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Executive summary The Dollar tree Inc company is a leading global operator of discount variety stores which offers a merchandise at a fixed price of a dollar in both United States and Canada.
Therefore it can be comprehensively described as a customer-oriented, value-driven store which operates at a one dollar price point. Currently, their headquarters is located in Chesapeake.
The company has indeed indicated a massive growth in the recent years and Tree research papers a result it actually opened some branches in various parts in United States and Canada as well. In connection with this as ofthere were 3, Dollar Stores in 48 states of America. Due to its unique specialization which is the below dollar products, the company has been able to survive in a competitive environment and as a result the number of stores operating in United States has increased tremendously to approximately 2, in addition the existing ones.
This has been brought about by the increased market in which the advancement in information technology has indeed played a very significant role. One of the main characteristics of the industry in which these companies operate is that the firms compete on utmost cost rather than quality.
As a result, Dollar Tree has emerged to be in frontline as far as the affordability cost of its merchandise is concerned. More importantly, the recent statistics indicates that the discount variety industry is currently growing at a rate of 2. This is a clear indication that the company is substantially increasing its market share not only in America but also in Canada.
As far is the discount variety industry is concerned, it is evident that, due to increased number of companies in the industry, there has been a growing rivalry among both the existing and the emerging companies. This is mainly due of the threat of substitute products which are very high in this particular industry.
However, a part from the increased competition, some of the firms in the industry have indeed developed customer loyalty like the Dollar Tree Company. Although the industry trades with undifferentiated products, similar products have been indeed yielding switching costs which to some extend increases the threat of substitutes of products.
Dollar Tree company offers a selection of everyday basic products and also supplements these basic, everyday items with seasonal, closeout and promotional merchandise. Part of equity interests was also sold to SKM Partners which is a private equity firm. In the year Dollar Tree did its initial center of distribution as well as new store Support center.
Since then, the company has been marked by a massive growth in its market share as well as internal development.
Furthermore, in the company celebrated the opening of its ths store in the United States. It is now evident that, the company has a successful history, which is not only marked by a massive development by also a substantial extension of its market to other countries Plunkett, Major CEOs The success of any business majorly depends on the kind of management as well as leadership style.
In this regard, Dollar Tree have been managed by great Chief Executives who have indeed committed them in fostering transformative change in the company. Their invaluable effort have been of great benefit to the company, especially during the hard economic times like the depression time.
He has good management skills and invaluable expertise in the field of management. As a matter of fact, he has indeed served in a number of senior level positions where he has gained a substantial expertise in merchandising, supply chain, organization development and technology Reuters.
His contemporary mission is to work hand in hand with the customers so as to enhance customer loyalty.
In terms of expertise and academic prowess, it is a factual matter that Dollar Tree has one of the best CEO as far as Retail variety industry is concerned. According to the mission statement, the store operates profitably, and empowers its associates so that they can share in its opportunities and the utmost successes.
The store also believes in dealing with others in an honest and considerate way. The company mission is formulated in such a manner that it is consistent with the measured and profitable growth.Paper is a thin material produced by pressing together moist fibres of cellulose pulp derived from wood, rags or grasses, and drying them into flexible urbanagricultureinitiative.com is a versatile material with many uses, including writing, printing, packaging, cleaning, and a number of industrial and construction processes..
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