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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 is another chain with steeply discounted prices – everything in the store is $1. It’s not unreasonable to ask, does Walmart own Dollar Tree? Below is the information you need.
Is Walmart going to have a Dollar Tree in 2022?
Walmart doesn’t own Dollar Tree in 2022. Dollar Tree instead is an independent company which has bought numerous local and national rivals over the years including Family Dollar, Dollar Bill$ and Dollar Bill$. Walmart is not planning to buy Dollar Tree.
What is the Dollar Tree Worth?
Dollar Tree, Inc. is the parent company of Dollar Tree, Inc., a public-traded retail chain offering steep discounts.
Founded in Norfolk, VA, by K.R. Perry. Dollar Tree was originally known as “Only $1.00” from 1986 to 1993. Dollar Tree’s current CEO is Mike Witynski. He previously held the position of COO.
Dollar Tree, Inc., has become the parent firm of Family Dollar, following its victory over Dollar General.
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.
Walmart and Dollar Tree: Are they competitors?
Walmart and Dollar Tree are competing for the shares of the market. However, the stores both know their target customers.
Walmart’s most popular customer is a Gen X white women with a household net worth around $75,000
The Dollar Tree target audience is lower-income; a little less than half of their shoppers earn a household income of about $25,000.
I would argue, however, that Dollar Tree is seeing or will shortly start to see a burgeoning Millennial-woman-with-disposable-income market.
That segment, bolstered by social media apps like Instagram and TikTok, flocks to Dollar Tree for their low price-points on DIY-friendly goods.
Although you could make craft like these using Walmart products, Dollar Tree is a great alternative to Walmart since everything costs only $1.
What items do both Walmart and Dollar Tree offer?
Although there is some overlap between Walmart products and Dollar Tree products it’s mainly in the product types. Not brand selections or brands.
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 sells all of the top name brands along with its own private label goods. Dollar Tree only carries generic-label goods but occasionally carries name brands.
Walmart Supercenters have a huge warehouse feel and can carry almost 100 types of any product. Dollar Tree has only one or two.
Walmart and Dollar Tree Stores Comparable?
Walmart and Dollar Tree have very different layouts.
Dollar Tree shops can vary in size, from as little as 8,000 feet to as big as 12,000 square feet.
This is stark contrast with Walmart Supercenters where the average square footage of a Supercenter is 180,000 feet.
Walmart stores need their own parcel of land. Dollar Trees will fit in smaller malls or mini-malls.
However, you might find them both within reach as they each seek out high-traffic places.
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.
Walmart may have thought that Dollar Tree was owned by Walmart, and it is easy to understand why. However, the second-largest retail chain worldwide has no official, legal, or business relationship with Dollar Tree.
Although the discount niche is dominated by the same two, their target audiences are very different. Both seem happy to continue to follow their paths.
.Does Walmart Own Dollar Tree In 2022? (Not What You Think)