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In 1991, the corporation made a decision to focus exclusively on the expansion of dollar stores after selling K&K stores to KB Toys, owned by Melville Corporation. [5]In 1993, the name Only $1.00 was changed to Dollar Tree Stores to address what could be a multi-price-point strategy in the future, and part equity interest was sold to SKM partners, a private equity firm.
On May 29, 2024, Dollar Tree announced that they would be purchasing leases of up to 170 of closed 99 Cents Only locations across 4 states. The company will reopen the closed locations as Dollar Tree stores beginning in Fall 2024.
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Dollar Tree was the last dollar store chain to sell everything for $1 before raising prices in 2021 to $1.25 and above. Dollar Tree also owns Family Dollar, based mostly in cities.
That has changed over the years with dollar stores owned by Dollar Tree Inc (NASDAQ:DLTR) raising prices to $1.25 to offset higher inflation. Trump's tariff plans could mean further price hikes
Dollar Tree is well-known for its low prices -- only $1.25 for most items -- and large array of goods. There are also many Dollar Trees throughout the country, with over 16,000 total storefront...
They continued to grow and by 2019, for example, Dollar Tree had higher annual sales than Macy's. [28] Dollar and variety store revenue reached $77 billion in 2018. [29] As of 2018, main dollar store chains in the U.S. were Dollar General, Dollar Tree (which owns Family Dollar), the 99 Cents Only Stores, and Five Below. Increasing revenue has ...
Dollar Tree bought its rival in 2015 for $8.5 billion, believing the acquisition of Family Dollar would help it compete against larger companies. But by early 2024, more than 900 Family Dollar ...