Who owns Dollar General Dollar Tree?
Dolgencorp. Dolgencorp is a wholly owned subsidiary of Dollar General Corporation. Dollar General brand products are manufactured under the Dolgencorp subsidiary.
The short answer is that Dollar General and Dollar Tree are separate companies. They're competitors, just like Walmart and Target, CVS and Walgreens, or AT&T and Verizon.
“We are pleased to announce we have completed our acquisition of Family Dollar and we formally welcome the Family Dollar team to the Dollar Tree organization,” stated Bob Sasser, chief executive officer.
Dollar General is not owned by China. However, the company buys a large portion of its merchandise from China. Its competitor Dollar Tree also buys a large portion of its goods from China. That's not surprising, as China is the largest supplier of low-cost goods that companies like Dollar General sell.
Dollar Tree's executive chairman Richard Dreiling took on the chief executive role on Jan. 29, nearly a year after the group agreed to revamp its board in a settlement with activist investor Mantle Ridge.
Mr. Dreiling, 69 years old, joined Dollar Tree as chairman last year as part of a settlement with activist investor Mantle Ridge LP. He previously served as CEO of Dollar General from January 2008 to June 2015.
Now, the company will expand its push to win wealthier customers in the suburbs using a new store model and name: Popshelf. Dollar General (DG) said Thursday it will open 1,000 Popshelf stores over the next four years.
The Dollar Tree makes money by finding ways to sell products at a lower cost to maximize profit. For example, Dollar Tree sells private-label branded products. This helps so that they are able to sell products in non-standard sizes, which are cheaper to produce, and maximizes the profit earned per item.
Dollar Tree is an actual dollar store (for the most part).
What other companies does Dollar Tree own?
Dollar Tree, Inc. owns and operates discount variety stores offering merchandise at the fixed prices. It operates stores under the names Dollar Tree, Deal$, Dollar Tree Deal$, Dollar Giant and Dollar Bills.
The main competitors of Dollar Tree include Dollar General (DG), Target (TGT), Five Below (FIVE), Kroger (KR), Ross Stores (ROST), Yum! Brands (YUM), Fastenal (FAST), Coupang (CPNG), Walgreens Boots Alliance (WBA), and Yum China (YUMC). These companies are all part of the "retail/wholesale" sector.
In December 2022, the reserves stood at US$3,120 billion. The exact composition of China's foreign exchange reserves is classified information.
In this article, Doyle states that the research firm Telsey Advisory Group estimates that approximately 42 percent of the products that Dollar Tree sells are made in China. About 23 percent of what Family Dollar sells is imported merchandise, much of it from China.
(NYSE: DG) today announced that it has entered into an agreement to be acquired by affiliates of Kohlberg Kravis Roberts & Co. L.P. ("KKR") in a transaction with a total value of approximately $7.3 billion, including approximately $380 million of net debt.
Shares of Dollar Tree fell Thursday after the company cut its financial outlook for the year, citing its push to offer more competitive prices at its Family Dollar stores.
The discount retailer's stock tumbled on Tuesday after the company said cost pressures will drive full-year earnings lower than investors had hoped. Earnings per share for fiscal 2022 are expected to be in the lower half of Dollar Tree's (ticker: DLTR) previous outlook range of $7.10 to $7.40.
Not unlike big box bulk stores like Costco, dollar stores source their product from other stores or brands looking to sell off merchandise in a hurry, either because they want to make room for new product, or because the items weren't as popular as the purchaser thought they would be.
Todd Vasos is the current CEO of Dollar General. John Garratt is the company's executive vice-president and CFO. Jeffrey Owen is the chief operating officer. Institutional investors control about 91.45 percent of the outstanding shares of Dollar General Corporation, according to CNN Business.
Michael Witynski, who was promoted to President and CEO of Dollar Tree in July 2020, had total compensation of $10,767,887. As part of his promotion, Witynski's salary increased by 23.8% from $857,692 to $1,184,615. He also received a cash award of $2,433,210, and an option award valued at $7,088,690.
