Dollar Tree Research Paper

In 1950, Sam Walton purchased a store and opened Walton’s 5 & 10 in Bentonville, Arkansas. This later became the home office of the now multi-billion dollar company. As business became more successful, Walton opened more stores and renamed the chain “Wal-mart.” Now, Walmart has stores all around the globe, with 5,229 stores in the US alone. It is considered the largest retail company in the world.

The Canadian business comparison report comprises of the companies details and also the comparison between a Canadian local business and Indian local business. For this report I have chosen Canada’s Dollarama and India’s D-Mart as both company have same target market. Dollarama is Canada’s leading dollar store with 900 locations across Canada. Larry Rossy, a third generation retailer, founded the company in 1992. The first Dollarama store opened in April 1992, in a shopping center "Les promenades du St-Laurent" in Matane, Quebec. The products sold are in single or multiple pieces at selected price point of not more than $3. The company aims to provide customers with a consistent

The daily routine at Dollar Tree Inc. is very basic and is usually minimally manned. Problems such as stray items, wrong inventory and cash drawer mismatch arise due to employees not having the proper training.

Brother Money called the meeting to order at 2:15 pm. He introduced the two CMPD Officers (Officer M. Deal #0701 and Officer J. Mullis #2138) The Officers talked about the motorcycle laws (General Statue 20-158 Law) The two Officers talked about the amount of time that you had to wait at a stop light before turning on a red light. Three minutes is the time limit if all was clear and no one is in the crosswalk. Brother Money informed the Brothers that Road Captains pulling out in front of traffic was impeding the flow of traffic. The two Officers reinforced what Brother Money was saying. Brother Money talked about the confusion with the Law and people not understanding rules. Officer Mullis talked about our rights as a Club. Brother

The first Target store was opened in Roseville, Minnesota in 1962. The company began its’ path towards development in 1902 by George Draper Dayton. Dayton was a partner in Goodfellow’s Dry goods Company in Minneapolis, Minnesota. He quickly bought out his partners and became the founder of Dayton Dry Goods Company. In 1968, Dayton acquired the JL Hudson department store thereby changing his founding name to Dayton Hudson Corporation.

The phrase "cracker barrel" refers to the simple and rustic informality that was a characteristic of the conversations and country stores they took place in. Step into a time machine and visit the first Cracker Barrel on Highway 109 in Lebanon, Tennessee in 1969 by Dan Evins. He appropriated $40,000 to build that first Cracker Barrel. Evins asked a couple who ran a local antiques store, to help him enhance the space in the design of an old country store.

I will never forget when I brought some of the residents of the group home coloring books, crayons, stickers and a couple other things from Dollar Tree. They were so happy. One of them kept saying: This is for me Ms. Ashley? You got this for me? It's crazy how a $1 coloring book&stickers can make someone so happy. They didn't care that the crayons would probably break as soon as they used them. That the stickers probably didn't even stick. It was the fact that someone actually thought about them enough to buy them something. I have to admit there are days I want to call off and stay in my bed. But then I think to myself, I have someone depending on me to be there to take care of them. How would I want to be treated if I was them? How would

If we analyze Dollar Store, we will see that it has established over 140 stores across Canada since its inception in 1998. As it has been considerably increasing its market reach across Canada; they are considered a direct competitor to Dollarama. On the other hand, Great Canadian Dollar stores are extending their reach in eastern Canada. Additionally, they are very present in the community by offering both charitable and communal support. At last, Dollar Tree is a growing chain of discounted retail stores in the United States. It operates over 4400 retail stores in 48 states of the US and in Canada. Thus, they are ready to expand their customer base into Canada. Also, Dollar Tree offers a much broader range of products compared to Dollarama, for example frozen foods and dairy items. As such, there is a very high competition in the discounted retail stores industry. However, in such a high competitive environment, Dollarama is still able to open over 150 stores in the past four years only. Also, considering their stock trend, their share price had increased from 25$ to 56.90$ per share in only one year. That represents a growth of 128% in a single year. We can conclude that their shares are in demand in our current market environment. Thus, we can assess that they are very well positioned in today’s competitive environment.

