Careers at Dollar Tree
Dollar Tree operates a chain of discount stores across the US and Canada under the Dollar Tree and Family Dollar brands, providing a broad range of merchandise to customers at low prices.
Dollar Tree operates in two business segments:
- Dollar Tree, which comprises the Company’s operation of a chain of discount variety stores under the Dollar Tree brand, which offer merchandise at the fixed price of $1.00; and
- Family Dollar, which comprises the Company’s operation of a chain of general merchandise discount retail stores under the Family Dollar brand, which provide consumers with a selection of competitively-priced merchandise.
Dollar Tree was established in its current form in 2014 by way of a merger between Dollar Tree and Family Dollar, two leading discount store operators. Both Company’ trace their respective histories back to the 1950s, Family Dollar with the establishment of its first store in 1959 by founder Leon Levine, and Dollar Tree with KR Perry’s establishment of a ben Franklin Variety store in 1954.
Dollar Tree operated initially under the name K&K Stores, with its founders concurrently developing a chain of stores under the name Only $1.00, which sold products at $1.00 or less. The founders ultimately dropped the K&K brand to focus solely on the development of dollar stores, assuming the Dollar Tree brand in the 1990s.
By the 2000s both Dollar Tree and Family Dollar had developed an extensive presence across the US, leading the country’s discount store market. In 2014 Dollar Tree offered to acquire Family Dollar for $9.2 billion, with Family Dollar deciding to proceed with the deal, despite receiving a higher offer from competing business Dollar General.
Dollar Tree is now the largest discount variety retailer in the US, operating more than 13,000 stores and employing more than 55,000 full-time employees. Dollar Tree is ranked 180th on the Fortune 500 list and 855th in the Forbes Global 2000 list. Its shares are traded on the NASDAQ, and the Company has a current market capitalisation of $19.12 billion.
Business model of Dollar Tree
Dollar Tree provides a customer base of general consumers with a range of products at discounted prices.
The Company’s Dollar Tree and Family Dollar-branded stores are targeted generally at lower income consumers, typically located so as to serve local communities. In 2014 it was reported that around 40% of Family Dollar’s customers had a household income of less than $25,000, which is slightly higher than the poverty level for a family of four. Dollar Tree is also popular with shoppers that are seeking to purchase products in bulk, often consumables such as candy, household products, and seasonal products.
Dollar Tree’s largest market is its native US. The Company, however, also serves customers in Canada, operating a Canada-focused unit named Dollar Tree Canada.
Dollar Tree provides value to its customers in the following ways:
- Its low prices and sourcing structure, with the Company’s Dollar Tree and Family Dollar-branded stores providing merchandise at low prices, with products procured from a variety of sources and suppliers;
- Its domestic and regional sales reach, with the Company operating a broad network of more than 16,000 retail outlets across North America, situated in convenient locations from local communities;
- Its broad catalogue of products, with the Company offering a broad range of products across multiple categories, including consumables, household products, apparel and accessories, and seasonal and electronics; and
- Its accessibility, with the Company operating an online sales channel for its Dollar Tree stores, as well as a smart coupon service and mobile apps, which enables customer to utilise the Company’s services from anywhere.
Dollar Tree operates websites for its two store brands at www.dollartree.com and www.familydollar.com, through which the Company provides information on its various products, its coupon services, and locations. The Company also operates an online sales channel through its Dollar Tree website, through which customers are able to make purchases and arrange deliveries, as well as a telephone sales channel. The Company also operates a Coupon for Family Dollar store app, which allows customers to access additional discounts and deals.
The majority of Dollar Tree’s sales are made through its network of physical retail outlets, including 5,954 Dollar Tree stores and 7,897 Family Dollar stores, where the Company’s sales and customer service staff deal with customers directly. The Company also operates 12 Dollar Tree distribution centres, ten in the US and 2 in Canada, and 11 Family Dollar distribution centres in the US, as well as store support centres in in Chesapeake, Virginia, and Matthews, North Carolina.
Dollar Tree also operates a network of affiliates, which help to extend the Company’s own marketing and sales reach.
Dollar Tree provides various services to its customer on a self-service basis, in particular through its online Dollar Tree store, through customers can purchase merchandise, organise deliveries, and track orders without interacting with members of the Company’s sales teams. The Company also offer coupon services that customers can access through their phones.
Throughout the Company’s network of more than 13,000 retail outlets, Dollar Tree employs a workforce of sales and customer service staff who are able to interact directly with customers, assist with queries and provide advice. The Company’s stores are designed to create an inviting atmosphere, including attractive merchandise displays, with a view to encouraging recurring business.
Dollar Tree provides certain support resources on its websites, including FAQs and recall information. Customers can also contact the Company customer support staff directly over the phone. Additionally, Dollar Tree operates a number of social media accounts under its Dollar Tree and Family Dollar brands, including with Facebook, Twitter, LinkedIn, and Pinterest.
Dollar Tree is an operator of discount variety stores, operating more than 13,000 discount variety retail stores across the US and Canada.
