THE top boss of an iconic discount chain has spoken out on its store expansion in recent months and plans going forward.
At Dollar Tree’s first quarter 2025 earnings call on Wednesday, the CEO revealed that the chain’s footprint will continue to grow following its recent opening of 148 spots.
Dollar Tree is one of the largest retailers in the US, raking in a whopping $4.6 billion in net sales in the first quarter.
The beloved discount chain has no plans of slowing down soon, company CEO Michael Creedon shared at a Dollar Tree earnings call on Wednesday morning.
The chain opened its 9,000th store in North America in Plano, Texas, according to Creedon, celebrated with a ribbon-cutting ceremony and $20 Dollar Tree gift cards for the first 100 shoppers.
The grand opening on May 15 marked a huge step for the company, with more store openings on the horizon.
“As excited as we are to reach this milestone, we’re just as excited about the growth runway ahead of us,” said Creedon.
The top executive also revealed that 148 new Dollar Tree stores were opened across the US in the first quarter of 2025.
Beyond its namesake stores, Dollar Tree also owns the Dollar Tree Canada and Family Dollar brands.
Across all three brands, which operate in all 48 contiguous states and five Canadian provinces, there are over 16,000 stores.
Dollar Tree is focusing a significant portion of its efforts on its namesake locations, including improving store conditions and expanding the assortment, said Creedon.
One of the company’s biggest initiatives is expanding its 3.0 model, which offers products at $1.25, $3, $5, and $7 price points.
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