Here we will see about the Dollar Tree Competitors
Dollar Tree is a leading discount variety company that has served North America for decades. It has its headquarter in Virginia, and operates over 15,000 stores across the 48 contiguous states and five Canadian provinces.
Dollar Tree was founded in 1986 by Macon F. Brock, Jr and has a revenue of over 25 billion dollars as at January 2021. It has subsidiaries such as Family dollar and Greenbrier international.
It is expected for a long lasting and successful company such as Dollar tree to experience the sudden rise of competitors in the industry. Let’s dive into them briefly!
Dollar Tree Competitors
There are a number of companies that sell almost everything a person needs, ranging from groceries, clothing, medical products to home appliances and gadgets. Such companies are 99 cents only stores, Walmart, Target, Dollar General, Family Dollar (which is a subsidiary of Dollar general), Lidl, BJ’s Wholesale, Costco and a few others.
i. Family Dollar
Founded in 1959 by Leon Levine – Family Dollar became a subsidiary of Dollar Tree when it was bought for 8.5 billion dollars in July 2014. The company sells products such as Cleaning supplies, toys, clothing, home decorations and groceries.
Family Dollar has more than 7,800 stores across 46 states in the United States, and Family Dollar had $25.51 billion in revenue.
ii. 99 Cents Only Stores
As the name implies, this company sells products for 99 cents or less. This makes them a big competitor to Dollar tree. It’s based in California and was founded by Dave Gold in 1982. It also has more than 14000 stores in Texas, Arizona and Nevada and has a revenue of over 27 billion dollars. 99 cents only stores sell retail various merchandise such as accessories, groceries, beauty products, health products and pet care.
iii. Walmart
Walmart is a multinational retail company based in Arkansas, United States and has 10,566 stores and clubs in 24 countries, operating under 48 different names. Walmart was founded by Sam Walton in 1962. It has a revenue of 559 billion dollars in October 2021. Walmart stores sell discounted products such as household supplies, groceries, clothing, cleaning products and pet supplies.
iv. Target
This is an American retail company with over 18,000 stores in the country. Founded in 1902 by George Dayton at Minnesota
Target sells products such as electronics, jewelries, beauty and health, toys, furniture and games. With total revenue of 99.6 billion dollars in 2021, Target is one of the most popular retail stores in the United States.
v. Dollar General
Dollar General is an American retail corporation founded by James Luther Turner and Carl Turner in 1939. It is headquartered in Tennessee and has over 18,000 stores in the United States. Dollar General sells beauty and health products, groceries, cleaning supplies, toys, and many more.
Dollar General has a revenue of over 27 billion dollars and has continued to be a popular discounted store.
vi. Lidl
Lidl is an e-commerce store that also operates over 11,000 stores in Europe and the United States. It was founded and headquartered in Germany with a revenue of 57 billion Euros.
Lidl has continued to spread its wings over the years and sells low priced products such as fresh food, toys, games, accessories and groceries.
vii. BJ’s Wholesale
BJ’s Wholesale Club sells products such as home appliances, Groceries, pet supplies and Electronics. This is an American warehouse club that is strictly for it’s members. BJ’s Wholesale was founded in 1984 in Massachusetts and has a revenue of over 15 billion dollars.
BJ’s Wholesale sells electronics, jewelry, sport products, groceries, toys, beauty products and many other basic things that people need.
viii. Costco
Costco is a wholesale retail company that sells consumer goods like electronics, toys, groceries, clothes, cleaning supplies, gifts, shoes, and appliances.
Costco competes with Dollar Tree as it helps consumers who are seeking low priced wholesale goods.
With over $122 billion in revenue and 571 warehouse locations in America, Costco continues to generate more customers.
Big Lots
Big Lots sells products such as toys, games, electronics, furniture, household appliances, and other consumer goods.
Big Lots has about 1,400 stores and it has made over $5.32 billion in revenue, which makes it one of the biggest competitors of Dollar Tree.
ix. Five Below
This is a discount store company that sells items under five dollars including electronics, household supplies, beverages, cleaning supplies, games and many more. Its services are aimed at teens and tweens.
Five Below has more than a thousand stores in the United States and has made well over 1 billion dollars in revenue.
Conclusions
Dollar Tree is a highly successful company with loyal consumers for decades. M any others like Dollar Tree have risen in a comparable success rate. There are more than thirty thousand of these discount stores meeting the needs of people at affordable prices. These companies have grown to become one of the major structures for societal growth.
Family Dollar, Dollar General and Walmart are a few of the top competitors to Dollar Tree and are some of the most famous discount retail stores in America.
Five Below and 99 Cents Only Stores are also big competitors to Dollar Tree because of the cheap prices of merchandise available.
Wholesale retailers like BJ’s Wholesale and Costco serve consumers that seek to get a better cost on products by buying in bulk.
