Dollar Tree

Dollar Tree Stores are growing at an amazing rate and are capturing the attention of Americans. Some of its strong competitors like the Family Dollar, Dollar General and Big Lots are being shown dust. Founded in the early fifties by K. R. Perry, the stores have evolved from selling toys in the seventies to the launch of the first one-dollar store in the second half of the eighties.

The headquarters of Dollar Tree Stores are in Chesapeake, Virginia. It has a total of three thousand three hundred and thirty four shops in forty eight states. It provides products such as pizza, ice cream, frozen dinners, punch, milk and pre-made baked products at the price of one buck or less. Recently, the stores have ventured into frozen foods,dairy products and groceries.

The company started dealing exclusively in one-buck stores in the early nineties. In the mid nineties, it started trading in the NASDAQ market. Soon after, the Dollar Bills store chain was integrated into the company but they retained their old names. After this, the company concentrated on expanding the one-buck business. By the end of the nineties, the company had merged with Only $One stores. In the new millennium, the company purchased the Dollar Express Company, Greenbacks All and the Deal$.

It is now possible for clients of Dollar Tree Stores to pay online, thanks to co-operation from Visa. One can also use credit cards such as Master Card and Discover credit cards. According to Reuters, the company had a ten point five better-than-planned rise in sales in last quarter of the year two thousand and seven, with profits of over thirty five million. This translates into thirty eight cents per share, six cents higher than the year before.

Peter Gitundu Researches and Reports on Trees. For More Information on Dollar Tree, Visit His Site at DOLLAR TREE. You Can Also Add Your Views About Dollar Tree On My Blog Here DOLLAR TREE.


Comments (0)

Post a Comment