As the largest retailer in the world, Walmart is often associated with a variety of different stores and brands. One of these is Dollar Tree, a popular discount store chain.
So, does Walmart own Dollar Tree?
The short answer is no, Walmart does not own Dollar Tree. However, the two companies are closely related.
Walmart used to own a majority stake in Dollar Tree, but it sold its shares in 2015. Even though Walmart is no longer a majority shareholder, it still owns a small minority stake in the company.
Dollar Tree is just one of many discount store chains that have been popularized in recent years. Others include Dollar General and Family Dollar.
These stores offer low-priced items, usually priced at $1 or less. They appeal to budget-conscious shoppers who are looking for good deals on everyday items.
Walmart has its own version of a discount store chain, called Walmart Family Mobile. This chain offers low-priced cell phone plans and other services.
However, unlike Dollar Tree, Walmart Family Mobile is not a stand-alone store. Instead, it is a service that is offered at Walmart stores.
Even though Walmart does not own Dollar Tree anymore, the two companies are still closely related. Walmart sold its shares in 2015, but it still owns a small minority stake in the company. And while Walmart has its own discount store chain, Dollar Tree remains a popular option for budget-conscious shoppers.
Does Walmart own Dollar Tree?
No, Walmart does not currently own Dollar Tree outright but they did at one point in time. In 2015 they sold all but 2% of their shares in the company but they maintain a close relationship as they continue to be one of the top shareholders
