Dollar Tree is an American discount variety store chain that sells a wide range of products at a fixed price of one dollar or less. The company was founded in 1986 in Norfolk, Virginia, and now operates more than 15,000 stores in the United States and Canada.
Dollar Tree offers a variety of products, including food and snacks, household supplies, party and craft supplies, health and beauty products, toys, and seasonal items. The company has a focus on value and low prices, which has made it popular with budget-conscious shoppers.
Dollar Tree operates in two segments: Dollar Tree stores and Family Dollar stores. The company acquired Family Dollar in 2015, which expanded its presence in the discount retail market.
Dollar Tree has been successful in maintaining low prices by sourcing products directly from manufacturers and by keeping store overhead costs low. The company's business model has allowed it to compete with other discount retailers, including Walmart and Target.
Like other retailers, Dollar Tree has faced challenges from the COVID-19 pandemic, including supply chain disruptions and increased costs for cleaning and sanitization. However, the company has continued to operate and has implemented safety measures to protect employees and customers.
Overall, Dollar Tree is a major player in the discount retail market, known for its low prices and wide range of products. The company is likely to continue to be a significant force in the retail landscape for years to come.