According to Gibbens, Robert. The Gazette, he states that, past 20 years Dollarama Inc. and chief architect have built 721 unit of national retail chain exceeding $4 billion market value from a small discount store in Matane in Quebec’s Gaspe region. As per the article Rossy open his first store in Montreal in 1992 and was the head buyer besides being the chief executive. “Rossy also innovated on the buying side, cutting deals with the manufacturers, not the distributors that most retailers deal with. He scouted out competitive retailers for items worth $5 and $10 that his suppliers could copy for him to sell for a Lonnie. This enabled Dollarama to offer higher-quality $1 merchandise than most of its competitors, while offering a

The internal analysis is very important in a company. Just like the external analysis, both of these analysis help to determine strategies. The Internal analysis involves the strengths, weaknesses, opportunity and threats of a company (Pearson, 2014). Dollar Tree has many strengths but they also have some weakness too. If Dollar Tree would use the data that they have from their internal analysis they could turn a lot of their weakness into strengths. But we will talk about their weaknesses later. The more strength a company has the better. One of Dollar Tree’s strengths would be that they acquired Family Dollar in 2015. This is a huge strength for Dollar Tree. Dollar Tree has many opportunities to overtake the dollar store market. They only need to keep inquiring their competitor’s stores. Strength for Dollar Tree is their strong financial performance. They are the largest dollar store in the market. Dollar Tree has a $15.5B Annual net sale that grew to 80.2% in 2015 and exceeded $15 billion for the first time in Company history. Now to Dollar Tree’s weaknesses, this would be their low inventory turnover ratio. In 2016, Dollar Tree reported that their inventory turnover ratio was 3.8 (Canadean, 2016). This is a high number. This is saying that they have more than enough of inventory in store that is not being bought by their customers. This is really money that is setting in their warehouse or stockroom and it just sitting and is not being used. This is bad for Dollar Tree.

The Dollar Tree Cooperation provides inbound, import, domestic transportation and outbound transportation services to 48 locations in the United States and five locations in Canada (Dollar Tree Inc., 2014). Using 10 distribution centers, the Dollar Tree is

The Dollar Tree brand of stores has been around since 1986, when Douglas Perry, Macon Brock, and Ray Compton founded the chain as a compliment to their other business, K & K Toys (Parnell, 2014). Through the years, Dollar Tree has acquired several different dollar store and low-end retail chains to grow their business to over 4000 stores (Shetty, 2010). One of the first and most strategic moves that the company made was to shift away from carrying closeout merchandise and to become more of a traditional variety store with a wide variety of basic goods all priced at a dollar or less. To accomplish this change, the chain had to discontinue their current purchasing strategies and had to begin buying directly from manufacturers to change the type of merchandise that they had available for consumers. The second major strategic move involved changing the location of where stores are usually located. Up until this point, the stores had been being in enclosed malls. With this change,

Dollar  Tree  Logis-cs  and   Distribu-on  Center  Decision   Dollar   Tree   •  Main  merchandises:   –  $1     –  Consumable  merchandise:  candy,  food,  health  and   beauty  care,  house  wares  (paper,  plas-cs,  chemicals)   –  Variety  merchandise:  toys,  durable  house  wares,   giCs,  party  goods,  gree-ng  cards   –  Seasonal  goods:  Easter  baskets,  summer  toys,  lawn   and  garden  equipments,  Halloween  and  Christmas   goods   40%  imports,  7%  closeout  items,  rest  domes-c  vendors   Dollar  Tree—Opera-ons  Competency   •  What  are  the  opera-onal  priori-es?   • 

The Dollar General is an American wholesale company that was first initiated in Scottsville, Tennessee by Turner and Cal Turner. Its headquarters are located in Goodlettsville, Tennessee. The mission statement of the Dollar General is "Serving Others." This mission statement helps to bring out the innate requests and intentions of the company in the United States of America and other countries in the world. The company has a vision that describes how it manages to cater for four different types of people. These four groups of people include the customers, the community, employees, and shareholders. Within these categories of people, Dollar General aspires to serve others through deliver of price quality and terrific prices for customers, opportunity, and respect for employees, a superior return for shareholders and a better life for the communities.

The respect and care Dollar General gives to the customers and employees comes back to benefit them in their revenue. Dollar General gives the customer a cheap reliable product and distributes it through stores that are local and convenient; convenience and price is where they win. At Dollar General they research and battle daily to provide the cheapest prices in the business at our stores. Not only are the prices cheap, but they are made easy for the customers when shopping. Customers can find the prices of all the products in even increments. This makes it easy for the customers when adding up totals and figuring out taxes. Another convenient aspect of our stores is the size. On average a Dollar General store will be about 6,900 square feet. This allows the customer to get in and out of the store as quickly possible and get on with their day. In fact the average shopper at Dollar General will have completed their shopping, paid, and out the store within 10-20 minutes. This can be compared to a customer going into Wal-Mart shopping for the same goods would spend around 55 minutes in the store. Our last strength would be the products. Dollar General is designed