Where Is Dollar Tree Near Me (2024)

FAQs

How many Dollar Tree stores are there in California? ›

725 stores in California, 1,110 stores in Florida, Illinois with 496 stores, 628 stores in Michigan, 641 stores in New York, 721 stores in North Carolina, 757 stores in Ohio, 622 stores in Pennsylvania and 1620 stores in Texas.

Almost 70 years ago, founders in Norfolk, Virginia and Charlotte, North Carolina started what would later become Dollar Tree and Family Dollar stores. Today, we are one company with over 16,000 stores and 200,000 associates, operating in all 48 contiguous states and five Canadian provinces.

That's right, despite the name, not all dollar stores sell every item in the store for just a dollar or less. Dollar Tree is an actual dollar store (for the most part). The company recently announced it will sell items in certain locations for more than its typical $1 price.

Many other stores with the same “discount friendly” business model tend to claim items cost a dollar, but that's not actually the case once you start shopping. Jumping ahead to June 2021, Dollar Tree announced an increase in its base price for in-store items, shifting from $1 to $1.25.

Family Dollar, Dollar General and Dollar Tree are all owned by the same company though. Dollar Tree, Inc. is not owned by Walmart. It is an independent company. It owns Dollar Tree, Dollar Bills and also a subsidiary known as Family Dollar.

Three national chains dominate the dollar store retail environment: Dollar General, Dollar Tree, and Family Dollar. Combined they had over 24,000 stores as of October 2018. You can see in the map that these stores are most heavily concentrated in the Southeast United States.

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

Dollar Tree (DLTR) Ownership Overview

Approximately 64.72% of the company's stock is owned by Institutional Investors, 9.82% is owned by Insiders and 25.46% is owned by Public Companies and Individual Investors.

1986 – 1991: The First Logo Concept

You might think that an image of a tree would be fitting for a store called Dollar Tree, but we have to remember that Dollar Tree was originally known as “Only $1” and the first logo concept showed a neon banner and the store name.

Pricing. There's no doubt that both of these stores offer affordable prices, but if you're looking for more low-cost options, then Dollar Tree is the way to go. While Dollar General sells products ranging from $3 to $10, Dollar Tree sells everything for just $1.25.

Who is merging with Dollar Tree? ›

We are writing a bold new chapter for our business — and for towns all across America. We've brought Family Dollar and Dollar Tree together under one roof, starting in small, rural towns across the country that had limited retail options. Our customers love the concept and we are expanding past just small towns.

Purchase Cost

Dollar stores buy a lot of inventory at a time so they can sell things cheaply. Much of the inventory dollar stores purchase cost less than a $1 because they're damaged. But it's buyer beware with items like toys, which can break easily at times.

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.

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.

Food, pet supplies and personal care items will be among the products to receive a price increase, although the rising prices won't apply to everything. Dreiling said the “vast majority” or products sold in Dollar Tree stores will remain at its “entry-level fixed price point.”

Founded by Dave Gold in 1982, the retailer chain had locations in California, Arizona, Nevada, and Texas. The company also operated Bargain Wholesale, which sells wholesale to retailers across the United States and exports to more than 15 countries from showrooms in Los Angeles.

As of May, 2024, there are 18912 Dollar General stores in the United States. These stores are located in 48 states and territories and 8008 cities. The state with the most Dollar General locations is Texas, with 1947 stores. This is about 10% of all Dollar General locations in the United States.

Dollar Tree, Inc. is an American multi-price-point chain of discount variety stores. Headquartered in Chesapeake, Virginia, it is a Fortune 500 (sometimes referred to as Fortune 200) company and operates 15,115 stores throughout the 48 contiguous U.S. states and Canada.