Dollar Tree – and its newly acquired Family Dollar chain – have slightly more locations than Dollar General, but both have about 14,000 to 15,000. First and foremost, Dollar Tree sells only products that are $1 or under , whereas Dollar General, which once did the same, is now more like a discount retailer.
That’s right, despite the name, not all dollar stores sell every item in the store for just a dollar or less. Dollar Tree is an actual dollar store, but Dollar General is not . Even though Dollar General has the word “dollar” in its name, everything in the store doesn’t go for a buck; their merchandise is just low priced.
Are Dollar Tree and Dollar General the same company?
There are two main companies operating in this space: Dollar Tree [NASDAQ: DLTR] and Dollar General [NYSE: DG]. Their names are very close, but they have very different approaches . Dollar Tree has stores that sell everything for $1. Its goods are cheap and cheerful. Candy and toys are a top seller.
This of course begs the query “Does dollar tree own dollar general?”
Some authors claimed dollar General is not the owner of Dollar Tree , as of 2022. Dollar General and Dollar Tree come from separate companies, which are each considered to be the biggest competitors in the sector. They do share many commonalities, including products and places.
Dollar Tree was an overall cheaper experience, from the actual prices to the quality of shopping. Dollar General was a welcome reprieve from the mayhem of Dollar Tree. And though not all of the items there went for $1, Dollar General was the better store by a longshot .
What happened to Dollar Tree and Dollar General?
Also in 2017, Dollar General acquired stores from Dollar Express, a spinoff from the Family Dollar-Dollar Tree deal, and converted the store . In September 2019, Dollar General celebrated the grand opening of its 16,000th store in Panama City, Florida, following damage sustained from Hurricane Michael in October 2018.
What is the difference between Family Dollar and Dollar General?
Dollar General isn’t a “true” dollar store like Dollar Tree, but it also generally sells products at lower prices than Family Dollar. Dollar General opens most of its stores in rural areas, which typically aren’t saturated by other lower-end retailers.
Even though Dollar General has the word “dollar” in its name, everything in the store doesn’t go for a buck; their merchandise is just low priced . Family Dollar is another chain that has the word “dollar” in its name but sells items for more than a buck.
What are the terms of the merger between Dollar Tree and Family Dollar?
Under the terms of the merger agreement first announced and unanimously approved by each company’s Board of Directors in July 2014, Family Dollar shareholders are entitled to receive $59.60 in cash and 0.2484 of a share of Dollar Tree common stock for each share of Family Dollar common stock.
Dollar Tree is an actual dollar store (for the most part). The company recently announced it will sell items in certain locations for more than its typical $1 price. This isn’t totally new for Dollar Tree, though; they’ve tested “Dollar Tree Plus” sections at several hundred of its stores , where they sell items that could have a $5 price tag.
Is Dollar General really a dollar store?
While Dollar General isn’t strictly a dollar store , prices are generally 20% to 40% lower than at traditional grocery and drug stores, according to a report by the credit-rating company Moody’s. The company’s target shopper comes from a household making $ 40,000 or less a year.
Does Dollar Tree own Family Dollar Stores?
CHESAPEAKE, Va. – July 6, 2015 – Dollar Tree, Inc. (NASDAQ: DLTR), North America’s leading operator of discount variety stores selling everything for $1 or less , announced today that it has completed the acquisition of Family Dollar Stores, Inc, a leading national discount retailer offering name brands and quality, private brand merchandise.
The company began in 1939 as a family- owned business called J. L. Turner and Son in Scottsville, Kentucky, owned by James Luther Turner and Cal Turner . Who bought out Dollar Tree? The Chesapeake, Virginia-based Dollar Tree bought its rival Family Dollar for $9.2 billion in 2015. But the brand has been ailing.
Does Dollar Tree sell $5 items?
This isn’t totally new for Dollar Tree, though; they’ve tested “Dollar Tree Plus” sections at several hundred of its stores, where they sell items that could have a $5 price tag . Even though Dollar General has the word “dollar” in its name, everything in the store doesn’t go for a buck; their merchandise is just low priced.