The Company's operations are divided into two business segments: Dollar Tree which operates discount variety stores offering merchandise at a fixed price of $1.00 under the Family Tree brand; and Family Dollar, which operates a chain of general merchandise retail discount stores under the Family Dollar brand, which offer a selection of products in neighborhood stores.
The Company also operates stores under the Dollar Tree Canada, Deals, and Dollar Tree Deals brands. Dollar Tree operates its own distribution infrastructure, including distribution centres in the US and Canada and store support centres the US.
Dollar Tree collaborates with a network of partners throughout the process of purchasing, selling, and distributing its products. The Company’s partners include:
- Marketing and Affiliate Partners, comprising a range of companies, online retailers, and websites, which help to extend the Company’s marketing reach in return for commissions on sales;
- Supplier and Vendor Partners, comprising suppliers of merchandise, supplies and services, and logistics, which support the Company’s retail and distribution operations;
- Real Estate Partners, comprising real estate developers and property companies, with which the Company collaborates in identifying appropriate locations for its discount stores; and
- Transportation and Distribution Partners, comprising distribution and logistics companies that support the Company’ own distribution activities.
Dollar Tree has a number of partnerships, including with PayNearMe, which provides payment solutions to the Company, and with Infosys, which provides technology services to the Company.
Dollar Tree’s key resources are its catalogue of products and merchandise, its physical network of retail outlets, its online and mobile platforms, its IT infrastructure, its distribution and logistics infrastructure, its partnerships – notably its suppliers, and its personnel.
Dollar Tree owns and or leases range of properties across the US and Canada that are material to its operations. This includes a chain of more than 13,000 retail outlets, including 5,945 under the Dollar Tree brand and 7,897 under the Family Dollar brand, as well as a combined network of 23 distribution centres and two store support centres under both brands.
Dollar Tree incurs costs in relation to the acquisition of products and merchandise – as well as the procurement of additional services, the operation of its retail outlets, the development and maintenance of its online and mobile channels, the implementation of advertising and marketing campaigns, the maintenance of its IT infrastructure, the operation of its distribution and logistics infrastructure, the management of its partnerships, and the retention of its personnel.
In 2015 Dollar Tree accrued selling, general, and administrative costs – including advertising expenses and the payment of salaries and benefits to its workforce of 55,300 full-time and 112,500 part-time employees – amounting to $3.61 billion. The Company’s cost of sales was recorded at $10.84 billion, including occupancy costs, the cost of merchandise, and the cost of warehousing and distribution operations.
Dollar Tree generates revenue through the sale of various products and merchandise through its chain of Dollar Tree and Family Dollar-branded stores. The Company’s sales are segmented by product category:
- Home products;
- Apparel and accessories; and
- Seasonal and electronics.
In 2015 the Company generated total net sales for the year of $15.50 billion, up considerably on the $8.60 billion recorded by the Company in 2014. This was significant increase was attributed to the consolidation of Family Dollar’s operations into those of Dollar Tree. The majority of the Company’s sales are from its consumables product category, accounting for 68.4% of the Dollar Tree’s total sales for the year. Seasonal and electronics sales accounted for 15%, home products for 9.8%, and apparel and accessories for 6.8%.
info: Bob (“Sasser”) has served as Chief Executive Officer at Dollar Tree Stores since 2004. Sasser first joined Dollar Tree in 1999, serving as the Company’s Chief Operating Officer until 2004. He also served as President of the Company from 2001 to 2013. Sasser has served in a range of role within the retail sector since the 1990s. He began his career at Roses Stores, where he held a number of roles, including spells as Store Manager, Vice President, and General Merchandise Manager. In 994 he was named Vice President and General Merchandise Manager at Michaels Stores, where he stayed until 1996. Prior to joining Dollar Tree, Sasser served as Senior Vice President of Merchandise and Marketing at Roses Stores from 1997.
info: Kevin (“Wampler”) has served as Chief Financial Officer at Dollar Tree since joining the Company in 2008. As a certified public accountant, Wampler has served in numerous financial management roles. He began his career at Ernst and Young in 1986, where he served as an audit manager until 1993, when he joined Finish Line Inc as Corporate Controller. He went on to hold a number of roles at Finish Line Inc, including spells as Assistant Secretary, Vice President, and Chief Accounting Officer. He served as the company’s Executive Vice President and Chief Financial Officer for five years before joining Dollar Tree.
info: Robert (“Rudman”) has served as Chief Merchandising Officer at Dollar Tree since 2003. Rudman has worked within the retail sector since the 1970s, including a number of management and executive roles with a focus on merchandise and marketing. He began his career in 1973 holding a range of roles at discount, variety and warehouse clubs. In 1991 he was appointed Executive Vice President and Chief Merchandise Officer of Michaels Stores, leaving the company in 1996 to set up his own consulting company, VQ International. In 2000 he joined Horizon Group USA as President and Chief Executive Officer, his last role before joining Dollar Tree.
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