How much does the CEO of Dollar General get paid?
...
Compensation by Company.
| Name And Title | Todd J. Vasos Chief Executive Officer |
|---|---|
| Total Cash | Total Cash $5,894,581 |
| Equity | Equity $10,418,597 |
| Other | Other $305,695 |
The company added 227 new stores in the quarter, bringing its total to 18,566. Right now, Dollar General's growth strategy mainly hinges on doing the same things that made it successful for decades: keeping costs low and opening new stores in the right markets.
Macon Brock, Doug Perry, and Ray Compton started Only $1.00 with 5 stores, one in Georgia, one in Tennessee, and three in Virginia.
There are 19,132 Dollar General stores in the United States as of May 08, 2023. The state with the most number of Dollar General locations in the US is Texas, with 1,778 stores, which is about 9% of all Dollar General stores in the US.
Dollar Tree long term debt for 2023 was $3.422B, a 0.13% increase from 2022. Dollar Tree long term debt for 2022 was $3.417B, a 5.91% increase from 2021.
In August 2022, Dollar Tree CEO Mike Witynski said that the majority of the chain's new customers have an annual household income of more than $80,000, according to a transcript of an earnings call.
Contrary to some sources, Dollar Tree does not have individual store owners. To open up a similar concept, you should expect to pay, on average, a franchise fee of $50,000. In addition, the total investment fee to operate an outlet will range from $65,900 to $463,000 depending on the size of the dollar store.
The first Dollar General store opened in Springfield, Ky. on June 1, 1955, and the concept was simple – no item in the store would cost more than one dollar. The idea became a huge success and other stores owned by J.L. Turner and his son Cal Turner Sr.
Sometimes, products hit the dollar stores because of damage or lack of freshness. BUT, they are often just offered cheaper because they operate on slimmer margins than grocery stores. Many items were surplus or overstock items from a company.
Throughout 2023, the company is expected to roll out $3.00 and $5.00 prices for goods in 1,800 retail stores, with most price hikes reportedly coming from the retailer's Dollar Tree Plus product expansion initiative.
Who owns your dollar store with more?
Russell Meszaros - CEO - Your Dollar Store With More | LinkedIn.
Interactive chart of historical net worth (market cap) for Dollar Tree (DLTR) over the last 10 years. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Dollar Tree net worth as of May 17, 2023 is $35.13B.
The Levine family had a long history of entrepreneurs. Leon's father founded the Hub store in 1908, and his brother Al founded Pic-n-Pay in 1957. Leon envisioned Family Dollar as a self-service retail store marketed towards middle and lower class families with all merchandise sold for one dollar.
Dollar Tree also made the decision to pull eggs because it has a lean staffing model in stores, said David D'Arezzo, a former executive at Dollar General and other retailers who now works as an industry consultant.
What's the biggest difference between Dollar Tree and Dollar General? Price. Dollar Tree prices almost everything at $1.25. On the other hand, Dollar General only has a small selection of items priced at $1 (in their $1 aisle), but almost everything else is under $10.
All Dollar Tree merchandise costs just $1
However, until 1993, it used to be called "Only $1." According to Money Inc, the company decided to change the name to "Dollar Tree" in order to avoid any potential conflicts, if they were to price any of their merchandise higher than a dollar at some point in the future.
Dollar General, the largest dollar-store chain in the US, regularly posts operating margins of about 15%. Five Below, a US chain targeting teen shoppers with items priced below US$5, has generated operating margins in recent years as high as 23%.
If you find yourself spending a little more than expected, it might be because you're not actually at a “true” dollar store. 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 (for the most part).
Industries that tend to rise along with the dollar include airlines, homebuilders, insurers and general merchandise retailers. Bill Bell, portfolio manager at Atlanta Capital Management, favors retailers in the current rising-dollar environment.
