A Fortune 500 company, Dollar Tree specialises in products such as toys, crafts, home décor and personal care, as well as a selection of food and candy. With low prices on products, Dollar Tree is a favourite with customers.
However, if you’re unfamiliar with Dollar Tree, you may be wondering what the company is all about and how it differs from similar dollar retailers.If you’d like to learn more, keep reading!
What Is Dollar Tree In 2023?
Dollar Tree is a leading discount variety store, formerly known as Only $1.00. With over 15,500 stores in operation across the 48 states and five Canadian provinces, Dollar Tree has been around for 30 years as of 2023. Dollar Tree stocks private-label brands, as well as national and regional products.
For more information about Dollar Tree, including if Dollar Tree products are actually priced at a dollar, who owns Dollar Tree and where Dollar Tree items come from, then keep reading for more facts!
What is Dollar Tree Known For?
Dollar Tree is known for operating variety discount stores that sell an array of products.
As well as operating under the name Dollar Tree, there are also stores under the name of Dollar Bills and Family Dollar under the same banner.
The Dollar Tree website is different from its stores, as it offers customers to purchase popular items in bulk, which is advertised as ideal for businesses, schools, restaurants and party planners.
How is Dollar Tree Different?
Dollar Tree is different from other retailers as it offers a variety of discounted items, and the majority of the products available are within the $1 mark.
However, Dollar Tree has begun expanding to sell items that are above the $1 price point.
The benefit of the Dollar Tree store is that it’s possible to try new products without investing too much money.
Dollar Tree also allows customers to maximise their savings by offering coupons, as well as accepting manufacturer’s coupons at all store locations since 2012.
What Type of Store is Dollar Tree?
Dollar Tree is a leading discount variety store operator that has over 15,500 stores across North America and Canada.
To keep Dollar Tree well stocked, it’s supported by twenty-four distribution centres across the nation, as well as a logistics network.
What Does the Dollar Tree Sell?
Dollar Tree sells a variety of products in stores and on the company website, with many items being priced below $1.
Some of the items sold by Dollar Tree include the following:
- Pet supplies
- Seasonal décor
- Household cleaning supplies
- Gift bags and wrap
On the company website, there are 15 different departments of products offered by Dollar Tree, including the following:
- Kitchen & dining
- Party supplies
- Office & school supplies
- Cleaning & storage
- Seasons & occasions
Dollar Tree has also expanded its product selection to begin offering food, including breakfast & cereal, spices, sauces, canned goods and packaged dinners.
To help customers save even more money, Dollar Tree also offers hidden treasures, as well as in-store specials and items of the week.
Does Dollar Tree Actually Charge One Dollar?
The majority of items sold at the Dollar Tree are priced at $1 or below, which is why the Dollar Tree was previously known as Only $1.00 between 1986 and 1993.
Dollar Tree can price their items cheaply as they purchase large amounts of inventory in bulk which reduces their costs, and allows them to maximise their profits even with $1 prices.
Who Owns Dollar Tree?
Dollar Tree is a self-owned company that has acquired additional companies over the years, including competitors such as Family Dollar and Dollar Bills.
The current CEO of Dollar Tree is Michael A. Witynski, who was appointed to the role in July 2020.
When was Dollar Tree Founded?
Dollar Tree was first founded in 1986, with the first store being opened in Griffin, Georgia.
Previously, the Dollar Tree company had been known as Ben Franklin in 1953, and then K & K 5 & 10, and then Only $1.00.
Where Do Dollar Tree Items Come From?
Many Dollar Tree items are sourced from major manufacturers and brands, including Unilever, Coca-Cola, Energizer and Crayola.
With many of their items priced at $1 or less, Dollar Tree is one of the leading variety discount retailers within the United States and Canada that has been in operation for over 30 years.
Dollar Tree sells a variety of products including homeware, health and beauty products and more, often sourced from leading brands across the country.