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  • Norfolk, Virginia, U.S.
    1970

    K&K Toys in Norfolk

    Norfolk, Virginia, U.S.
    1970

    In 1970, K. R. Perry, Doug Perry, and Macon Brock started K&K Toys in Norfolk, Virginia. This mall concept grew to over 130 stores on the East Coast.




  • U.S.
    1990s

    Everything's A Dollar

    U.S.
    1990s

    Brock and the co-founders of Dollar Tree got the idea for the company from another retailer known as Everything's A Dollar, which went bankrupt in the 1990s.




  • U.S.
    1991

    Expansion of dollar stores after selling K&K stores to KB Toys

    U.S.
    1991

    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.




  • Virginia, U.S.
    1993

    Only $1.00 was changed to Dollar Tree Stores

    Virginia, U.S.
    1993

    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.




  • New York, U.S.
    Monday Mar 6, 1995

    Dollar Tree, Inc. went public on the NASDAQ exchange

    New York, U.S.
    Monday Mar 6, 1995

    On March 6, 1995, Dollar Tree, Inc. went public on the NASDAQ exchange at $15 a share, with a market cap then calculated at $225 million.




  • U.S.
    1996

    Dollar Tree acquired Dollar Bill$, Inc.

    U.S.
    1996

    In 1996, Dollar Tree acquired Dollar Bill$, Inc., a Chicago-based chain of 136 stores.




  • Chesapeake, Virginia, U.S.
    1997

    First distribution center

    Chesapeake, Virginia, U.S.
    1997

    In 1997, the company opened its first distribution center and its new store support center, both located in Chesapeake, Virginia.


  • California, U.S.
    1998

    Dollar Tree acquired 98-Cent Clearance Centers

    California, U.S.
    1998

    In 1998, Dollar Tree acquired 98-Cent Clearance Centers in California.


  • New York, U.S.
    1999

    Dollar Tree acquired Only $One stores based in New York

    New York, U.S.
    1999

    In 1999, Dollar Tree acquired Only $One stores based in New York state.


  • Olive Branch, Mississippi, U.S.
    1999

    Company opened its second distribution center

    Olive Branch, Mississippi, U.S.
    1999

    That same year, the company opened its second distribution center in Olive Branch, Mississippi.


  • Philadelphia, Pennsylvania, U.S.
    2000

    Dollar Tree acquired Dollar Express

    Philadelphia, Pennsylvania, U.S.
    2000

    In 2000, Dollar Tree acquired Dollar Express, a Philadelphia-based company, and also built a new distribution center in Stockton, California.


  • Utah, U.S.
    2003

    Dollar Tree acquired Salt Lake City

    Utah, U.S.
    2003

    In 2003, Dollar Tree acquired Salt Lake City, Utah-based Greenbacks, Inc., and opened a new distribution center in Marietta, Oklahoma.


  • North Dakota, U.S.
    2004

    Dollar Tree opened its first store in North Dakota

    North Dakota, U.S.
    2004

    In 2004, Dollar Tree opened its first store in North Dakota which marked its operation of stores in all 48 contiguous states. The company also opened new distribution centers in Joliet, Illinois, and Ridgefield, Washington.


  • Virginia, U.S.
    2007

    Dollar Tree expanded its Briar Creek Distribution Center

    Virginia, U.S.
    2007

    In 2007, Dollar Tree expanded its Briar Creek Distribution Center, crossed the $4 billion sales threshold, and had a market capitalization of $3.29 billion.


  • New York, U.S.
    2008

    Fortune 500

    New York, U.S.
    2008

    In 2008, Dollar Tree earned a place in the Fortune 500.


  • Virginia, United States
    2009

    Dollar Tree redesigned its website with a new e-commerce platform

    Virginia, United States
    2009

    In 2009, Dollar Tree redesigned its website with a new e-commerce platform.


  • Washington D.C., U.S.
    2009

    Company opened a store in Washington, D.C

    Washington D.C., U.S.
    2009

    By the close of 2009, the company opened a store in Washington, D.C.


  • Vancouver, British Columbia
    2010

    Corporation opened its 4,000th chain store and acquired 86 Canadian Dollar Giant stores

    Vancouver, British Columbia
    2010

    In 2010, the corporation opened its 4,000th chain store and acquired 86 Canadian Dollar Giant stores which are based in Vancouver, British Columbia. The stores are operated in British Columbia, Alberta, Saskatchewan, and Ontario. These are the first retail locations outside of the United States operated by Dollar Tree.


