The Total retail space of Dollar Tree Inc in United States of America reached 119,078.36 Sq. Ft. in 2020
The indicator recorded a historical growth (CAGR) of 1.50% between 2017 to 2020
Apparel retail in the United States
The apparel retail market includes baby clothing, toddler clothing and casual wear, essentials, formalwear, formalwear-occasion, and outerwear for men, women, boys and girls; excludes sports-specific clothing.
The US apparel retail market experienced moderate growth during the historic period, with the exception in the year 2020 when it declined by a significant share. The market is expected to recover and achieve strong growth in 2021. Increased consumer confidence translates into better domestic consumption, which has historically driven apparel retail sales in the country.
Impact of COVID-19
The US market declined by a significant share in 2020 due to lockdown measures which was introduced to inhibit the spread of COVID-19. With lockdown measures implemented throughout the year meaning all non-essential travel was prohibited, apparel retail was one of the worst hit retail sectors in 2020. As more consumers stayed at home, the demand for new clothing was not present. As a result, the pandemic has adversely affected the apparel market and led several retailers and brands to file for bankruptcy, speeding up the shakeout of the weakest who were already struggling because of over-expansion, high debts and lack of relevance to changing demand.
Company overview
Dollar Tree Inc (Dollar Tree) operates discount variety stores through major brands: Dollar Tree and Family Dollar. The company offers candy and foods, household products, hardware, and automotive supplies, pet food and supplies, apparel and accessories, party supplies, health and beauty, stationery and school, toys and craft goods, home decor, seasonal and holiday products. These products are marketed under various brand names including Dollar Tree, Dollar Tree Canada, Family Dollar, Dollar Giant, Everything's A Dollar, and Dollar Bill$, among others. The company’s operations are spread across the US and Canada. Dollar Tree is headquartered in Chesapeake, Virginia, the US.
Products & Services
Dollar Tree operates discount variety stores in the US. The company’s major products, brands and services include the following:
Products:
Brands:
Services:
Corporate Strategy
Dollar Tree’s key element of the strategy is aiming to provide a satisfying experience to consumers through new stores, maintaining a flexible sourcing merchandise model that allows a variety of products to be sold, growing and improving brands, expanding geographic footprint, maintaining customer relevance through new merchandise categories and initiatives, leveraging the complementary merchandise, and maintaining a prudent approach with the use of capital for the benefit of our shareholders.
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