Dollar Tree is the nation’s leading operator of fixed-price point stores, selling everything for $1 or less, and Family Dollar is a leading national operator of multi-price point stores providing value-conscious consumers with a selection of competitively priced merchandise in convenient neighborhood stores.
The answer, there, is yes: Dollar Tree and Family Dollar are part of the same company . Here’s the story. Dollar Tree officially began as Only $1.00 in 1986. The co-founders of the store had operated various other retail stores over the years, including general retail stores and toy stores.
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 .
While researching we ran into the inquiry “Is there a difference between Dollar Tree and Dollar General?”.
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. Family Dollar is another chain that sells items for over a dollar.
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 .
Also, does Dollar Tree have $1 stores in 2021?
Family Dollar is planning to open 200 new stores in 2021, according to their Fourth Quarter 2020 report, and all of them will carry Dollar Tree’s $1 products in some form . Some of those 200 stores will be the new combination format, and others will be Family Dollar “H2” stores, which feature a branded Dollar Tree $1 section.