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In 1991, the corporation made a decision to focus exclusively on the expansion of dollar stores after selling K&K stores to KB Toys, owned by Melville Corporation. [6]In 1993, the name Only $1.00 was changed to Dollar Tree Stores to address what could be a multi-price-point strategy in the future, and part equity interest was sold to SKM partners, a private equity firm.
Family Dollar Stores, Inc. is an American variety store chain. With over 8,000 locations in all states except Alaska and Hawaii, it was the second largest retailer of its type in the United States until it was acquired by Dollar Tree in 2015 when its headquarters operations were moved from Matthews, a suburb of Charlotte, North Carolina, to Chesapeake, Virginia, located in South Hampton Roads.
The company began in 1939 in Scottsville, Kentucky, as a family-owned business called J.L. Turner and Son, owned by James Luther Turner and Cal Turner. In 1955, the name changed to Dollar General Corporation, and in 1968 the company went public on the New York Stock Exchange. The Fortune 500 recognized Dollar General in 1999, and in 2020 it ...
Family Dollar, which is owned by Dollar Tree, was recently fined more than $40 million for a rat infestation at a warehouse that forced hundreds of stores to temporarily close. ... Family Dollar ...
On March 13, parent company, Dollar Tree, announced in a press release it plans to shutter nearly 1,000 Family Dollar stores after seeing declining sales in 2023. According to the report, that ...
Dollar Tree acquired Family Dollar stores in 2015. USA Today reporters Ahjane Forbes and Cheryl McCloud contributed to this story. Mike Smith can be reached at 575-628-5546 or by email at MSmith@ ...
The TJX Companies, Inc. (abbreviated TJX) is an American multinational off-price department store corporation, headquartered in Framingham, Massachusetts. [5] It was formed as a subsidiary of Zayre Corp. in 1987, and became the legal successor to Zayre Corp. following a company reorganization in 1989. As of 2019, TJX operates TJ Maxx (in the ...
Dollar Tree same-store net sales increased 6.3%, driven by a 7.1% increase in traffic, partially offset by a 0.7% decline in average ticket. ... The Dollar Tree-owned discount chain store took a ...