Dollar Tree, Inc. is a leading operator in the discount variety stores sector, known for its commitment to maintaining all items at the cost of $1 or less. The company operates through two segments: Dollar Tree and Family Dollar.
Dollar Tree, Inc. was founded in 1986 and is currently headquartered in Chesapeake, Virginia, United States. The brand is synonymous with affordable variety for everyday needs and has established itself as a household name in the discount retail segment.
Main Product(s):
Dollar Tree offers a diverse range of products including consumables, variety merchandise, and seasonal goods. Its stores are designed to make essential items affordable and accessible to a wide demographic.
Short History of Dollar Tree, Inc:
1986 – Dollar Tree was founded. Initially, it was a part of K&K Toys.
1991 – The first store named ‘Dollar Tree' opened in Dalton, Georgia.
1995 – Dollar Tree went public.
2015 – The company acquired Family Dollar, significantly expanding its reach and store count.
2020 – Amid the COVID-19 pandemic, Dollar Tree played a critical role in providing affordable essentials to the public.
Key Executives:
Name
Title
Pay
Exercised
Year Born
Mr. Richard W. Dreiling
Executive Chairman & CEO
973.97k
N/A
1953
Mr. Jeffrey A. Davis BS, EMBA
Chief Financial Officer
753.85k
N/A
1963
Mr. Richard L. McNeely
Chief Merchandising Officer
1.7M
N/A
1959
Mr. Lawrence J. Gatta Jr.
Chief Merchandising Officer of Family Dollar Banner