Dollar Tree
From open-encyclopedia.com - the free encyclopedia.
Dollar Tree (NASDAQ: DLTR) is a chain of retail stores based out of Chesapeake, Virginia. Every item sold in the stores is offered for either $1.00 or less. There are currently over 2,500 Dollar Tree stores.
Dollar Tree traces its history back to 1953 when company founder R. Perry opened a Ben Franklin store. Along with Doug Perry, Macon Brock and Ray Compton he eventually turned the store into a K&K 5&10. A number of additional K&K stores were opened. By the 1970s and 1980s, the chain came to concentrate on toys.
In 1986 the company opened its first Dollar Tree store in Dalton, Georgia. By the early 1990s, the company decided to focus exclusively on the Dollar Tree line. The chain sold the K&K stores to KB Toys. The company came to be known as Dollar Tree Stores, and by 1995 was traded on NASDAQ. Since that time the company has focused on expanding its presence nationwide.