At the end of 2021, of the 98 countries for whom data was available, Pakistan ($27.4 billion of external debt to China), Angola (22.0 billion), Ethiopia (7.4 billion), Kenya (7.4 billion) and Sri Lanka (7.2 billion) held the biggest debts to China.
How much U.S. debt is owned by China?
However, this has declined over time, and as of 2022 they controlled approximately 25% of foreign-owned debt. As of January 2023, the five countries owning the most US debt are Japan ($1.1 trillion), China ($859 billion), the United Kingdom ($668 billion), Belgium ($331 billion), and Luxembourg ($318 billion).
The U.S. makes up 23.93% of the total global economy, says Investopedia. The World Bank Group lists China as the second richest country in the world as of 2021, possessing a GDP of $17.734 trillion along with a GDP per capita of $12,556.3. China makes up 18.45% of the total global economy.
Walmart China “firmly believes” in local sourcing with over 95 percent of their merchandise coming from local sources. In America, estimates say that Chinese suppliers make up 70-80 percent of Walmart's merchandise, leaving less than 20 percent for American-made products.
Family Dollar Stores, Inc. is an American variety store chain.
Almost 70 years ago, founders in Norfolk, Virginia and Charlotte, North Carolina started what would later become Dollar Tree and Family Dollar stores. Today, we are one company with over 16,000 stores and 200,000 associates, operating in all 48 contiguous states and five Canadian provinces.
Dollar Tree changed its standard price point from $1 to $1.25 in 2022, and there are more changes coming. The Fortune 500 company has also been working on Dollar Tree Plus, a new initiative for expanding the products that are available in stores.
Are Dollar General and Dollar Tree related? Or are they just competitors? The short answer is that Dollar General and Dollar Tree are separate companies.
Acquisition by Dollar Tree
On July 28, 2014, Dollar Tree announced that it would acquire Family Dollar for $74.50 per share, a deal valuing Family Dollar at $8.5 billion, and that Dollar Tree would also assume $1 billion in debt currently owed by Family Dollar, for a total of $9.5 billion.
| Holder | Shares | Date Reported |
|---|---|---|
| Capital World Investors | 6,625,644 | Dec 30, 2022 |
| Morgan Stanley | 4,744,478 | Dec 30, 2022 |
| Geode Capital Management, LLC | 4,233,760 | Dec 30, 2022 |
| JP Morgan Chase & Company | 3,328,490 | Mar 30, 2023 |
A spokesperson told the Wall Street Journal that the retailer has no plans to change its name. Dollar Tree is the last of the dollar stores to increase its prices above the namesake price point.
Who owns the Family Dollar chain of stores?
Adapting for Our Customers' Changing Needs
We have combined Family Dollar's trusted stores and great value with the “thrill of the hunt” and incredible finds at Dollar Tree. Two great stores… one big deal!
The combo stores don't take Dollar Tree gift cards — yet.
When that finally happens, expect to see Dollar Tree gift cards work at Family Dollar stores nationwide, and vice-versa.
Dollar General's brand is ranked #335 in the list of Global Top 1000 Brands, as rated by customers of Dollar General. Their current market cap is $48.43B. Walmart's brand is ranked #104 in the list of Global Top 1000 Brands, as rated by customers of Walmart. Their current market cap is $382.64B.
Warren Buffett Dollar General Corp.
Warren Buffett started to build up the position in Dollar General in Q2 2011 and continued to invest until Q3 2011. Since then they sold 4.5 Million shares. The investor completely sold their stake between Q1 2012 and Q3 2012.
1. Dollar General. Dollar General (NYSE: DG) isn't in Berkshire's portfolio, but it is in Markel's.
Dollar Tree has more than 8,000 stores. Dollar Tree said a year ago it raised prices to offset higher costs and to improve the quality of its merchandise, which comes in small packaging sizes. The company's product selection had suffered from having to keep everything under $1 and its sales were sluggish.
