Does Walmart Own Dollar Tree In 2022? (Not What You Think)
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Formerly |
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Type |
Public |
ISIN |
US9311421039 |
Industry |
Retail |
Founded |
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Founder |
Sam Walton |
Headquarters |
,
U.S.
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Number of locations
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10,593 stores worldwide (January 31, 2022) [2] [3] |
Area served
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Worldwide |
Key people
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Products |
Supermarket , Hypermarket , Superstore , Convenience shop |
Services | |
Revenue |
US$ 559.2 billion (2020) [4] |
US$22.55 billion (2020) [4] |
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US$13.70 billion (2020) [4] |
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Total assets |
US$252.5 billion (2020) [4] |
Total equity |
US$87.53 billion (2020) [4] |
Owner |
Walton family (50.85%) [5] |
Number of employees
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2,300,000 (Jan. 2021) [4] U.S.: 1,600,000 |
Divisions |
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Subsidiaries |
List of subsidiaries |
Website |
walmart.com |
Footnotes / references [6] [7] [8] |
Walmart is home to a wide range of subsidiaries.
Dollar Tree, another chain that offers steeply discounted prices is also available – all items in Dollar Tree are $1. Walmart is not likely to own Dollar Tree. Here is the answer you seek below.
Walmart to Own Dollar Tree 2022
As of 2022, Dollar Tree is not owned by Walmart. Instead, Dollar Tree is a self-owned company that itself has acquired numerous national and regional competitors over the years, including Family Dollar and Dollar Bill$. Walmart is not planning to buy Dollar Tree.
Who Owns Dollar Tree?
Dollar Tree, Inc., owns Dollar Tree, Inc., which is a publicly traded, steep-discount retail store chain.
K.R. Perry. Dollar Tree, originally called Only $1.00, was founded in Norfolk, VA by K.R.
Dollar Tree, Inc., is the parent company to Family Dollar, having defeated Dollar General in 2014.
Dollar General placed a bid of $9.7 billion, against Dollar Tree’s $9.2 billion; however, the board of Family Dollar decided to proceed with Dollar Tree’s deal.
What items do both Walmart and Dollar Tree offer?
Walmart and Dollar Tree product lines have many similarities, although not in terms of brand or choice.
Both stores sell home goods and party supplies as well as snacks, pantry staples, fridge/freezer products, baby goods, kitchen equipment, cleaning materials, and beauty supplies.
Walmart, however, carries the most popular name brands as well as private-label products. Dollar Tree, on the other hand, carries generic-label items and occasionally name brands.
Walmart Supercenters are known for carrying 100 different types of products, while Dollar Tree will have only a few.
Walmart and Dollar Tree Stores – Are they Similar?
Walmart and Dollar Tree are very different in terms of size and layout.
A typical Dollar Tree store can be as small as 8,000 square feet or as large as 12,000.
This is in stark contrast to Walmart Supercenters, which average 180,000 square feet.
Walmart stores usually need their own piece of land. Dollar Trees are able to fit into smaller shopping malls like mini-malls or strip malls.
Because they seek high traffic locations, it is not unusual to see them within close proximity.
Walmart’s other related posts can be viewed here: Walmart’s purchase of Lowe’s; Walmart’s acquisition of Walgreens; Walmart’s take on Home Depot.
If you thought Walmart owned Dollar Tree it’s not difficult to see why, but the largest retail chain in the world does not have any official, legal or business connection to Dollar Tree.
Although technically the two companies are competitors in discounting, they have very different audiences and seem perfectly happy to keep their ways.
.Does Walmart Own Dollar Tree In 2022? (Not What You Think)