Profile: Dollar Tree Inc. (DLTR.O)

Dollar Tree, Inc. (Dollar Tree), formerly Dollar Tree Stores, Inc., is an operator of discount variety stores offering merchandise at the fixed price of one dollar. At January 31, 2009, the Company operated 3,591 discount variety retail stores in 48 states. Approximately 3,450 of these stores sell substantially all items for one dollar or less. The remaining stores, operating as Deal$, sell most items for one dollar or less but also sell items for more than one dollar. Dollar Tree’s stores operate under the names of Dollar Tree, Deal$ and Dollar Bills.

The Company’s store is between 8,000 and 10,000 selling square feet. Dollar Tree maintains a balanced selection of products within traditional variety store categories. It offers a selection of everyday basic products, and it supplements these basic, everyday items with seasonal and closeout merchandise. The Company’s merchandise mix consists of consumable merchandise, which includes candy and food, basic health and beauty care, and household consumables, such as paper, plastics and household chemicals, and in select stores, frozen and refrigerated food; variety merchandise, which includes toys, durable house wares, gifts, fashion health and beauty care, party goods, greeting cards, apparel and other items, and seasonal goods, which include Easter, Halloween and Christmas merchandise, along with summer toys and lawn and garden merchandise. As of January 31, 2009, it had freezers and coolers in approximately 1,200 of its stores.

At any point in time, the Company carries approximately 5,000 items in its stores, and during the fiscal year ended January 31, 2009 (fiscal 2009), approximately 1,300 of the basic, everyday items were on automatic replenishment. The remaining items are primarily ordered by its store managers on a weekly basis. The Company's headquarters and one of its distribution centers are located in Chesapeake, Virginia. The Company also operates distribution centers in Mississippi, Illinois, California, Pennsylvania, Georgia, Oklahoma, Utah and Washington. Approximately 40% to 45% of the Company's merchandise is imported, primarily from China.