Are Family Dollar And Dollar Tree The Same Company
Family Dollar and Dollar Tree are two of the biggest dollar store chains in the United States. They are well-known for selling a wide range of products at affordable prices. However, many people often wonder if these two companies are the same or if they are owned by the same corporation.
What is Family Dollar?
Family Dollar is a discount retail chain that was founded in 1959 in Charlotte, North Carolina. The company operates over 8,000 stores in 46 states across the United States. Family Dollar offers a variety of products, including food, household essentials, clothing, and electronics, among others. The company is known for its low prices and convenience, with many stores located in urban and suburban areas.
What is Dollar Tree?
Dollar Tree is also a discount retail chain that was founded in 1986 in Norfolk, Virginia. The company operates over 15,000 stores across the United States and Canada. Dollar Tree is known for its wide range of products, all of which are priced at one dollar or less. The company offers everything from food and snacks to party supplies and cleaning products.
Are Family Dollar and Dollar Tree Owned by the Same Company?
In 2015, Dollar Tree announced that it was acquiring Family Dollar for $8.5 billion. The merger was completed in July 2015, and since then, Family Dollar has been a subsidiary of Dollar Tree. Despite this, both companies continue to operate under their own brand names and maintain separate store locations.
What is the Difference Between Family Dollar and Dollar Tree?
While both Family Dollar and Dollar Tree are discount retail chains, there are some key differences between the two. Family Dollar offers a wider variety of products than Dollar Tree, including perishable food items and clothing. Family Dollar stores are also generally larger than Dollar Tree stores and are located in more urban areas. On the other hand, Dollar Tree stores offer a wider variety of items all priced at one dollar or less, while Family Dollar has a broader range of prices on its products.
Conclusion
Family Dollar and Dollar Tree are both popular discount retail chains in the United States that offer a wide range of products at affordable prices. While they were originally separate companies, Family Dollar is now a subsidiary of Dollar Tree following its acquisition in 2015. Despite this, both companies continue to operate under their own brand names and offer different product selections to their customers.