  • Savannah, Georgia, U.S.
    2011

    400,000 square-foot expansion of its distribution center

    Savannah, Georgia, U.S.
    2011

    In 2011, Dollar Tree achieved total sales of $6.63 billion, opened 278 new stores, and completed a 400,000 square-foot expansion of its distribution center in Savannah, Georgia.


  • U.S.
    2012

    Market cap at $9.13 billion

    U.S.
    2012

    In 2012, Dollar Tree opened another 345 new stores and exceeded $7 billion in sales, with an end-of-the-year market cap at $9.13 billion.


  • U.S.
    Monday Jul 28, 2014

    $9.2 billion offer

    U.S.
    Monday Jul 28, 2014

    On July 28, 2014, Dollar Tree announced that it was offering $9.2 billion for the purchase of competitor chain store Family Dollar.


  • U.S.
    Monday Aug 18, 2014

    Dollar General lodged a competing bid of $9.7 billion for Family Dollar

    U.S.
    Monday Aug 18, 2014

    On August 18, 2014, Dollar General lodged a competing bid of $9.7 billion for Family Dollar.


  • U.S.
    Wednesday Aug 20, 2014

    Bid was rejected

    U.S.
    Wednesday Aug 20, 2014

    The bid was rejected on August 20, 2014, by the Family Dollar board, which said it would proceed with the deal with Dollar Tree.


  • U.S.
    Jan, 2015

    Dollar Tree announced plans to divest 300 stores

    U.S.
    Jan, 2015

    In January 2015, Dollar Tree announced plans to divest 300 stores in order to appease US regulators scrutinizing its proposed takeover of Family Dollar stores.


  • U.S.
    Jun, 2015

    Firm agreed to sell 330 stores

    U.S.
    Jun, 2015

    In June 2015, the firm agreed to sell 330 stores to private equity company Sycamore Partners as part of the approval process for its $8.5 billion takeovers of Family Dollar.


  • New York, U.S.
    2018

    Company was ranked 134

    New York, U.S.
    2018

    The company was ranked 134 on the 2018 Fortune 500 list of the United States corporations by revenue.


  • U.S.
    Mar, 2019

    Dollar Tree announced that it will close up to 390 Family Dollar stores

    U.S.
    Mar, 2019

    In March 2019, as part of its reposition plan, Dollar Tree announced that it will close up to 390 Family Dollar stores along with renovating 1,000 other locations.


  • U.S.
    Wednesday Mar 3, 2021

    It was announced that Dollar Tree had quietly introduced a combination Family Dollar/Dollar Tree store

    U.S.
    Wednesday Mar 3, 2021

    On March 3, 2021, it was announced that Dollar Tree had quietly introduced a combination Family Dollar/Dollar Tree store concept with the first one opening in late 2019. Dollar Tree has opened and operated nearly 50 locations by the end of 2020, primarily in small towns with populations of just a few thousand people.


  • U.S.
    Tuesday Sep 28, 2021

    CEO announced that some prices will be rising above $1, possibly to as much as $1.50

    U.S.
    Tuesday Sep 28, 2021

    On September 28, 2021, CEO Michael Wytinski, citing increased shipping and labor costs squeezing profit margins, announced that some prices will be rising above $1, possibly to as much as $1.50.


  • U.S.
    Tuesday Oct 5, 2021
    11:49:00 PM

    Only $1.00

    U.S.
    Tuesday Oct 5, 2021

    In 1986, Doug Perry, Macon Brock, and Ray Compton started another chain store called Only $1.00 with five stores, one in Georgia, one in Tennessee, and three in Virginia. The expansion of dollar stores was continued alongside K&K Toys stores, mostly in enclosed malls.


  • Norfolk, Virginia, U.S.
    Tuesday Oct 5, 2021
    11:38:00 PM

    Ben Franklin variety store in Norfolk

    Norfolk, Virginia, U.S.
    Tuesday Oct 5, 2021

    In 1953, K. R. Perry opened a Ben Franklin variety store in Norfolk, Virginia, which later became known as K&K 5&10.


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