They finally reveal who the real owners of Dollar Tree in America are

In the United States, the history of commerce is full of examples, such as the beginning of Dollar Tree, that changed entire industries. Many businesses started with a single store, serving local communities. Over time, some of those concepts grew to have a national impact.

The protagonists of these transformations are usually persistent entrepreneurs with a strong sense of opportunity. Their ability to adapt has defined the direction of the retail market. Thanks to them, there are brands today that are part of the daily lives of millions of people.

An Evolution That Began With a Local Store in the United States

In 1953, KR Perry opened a variety store called Ben Franklin in Norfolk, Virginia, which later evolved into K&K 5&10. That store was the beginning of a story of unexpected growth. Later on, together with Macon Brock and Doug Perry, they created K&K Toys, a new concept in shopping malls.

Years later, they decided to sell K&K Toys and redirect their efforts to a more direct store model. In 1986, they founded Only US$1.00, a simple but effective concept that quickly gained strength. This chain kept growing in several states, until it became established as a national brand.

In 1994, Only US$1.00 changed its name to Dollar Tree and went public with a market capitalization of US$225 million. It was a decisive step that accelerated its expansion. The format attracted both consumers and investors, positioning the company as a benchmark.

Dollar Tree: From Local Entrepreneurship to Continental Dominance

A key point in its history came in 2015, when Dollar Tree acquired Family Dollar. This merger made it one of the largest discount chains in America. Today, it operates more than 15,000 stores across the United States and Canada.

KR Perry, born in Norfolk in 1938, was one of the minds behind the model that revolutionized budget retail. The company also owes its success to the vision of its founders and their ability to adapt. Currently, Dollar Tree is part of the prestigious Fortune 500 list.

Its combination of value, proximity, and variety remains irresistible for millions of families. More than a profitable business, Dollar Tree represents a promise of accessibility. Now, at last, we know who is behind that promise made reality.