Where Is The Nearest Dollar Tree Store (2024)

FAQs

What's the difference between Dollar General and Dollar Tree? ›

Product quality. One of the major differences between Dollar General and Dollar Tree is the quality of their products. While Dollar Tree sells every item for just $1.25, the quality of these products might not be the best. Some of the products may not last for long, and you might have to replace them quickly.

One key approach is bulk buying from suppliers. By purchasing millions of units to distribute across their numerous locations, they can acquire products at a lower cost, similar to the savings Costco offers its customers through bulk purchases. Another method dollar stores use is sourcing liquidated items.

Dollar Tree's CEO did say in March the increase will start in 2024 across all stores. "This year, across 3,000 stores, we expect to expand our multi-price assortment by over 300 items at price points ranging from $1.50 to $7," Dollar Tree CEO Rick Dreiling said in the call on March 13.

2015. On July 6, Dollar Tree acquired Family Dollar, located in Charlotte, NC.

While Dollar Tree is a great option if you want everything to cost just $1.25, the quality and variety of products may not be as high as what you would find at other stores. Dollar General and Family Dollar both offer a wider range of items and may have more sales and promotions, but their prices can vary.

No. Dollar Tree is a US-based, publicly-traded company. Their shares trade on the NASDAQ. Their ticker sign is DLTR.

Dollar General has a diverse ownership structure, with several major institutional investors holding significant stakes in the company. The top shareholders as of September 2023 are Vanguard Group, Inc., BlackRock, Inc., Capital International Investors, Capital World Investors, State Street Corporation, Price (T.

Of the 226 consumer and food products tested at Dollar Tree, Family Dollar, Dollar General, 99 Cents Only, and Five Below, 53% of the products screened in 2021 contained one or more chemicals of concern.

Why is Dollar Tree losing money? ›

For fiscal 2023, the company lost $998 million, versus a profit of $1.6 billion in 2022. The key reason for its loss is a $594.4 million charge for portfolio review, a $1.07 billion goodwill impairment charge, and a $950 million trade name impairment charge.

The ownership structure of Dollar Tree (DLTR) stock is a mix of institutional, retail and individual investors. Approximately 61.50% of the company's stock is owned by Institutional Investors, 9.82% is owned by Insiders and 28.68% is owned by Public Companies and Individual Investors.

The company said when the concept was announced that it planned to have 500 Dollar Tree Plus stores by the end of 2021, with another 1,500 in 2022 and at least 5,000 by the end of 2024. Dollar Tree operated 16,774 stores across 48 states and five Canadian provinces as of Feb. 3.

Dollar Tree raised the base price of items to $1.25 in 2021. "This year, across 3,000 stores, we expect to expand our multi-price assortment by over 300 items at price points ranging from $1.50 to $7," Dollar Tree Chairman and CEO Rick Dreiling said during the company's fourth-quarter earnings call earlier this month.

Dollar General operates about 19,000 stores in the US, 2,700 of which focus on fresh groceries. DG Markets stock produce, meat, and other foods that aren't typically found in dollar stores.

Dollar General stores are basic and often not the most organized, but they offer convenience and low prices. This no-frills approach keeps their costs down and makes them the go-to option for their target customer base.

Overhead Costs

Part of the secret to the rise of dollar stores is they have smaller square footages than other stores, which helps save on overhead.

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.