Dollar Tree Inc.
The Dollar Tree the store that’s taking the value of a dollar to a whole new level. Dollar Tree products all of their products for a single dollar or less. The company is constantly growing and devising new ways to provide more products for only a dollar. Dollar Tree has never seen a year without profit in its existence. Dollar Tree the company that truly knows the value of a dollar.
Dollar Tree begins its humble history as a Benjamin Franklin variety store that was created in Norfolk Virginia during the year of 1953. Its creator K.R. Perry later decided to rename it to K&K 5&10. In the start of the 70s K.R. Perry and several others created a company by the name of K&K Toys. These mail concept based stores which produced over
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Dollar Tree executors decided that in 1995 Dollar Tree would become a public company. That March on the NASDAQ exchange a single share of Dollar Tree stock sold for $15 each. Dollar Tree’s market cap was calculated out to be at $225 million dollars at the time. Throughout the rest of the 90's, Dollar Tree bought out the several of its competitors and opened a couple of distribution centers which has allowed them to constantly grow. In the early 2000's Dollar Tree bought out more of its competitors and constructed more distribution centers. During the year of 2004, Dollar Tree opened a store in North Dakota and the company at the time had a store in each state in the United States mainland (History of Dollar Tree, …show more content…
That same year the company celebrated the opening of its 4000th store as a company. In 2011 Dollar Tree's sales rose to over six and half billion dollars. In 2012 sales rise to 12 billion dollars and the companies market cap rose to just over nine billion dollars. In 2014 the company celebrated the opening of its 5000th store as a company. During 2015 Dollar Tree Inc. purchased Family Dollar bringing Dollar Tree's total store count over 13,000 store between the companies. Dollar Tree continues to growth and prosper (History of Dollar Tree,
The JC Penney Company is a united states based company and is among the leading companies in the apparel and home furnishings especially in the retail sector. The JC Penney Company is dedicated to fitting the American diversity with quality, value and unpatrolled style. JC Penney has opened up many stalls throughout the country where they offer different products with a wide range of sizes, fits, shapes, occasions, budgets among other considerations. For a very long time JC Penney has been raising in the market until the recent past when it seemed to be making the wrong decisions.it was among the largest American mid-range store. They have been very successful with the expansion of their stores all over the region and even with their expansion
The Impact Kroger Company Contributed to America Consumers are the driving force in the economy due to everyday consumer needs and wants. So outstanding customer services are imperative to a company’s success. I will explore the dynamics, methodologies, of Kroger’s Company to remain prominent in American history. The moving force behind the Kroger Company was contributed to Bernard Henry Barney, Kroger who invested $372 and founded the first store The Great Western Tea Company in 1883.
I believe that dollar tree stores should not have off name products. I say this because it puts the original product in a state of bankrupt. To prove my point there is an article that says that the off name brands are the exact same thing just in a different package. “The security of buying a name brand product may cost you a little extra, but is it worth it when the generic or store brand version.” So this proves that the off name brands are copyrighting the original product.
Walmart sells lawn and garden items, tires, food, clothing, craft items and general merchandise and Dollar General sells everything except the tires in a smaller selection. The reason for the smaller selection in Dollar General is directly related to the store size. Dollar General and Walmart are two well-known discount stores in most every community. The number of employees differs in each discount store, yet both still provide a great convenience. The duties and responsibilities are spread out among the Walmart employees and at Dollar General the employees multitask.
The Kroger Company was started in 1883 by Barney Kroger in Cincinnati, Ohio. He spent his whole life savings on that one small store. He had a simple philosophy that he stood by—“Be particular. Never sell anything you would not want yourself.” Kroger took that one little store and turned it into one of the largest retailers in the United States.
Dollar Tree should continue to distinguish itself by the continuous buyout of firms that give them a competitive advantage and investing in technology. One of the main strategies that have led to the growth of the business is that Dollar Tree has been able to acquire other stores giving it a competitive edge. Acquiring stores instead of setting up one is one of the risk-free methods of market entry. Buying an existing business is profitable as it the new firm absorbs customers from the previous company. This should allow them the company to not spend a lot on their advertising budget.
Dollar Tree should be instituting micro-localization strategy for areas that recently have a competitor removed (Parnell, 2014). Dollar Tree must take advantage of Wal-Mart leaving the communities where current Dollar Tree stores were present (Levine-Weingberg, 2016). Dollar General and Dollar Tree will both be competing for these potential new customers. I would buy advertising and support the local communities with charitable giving to promote the relationship between Dollar Tree and the
The only thing you will require is your address and the distance you want the store to be from your physical location that will be convenient for you. DOLLAR TREE. This is a public company that was founded by K.R. Perry, Macon Brock, Doug Perry and Ray Compton in the year 1991 in Norfolk, Virginia, United States. Its headquarters is located in Chesapeake, Virginia, United States.
Target Corporation is the second largest discount store retailer in the United States following Walmart. Target provides high-quality, trendy merchandise at logical prices. As of today, Target has more than 1800 retail stores and 38 distribution centers in the United States. The first official store was opened in 1962 in Roseville Minnesota and have thrived every since. I will be analyzing Target’s financial statements and communicating the results to our decision makers (Target 2017).
There are many companies that follow don’t follow their mission statement but The Kroger company is one of many that does follow their mission statement. Their mission is to provide great services to the community and how have local fresh grown produces in each and every store. Kroger wants to become the world’s largest distributor of goods and services in the world. So far Kroger has achieved that goal such as they have a wide ban of family Companies and they have surpassed every company that in their same line of business. They have values witch they abide by through each and every company.
Target's main goal is to be the main shopping center for families. It's a classy discount store that focuses on customer loyalty and also has brand names that the customers wouldn't mind paying the higher prices for. Target's slogan, "Expect more, pay less" is recognizable throughout the country. It's also recognized for their coupons, red card rewards, and distinct red logo. Even when the economy takes a hit Target sales continue to grow, proving that it is one of the top retailers in the game at the moment.
It all began on April 14, 1902 when James Cash Penney founded in the small town of Kemmerer, Wyoming, the Golden Rule store, which had as slogan "to serve the public, as nearly as we can, to its complete satisfaction". The 26-year-old boy had the nickname "Cash" due to his opposition to moral credit. For in your store, selling merchandise only in cash. Initially, the store, in partnership with two merchants, Guy Johnson and Thomas Callahan, sold clothing and accessories, in addition to small varied products. The society was undone a few years later.
The first Costco opened in 1983. It was founded by James Sinegal and Jeffery Bortman. Around that same time Sol Price and his brother Robert started a company called Price Club that served small businesses in San Diego, California. In 1993, the two merged and since then have become the second largest wholesale retailer in the world. The current CEO is Craig Jelinek.
In 1949, Samuel S. Wurtzel opened the United States’ first electronic superstore by the name of Wards Company. Located in Richmond, Virginia, Wards Company sold television sets from one location; however by 1959, Wards had four satellite stores with sales totaling one million per year. By 1965, along with televisions, home appliances were added to the company’s inventory. (Hart) Unfortunately in 1970, just five short years after their retail expansion, Wards Company faced the bankruptcy but with new management and store consolidations, the company was able to overcome that obstacle and continue on.
Toys "R" Us proves to have more than it 's popular misspelled name going for it. The company has had almost consistent success since it was founded around 1960. With the history of popular children 's toys, Toys "R" Us has been standing out amongst competition by providing the multiple kinds of toy that can attract customer from all over the world. Toys "R" Us proves that building relationships is one of the major keys to run a successful business. Its unique hiring process provides stores with exceptionally talented employees.