Gary M. Philbin
President, CEO & Director
Kevin S. Wampler
Chief Financial Officer
President of Dollar Tree Stores Canada Inc.
Neil A. Curran
President & COO of Dollar Tree Canada
Duncan C. Mac Naughton
President of the Family Dollar Stores Inc
David A. Jacobs
Chief Strategy Officer
Gary A. Maxwell
Chief Supply Chain Officer
Robert H. Rudman
Chief Global Products Officer
Michael A. Witynski
President & COO of Dollar Tree Stores Inc
Dollar Tree was founded in the year 1986. The company has been operational for almost 33 years now. The founders of the company were Dennis Edwards, Doug Perry, Ray Compton and Macon Brock. The origins of the company go back to the year 1953 when a Ben Franklin store was opened by KR Perry, in Norfolk, Virginia, USA. Later onwards, the store was renamed as K&K 5&10. Then in the year 1970, Doug Perry, along with KR Perry and Macon Brock started another company known as K&K Toys. Over time, this mall concept had grown to over 130 stores on the East Coast of the USA. In the year 1986, Doug Perry, along with Macon Brock and Ray Compton started another chain store company, which came to be known as the Only $1.00. The company began its operations with only just five stores. As of the year 1991, the company K&K Toys was then sold off to KB Toys, so that the company's founders could focus on Only $1.00 company.
During the year 1993, the name of the company was changed to Dollar Tree. Two years later, in the year 1995, the company had become a limited public entity. In the year 1996, the company had acquired Dollar Bill$ and added a chain of 136 stores under its name. Then in the year 1997, the company had opened its first distribution centre in Virginia, USA. In the year 1998, the company had taken over 98-Cent Clearance Centers. The following year, the company had again taken over Only $One stores as well. The company had also acquired Dollar Express and Greenbacks, in the year 2000 and 2003 respectively. The next year, the company had opened its first store in North Dakota. By the year 2006, the company had already opened almost 3,000 stores under its name. Then in the year 2008, the company for the first time ever appeared in the list of the Fortune 500 companies. The following year, the company launched its own online e-commerce website as well. By the year 2010, the company had already opened almost 6,000 stores under its name. In the year 2012, the company had raked in nearly $7 billion in overall sales. In the year 2014, the company had taken over Family Dollar, for an amount of $9.2 billion. In the year 2015, the company had planned to sell off almost 330 stores to Sycamore Partners, which was a part of the approval process for taking over Family Dollar. As of the year 2018, the company was ranked at almost 134 places in the Fortune 500 companies list. In the year 2019, the company announced that it would be closing off 390 Family Dollar stores and also renovate other stores located in 1,000 locations. The headquarters of the company is based in 500 Volvo Parkway. The name of the place is Chesapeake, while the state name is Virginia, USA. The pin code of the area is 23320.
Dollar Tree is an American company that focuses on providing various kinds of products at $1 or even less, for all of its customers. As of the year 2019, the company has its presence in over 14,700 locations all over the USA and Canada. The current CEO of the company is Gary Philbin. As of the year 2017, the overall revenue generated by the company is more than $22.2 billion. Also, the number of employees working at the company, as of the year 2018, is more than 176,100.
The primary services provided by the company include allowing customers to have a retail presence in order to purchase various kinds of products being sold by the company, at $1 or less price. The products include food and snacks, health, beauty, housewares, glassware, seasonal decor, dinnerware, craft supplies, gifts, gift bags, pet supplies, electronics, teaching supplies, toys, books, household cleaning supplies, etcetera.
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