated the opening of its 4000th store as a company. In 2011 Dollar Tree's sales rose to over six and half billion dollars. In 2012 sales rise to 12 billion dollars and the companies market cap rose to just over nine billion dollars. In 2014 the company celebrated the opening of its 5000th store as a company. During 2015 Dollar Tree Inc. purchased Family Dollar bringing Dollar Tree's total store count over 13,000 store between the companies. Dollar Tree continues to growth and prosper (History of Dollar Tree,

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