Dollar Tree And Dollar General Owned By The Same Company
For those who love to shop for bargains, the names Dollar Tree and Dollar General are likely familiar. These two popular discount stores are often found in close proximity to each other, offering a wide range of items at incredibly low prices. But did you know that Dollar Tree and Dollar General are actually owned by the same company? This might come as a surprise to some shoppers, so let's take a closer look at the relationship between these two retail giants.
The History of Dollar Tree and Dollar General
Dollar General was founded in 1939 by J.L. Turner and his son, Cal Turner Sr. The company started out as a wholesale business that sold goods to other retailers, but it eventually expanded to include its own retail stores. Dollar General stores offer a wide range of merchandise, including food, household items, and clothing, at discount prices.
Dollar Tree, on the other hand, was founded in 1986 by Macon Brock, Doug Perry, and Ray Compton. The company was initially called Only $1.00 and sold items for, you guessed it, one dollar. In 1993, the company changed its name to Dollar Tree and began expanding rapidly. Today, Dollar Tree stores offer a variety of items, including party supplies, toys, and cleaning products, all for one dollar or less.
The Relationship Between Dollar Tree and Dollar General
Although Dollar Tree and Dollar General are both discount retailers, they have some key differences. Dollar General stores offer a wider range of products, including groceries and other household items, while Dollar Tree focuses more on party supplies, toys, and other non-essential items. Additionally, Dollar General stores typically have a higher price point than Dollar Tree stores.
Despite these differences, however, Dollar Tree and Dollar General are both owned by the same company: Dollar Tree, Inc. In 2015, Dollar Tree acquired Family Dollar, another discount retailer, and became the parent company of both Dollar Tree and Family Dollar. Today, Dollar Tree operates more than 15,000 stores across the United States and Canada, including over 7,000 Dollar Tree stores and more than 8,000 Family Dollar stores.
The Benefits of Dollar Tree and Dollar General
For shoppers, the relationship between Dollar Tree and Dollar General can be a great thing. Because these two stores are owned by the same company, they often share distribution centers and other resources, which can help keep prices low. Additionally, having two separate chains means that shoppers have more options when it comes to finding the best deals on a wide range of items.
For Dollar Tree, Inc., owning both Dollar Tree and Dollar General can also be beneficial. By offering two separate chains with different product offerings, the company can appeal to a wider range of shoppers and increase its overall market share. Additionally, owning two successful discount retailers can provide a level of stability and financial security for the company.
Conclusion
Although they may seem like competitors, Dollar Tree and Dollar General are actually owned by the same company, Dollar Tree, Inc. This relationship allows the company to offer a wider range of products and keep prices low for shoppers. Whether you prefer Dollar Tree's focus on party supplies and other non-essential items or Dollar General's wider range of groceries and household items, both stores offer great bargains for budget-conscious shoppers.