The Dollar Tree Headquarters is located at 500 Volvo Parkway, Chesapeake, Virginia 23320, United States. The headquarters serves as the epicenter of the company’s operations, with a focus on managing its brands and ensuring the organization’s mission and values are upheld.
The Dollar Tree Headquarters is located at 500 Volvo Parkway, Chesapeake, Virginia 23320, United States. It was established in 1986 and serves as the main hub for the company’s operations, management, and corporate leadership.
A Brief History of Dollar Tree
Dollar Tree’s history dates back to 1953 when K.R. Perry opened a Ben Franklin variety store in Norfolk, Virginia, later renamed K&K 5&10. In 1970, K.R. Perry, Doug Perry, and Macon Brock started K&K Toys in Norfolk, Virginia, which grew to over 130 stores on the East Coast. In 1986, Macon Brock, Doug Perry, and Ray Compton started Only $1.00 with five stores, one in Georgia, one in Tennessee, and three in Virginia. The company focused exclusively on the expansion of dollar stores after selling K&K stores to KB Toys, owned by Melville Corporation. In 1993, the company changed its name to Dollar Tree Stores, Inc., and Macon Brock Jr. was named CEO.
The Establishment of Dollar Tree Headquarters
The Dollar Tree Headquarters was established in 1986 by J. Douglas Perry and Macon F. Brock, Jr. in Chesapeake, Virginia. Over the years, the headquarters has undergone significant expansion, including a $110 million expansion in the Greenbrier area of Chesapeake, making it the tallest tower in the city. This 13-story building has 325,000 square feet of Class A office space and added 600 high-paying jobs to the Hampton Roads Area.
Corporate Leadership at Dollar Tree Headquarters
The current CEO of Dollar Tree is Rick Dreiling, who was appointed to the role in January 2023. He also serves as the Chairman of the company. The executive team at Dollar Tree Headquarters includes Jennifer Bohaty, Chief Compliance Officer; Terence Goods, Chief Diversity Officer; Jennifer Silberman, Chief Sustainability Officer; and Kristin Tetreault, Chief Communications Officer.
Impact on the Local Community and Economy
The Dollar Tree Headquarters has a mixed impact on its local community and economy. On the positive side, it offers various career opportunities, contributes to corporate giving, and supports local nonprofit organizations. However, it has also faced criticism for job losses and potential economic distress in communities.
Notable Milestones and Events
Several notable milestones and events have occurred at the Dollar Tree Headquarters, including the company’s founding in 1986, its public listing in 1995, and various acquisitions that have shaped its growth. In 2020, the Dollar Tree Headquarters Support Center received a Merit Award for Best Commercial/Office/Retail Building from the Hampton Roads Association for Commercial Real Estate.
In conclusion, the Dollar Tree Headquarters serves as a significant hub for the company’s operations, contributing to its growth and expansion while also playing a vital role in the local economy and community of Chesapeake, Virginia.
Frequently Asked Questions
What kind of products does Dollar Tree sell?
Dollar Tree offers a broad range of products, including housewares, seasonal decor, food and snacks, health and beauty care products, toys, party supplies, books, craft supplies, and more. All items are priced at $1 or less.
How can I contact Dollar Tree Headquarters?
You can contact Dollar Tree Headquarters by mailing them at 500 Volvo Parkway, Chesapeake, Virginia 23320, United States. Alternatively, you can call them at (757) 321-5000.
Does Dollar Tree have any other offices apart from the headquarters?
Yes, Dollar Tree operates numerous distribution centers across the United States and Canada, in addition to its headquarters in Chesapeake, Virginia.
Who are the major competitors of Dollar Tree?
Major competitors of Dollar Tree include other discount retail chains such as Walmart, Target, and Dollar General.
Is Dollar Tree a public or a private company?
Dollar Tree is a public company. It was listed on the NASDAQ stock exchange in 1995 and currently trades under the ticker symbol ‘DLTR’.