Who owns Dollar Tree? Dollar Tree is a publicly traded company, meaning that its ownership lies with its shareholders who own and trade its stocks in the stock market. The company’s shares are listed on the NASDAQ stock exchange under the symbol “DLTR”. The largest shareholders are typically institutional investors, mutual funds, and individual investors. The company is managed by a board of directors, who are elected by shareholders to oversee the overall direction of the business.
Company History
Dollar Tree, Inc. is a popular American chain of discount variety stores that sell items for $1 or less. It was founded in 1986 by Dennis Edwards and Macon Brock, with its first store called “Only $1.00” opening in Dalton, Georgia. The company changed its name to Dollar Tree in 1993 to better reflect its product offering.
Dollar Tree operates under multiple brands, including Dollar Tree, Dollar Bills, and Dollar Tree Canada. Over time, the company has acquired or merged with several other discount retail chains, influencing its ownership structure. In 1998, Dollar Tree took over 98-Cent Clearance Centers, followed by the acquisition of the Dollar Express and Greenbacks chains in 2000.
In 2001, it purchased the assets of bankrupt K Dollar. From 2003-2004, Dollar Tree acquired Factory 2-U Stores. In 2006, Dollar Tree completed a significant transaction as it acquired Deal$ (Deal$-Nothing Over a Dollar) from SuperValu, Inc. Deal$ is a chain of multi-price stores, but after the acquisition, some of the stores were rebranded as Dollar Tree. In 2010, Dollar Tree ventured into Canada by acquiring the dollar store chain Dollar Giant for approximately $52 million. Dollar Giant stores later rebranded as Dollar Tree Canada. The largest acquisition took place in 2015 when Dollar Tree acquired Family Dollar, a discount retailer offering products at various price points.
The deal was valued at around $9.5 billion and established Dollar Tree as a major player in the discount retail market. Dollar Tree, Inc. is a publicly-traded company, listed on the NASDAQ stock exchange under the ticker symbol “DLTR.” Therefore, its ownership consists of shareholders who own the company’s stocks.
Shareholders can be individuals, institutions, or other entities like pension funds and mutual funds. In summary, Dollar Tree has a rich history dating back to 1986, driven by its founders, acquisitions, and shareholders. Its ownership journey began with Dennis Edwards and Macon Brock and shifted over time through various mergers and acquisitions. As of now, the company is publicly owned, with its ownership determined by stock ownership.
Who was the original founder?
Dollar Tree was originally founded by K.R. Perry, Macon F. Brock Jr., and Douglas R. Perry, with Macon F. Brock Jr. being the primary person credited for starting the company.
Macon F. Brock Jr. was born on May 14, 1938, in Norfolk, Virginia. He was an American businessman, entrepreneur, and philanthropist. Before founding Dollar Tree, Brock was the co-owner of K&K Toys along with K.R. Perry.
K&K Toys was a toy retail store, that operated in shopping malls in the Eastern and Midwestern United States during the 1980s. Later, in 1986, inspired by the growing popularity of dollar stores, the trio decided to establish Dollar Tree, which was then known as “Only $1.00.” The first store opened in Dalton, Georgia.
The company experienced significant growth over the years as the concept of selling items for a dollar caught on with the customers. They continued expanding the stores nationally, and in 1995, the company went public under the name “Dollar Tree Stores, Inc.” Today, Dollar Tree is a Fortune 500 company, operating thousands of stores across the United States and Canada. Macon F. Brock Jr.
served as CEO and chairman of the company and remained actively involved until his passing on December 9, 2017. Apart from his business endeavors, Brock was also known for his community work and philanthropy.
FAQ Section: Who Owns Dollar Tree
1. Who is the current owner of Dollar Tree?
The Dollar Tree is a publicly-traded company and can be owned by individual investors, institutional investors, and the company’s executives. No single person owns the entirety of Dollar Tree.
2. When was Dollar Tree founded?
Dollar Tree was founded in 1986 as Only $1.00 by Doug Perry, Macon Brock, and Ray Compton.
3. Where is Dollar Tree’s headquarters located?
Dollar Tree has its headquarters in Chesapeake, Virginia, USA.
4. How many stores does Dollar Tree operate?
As of March 2021, Dollar Tree operates over 15,600 stores throughout the United States and Canada.
5. What’s the difference between Dollar Tree and Family Dollar?
Dollar Tree typically sells items for $1 or less, while the Family Dollar sells items for various prices under $10. In 2015, Dollar Tree acquired Family Dollar, so they are under the same parent company.
