
Dollar Tree, Inc., formerly known as Only $1.00, is an American chain of discount variety stores that sells items for $1 or less. Headquartered in Chesapeake, Virginia, it is a Fortune 500 company and operates 15,115 stores throughout the 48 contiguous U.S. states and Canada. Its stores are supported by a nationwide logistics network of twenty four distribution centers.HistoryBusiness StrategyCanadaRecallsExternal LinksEarly yearsIn 1953, K. R. Perry opened a Ben Franklin variety store in Norfolk, Virginia, which later became known as KK 510. In 1970, K.R. Perry, Doug Perry, and Macon Brock started KK Toys in Norfolk, Virginia. This mall concept grew to over 130 stores on the East Coast. In 1986, Doug Perry, Macon Brock, and …1990sIn 1993, the name Only $1.00 was changed to Dollar Tree Stores to address what could be a multipricepoint strategy in the future, and part equity interest was sold to SKM partners, a private equity firm. On March 6, 1995, Dollar Tree, Inc. went public on the NASDAQ exchange at $15 a share, with a market c…2000sIn 2000, Dollar Tree acquired Dollar Express, a Philadelphiabased company, and also built a new distribution center in Stockton, California. In 2001, the company opened two additional distribution centers, in Savannah, Georgia, and Briar Creek, Pennsylvania. In 2003, Dollar Tree acquired Salt Lak…See more on wiki2.org
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