Does Walmart Owns Dollar Tree?
Walmart has made a number of acquisitions in the past, including Asda, Jet.com, Flipkart, Moosejaw, and Bonobos. However, Dollar Tree is not one of these acquisitions. This is because Dollar Tree is a publicly-traded company and Walmart does not own it outright. ..
Companies Walmart do Own
Walmart started as a small store in 1945, and quickly grew into one of the largest retail companies in the world. Sam Walton started the first Walmart discount city store in Arkansas in 1963, and later bought other stores from other retailers. In 1999, they started investing and buying other companies, such as UK-based Asda for US$10 billion. In 2010, they acquired video streaming company Vudu for $100 million.
In 2013, major stakes in Kenyan supermarket chain “Naivas” were brought and e-commerce website jet.com in 2016. In 2017, Walmart acquired “Moosejaw”, “Bonobos”, and “parcel”. Next year they brought a 77% controlling stake in the biggest online retailer in India, Flipkart. Lastly, they acquired “Aspectiva” in 2019 and “Zeekit startup” in 2021. However, as of 2022 May they have not acquired any stocks of Dollar Tree. ..
What is a Dollar Tree?
Dollar Tree was started in Virginia in 1953 as a “ben Franklin variety store” which later became K&K. In 1986 Dough Perry, Macon Brock, and Ray Compton started the first “only $1.00” store. Later they sold K&K and decided to concentrate on only $1.00 stores. It was this business, based on the idea of “Everything’s a dollar”, later became “Dollar Tree”. Dollar Tree acquired many companies and stores including Dollar Bill$, Inc., 98-cent clearance centers, Only $One, Dollar Express, Dollar Giant Stores, and lastly Family Dollar. ..
Who owns Dollar Tree?
In 1993, Dollar Tree, Inc. sold its part equity interest in the company to March. Later that year, they went public on the NASDAQ exchange and started trading stocks for $15 a share. 330 stores of Dollar Tree were sold to a private company “Sycamore Partners” in 2015. Currently, Dollar Tree is a publicly-traded company whose parent company is Dollar Tree, Inc. itself. 53.80% of their stocks are owned by mutual fund holders and 5.14% holds by individual stakeholders.
The Vanguard Group, Inc. is the major shareholder of Dollar Tree. The BlackRock Fund advisor is also a major shareholder of Dollar Tree. Walmart, Inc. is not on the list of shareholders.
What makes each different?
Walmart is a large, family-owned retailer with a focus on buying items for everyday use. Dollar Tree, on the other hand, is a small, independent store that specializes in selling items such as toys and home goods. Walmart has been known for its low prices and wide selection of products while Dollar Tree has been known for its high prices and limited selection.
Basically, dollar tree is a chain of discount variety stores where a huge discounted price is available. Walmart is a retail corporation chain that operates hypermarkets, department stores, grocery stores, etc. Retail stores like Walmart and target are considered one-stop for weekly purchases, and dollar stores are considered fill-in shopping stores for the weekday necessities. Dollar stores would be there on each corner, even in small spaces like mini-malls, strip malls, shopping centers, etc. But mostly Walmart owns their plot since they need much more space for their warehouse-style stores. Most dollar stores are 8000 – 12000 sq ft., whereas Walmart stores would be an average of 180000 sq ft. In Dollar tree, you can find a variety of products but may not have a variety of options for each product. But Walmart offers a lot of options for each product. Dollar store sells products of national brands or generic label goods, while Walmart includes major brand products and even has some private-label goods also. For huge discounts on products dollar stores mostly sell less quantity or quality products, mostly in smaller portions. But in Walmart you can find products of good quality and quantity, but at a normal price. ..
Conclusion
Walmart is a retail store selling general merchandise. It is larger than Dollar Tree, but it is not owned by Walmart. The Walton family has a lot of companies that they have acquired, but they haven’t invested in Dollar Tree yet. Dollar Tree is a publicly-traded company with a large part of its shares owned by institutional investors such as The Vanguard Group, Inc., Nomura Securities Co. Ltd., etc.
Walmart is not a competitor of Dollar Tree.
Walmart is a major competitor of Dollar Tree. They are both structurally different, but the main difference between them is that Walmart focuses more on low-cost items while Dollar Tree does not.
Walmart, Inc. is a publicly traded company with shareholders. ..
The Walton family, which owns a majority of Walmart’s shares, is made up of both institutional and individual Walton family members. The institutional shares are owned by the Walton family trust, while individual Walton family members own 35% of the company’s shares. Robson Walton, the largest individual shareholder with 0.09% of Walmart’s shares, is also from the Walton family. Other major shareholders include The Vanguard Group (4.9%), Wal-Mart Stores Inc. (3.5%), and Sam’s Club (1%). ..
