Dollar Tree, Inc. Is The World 's Leading Operator Of The One Dollar Variety Stores

If we analyze Dollar Store, we will see that it has established over 140 stores across Canada since its inception in 1998. As it has been considerably increasing its market reach across Canada; they are considered a direct competitor to Dollarama. On the other hand, Great Canadian Dollar stores are extending their reach in eastern Canada. Additionally, they are very present in the community by offering both charitable and communal support. At last, Dollar Tree is a growing chain of discounted retail stores in the United States. It operates over 4400 retail stores in 48 states of the US and in Canada. Thus, they are ready to expand their customer base into Canada. Also, Dollar Tree offers a much broader range of products compared to Dollarama, for example frozen foods and dairy items. As such, there is a very high competition in the discounted retail stores industry. However, in such a high competitive environment, Dollarama is still able to open over 150 stores in the past four years only. Also, considering their stock trend, their share price had increased from 25$ to 56.90$ per share in only one year. That represents a growth of 128% in a single year. We can conclude that their shares are in demand in our current market environment. Thus, we can assess that they are very well positioned in today’s competitive environment.

The daily routine at Dollar Tree Inc. is very basic and is usually minimally manned. Problems such as stray items, wrong inventory and cash drawer mismatch arise due to employees not having the proper training.

International Financial Reporting Standards, in many ways, are similar to Generally Accepted Accounting Principles (GAAP) however, a few key differences do exist. One of the differences to be most aware of would be necessary changes. “Many companies will need to make significant changes to existing accounting policies to comply with international financial reporting standards (IFRS), including in such key areas as revenue recognition, inventory accounting, financial instruments and hedging, employee benefits plans, impairment testing, provisions, and stocked-based compensation.” ("PWC", 2014) Of these listed areas of particular concern for Chester Inc. will be revenue recognition, inventory and financial statements. Changes in these areas are not just structural or largely cosmetic in nature

The U.S is moving toward IFRS (Forgeas, 2008). In the near future, all US company may need to report financial statements under IFRS. This makes the adaptation of IFRS unavoidable. Recently, some large multinational

International Financial Reporting Standards, in many ways, are similar to Generally Accepted Accounting Principles (GAAP) however, a few key differences do exist. One of the differences to be most aware of would be necessary changes. “Many companies will need to make significant changes to existing accounting policies to comply with International Financial Reporting Standards (IFRS), including such key areas as revenue recognition, inventory accounting, financial instruments and hedging, employee benefits plans, impairment testing, provisions, and stocked-based compensation.” ("PWC", 2014) Of these listed areas of particular concern for Chester Inc. will be revenue recognition, inventory, and financial statements. Changes in these areas are not just structural or largely cosmetic in nature,

The Dollar Tree brand of stores has been around since 1986, when Douglas Perry, Macon Brock, and Ray Compton founded the chain as a compliment to their other business, K & K Toys (Parnell, 2014). Through the years, Dollar Tree has acquired several different dollar store and low-end retail chains to grow their business to over 4000 stores (Shetty, 2010). One of the first and most strategic moves that the company made was to shift away from carrying closeout merchandise and to become more of a traditional variety store with a wide variety of basic goods all priced at a dollar or less. To accomplish this change, the chain had to discontinue their current purchasing strategies and had to begin buying directly from manufacturers to change the type of merchandise that they had available for consumers. The second major strategic move involved changing the location of where stores are usually located. Up until this point, the stores had been being in enclosed malls. With this change,

The Dollar Tree embraced a new tactic and decide to implement their own private brand label into their stores. These stores are now the fastest growing type of retail store in the country, which is why I chose to write about this store. I had no idea that these stores were the fastest growing, which is what intrigued me when I read it online. Most customers like to be able to go to one store and find all of the products they need in one location, The Dollar Stores are making this easier on consumers.

Dollar  Tree  Logis-cs  and   Distribu-on  Center  Decision   Dollar   Tree   •  Main  merchandises:   –  $1     –  Consumable  merchandise:  candy,  food,  health  and   beauty  care,  house  wares  (paper,  plas-cs,  chemicals)   –  Variety  merchandise:  toys,  durable  house  wares,   giCs,  party  goods,  gree-ng  cards   –  Seasonal  goods:  Easter  baskets,  summer  toys,  lawn   and  garden  equipments,  Halloween  and  Christmas   goods   40%  imports,  7%  closeout  items,  rest  domes-c  vendors   Dollar  Tree—Opera-ons  Competency   •  What  are  the  opera-onal  priori-es?   • 

The Dollar Tree Cooperation provides inbound, import, domestic transportation and outbound transportation services to 48 locations in the United States and five locations in Canada (Dollar Tree Inc., 2014). Using 10 distribution centers, the Dollar Tree is

Nonetheless, Dollar Tree acknowledges its market power; its competitors, Wal-Mart, Dollar General, and Family Dollar have an uphill battle to reach Dollar Tree business model. Moreover, Dollar Tree product differentiation gives them an additional leverage over their competitors. As mention earlier, Dollar Tree sells its entire product for $1 or less. They accomplish this by purchasing a variety of products from private vendors at wholesale prices. In contrast, its competitors purchase brand name products at higher prices, thus making it difficult to compete with Dollar Tree prices. These are the way Dollar Tree utilized to map, scan,

There are several differences between the International Financial Reporting Standards (IFRS) and the U.S. Generally Accepted Accounting Principles (GAAP). The IFRS is considered more of a "principles based" accounting standard in contrast to U.S. GAAP which is considered more "rules based." By being more "principles based", IFRS, arguably, represents and captures the economics of a transaction better than U.S. GAAP. As a team me collaborated to answer the following seven questions.

“The uproar over fair value accounting practices, which some critics have blamed for the depths of the global financial crisis, threatens to sink a long-sought move by countries around the world toward a single set of international financial reporting standards (IFRS). The U.S. Financial Accounting Standards Board (FASB) has been working with London's International Accounting Standards Board (IASB) since 2002 toward what accounting professionals call convergence. The Securities & Exchange Commission (SEC) is expected to announce its road map for conversion sometime this month, which will probably include early adoption in 2010 for about 110 of the largest U.S. companies with business operations throughout the world. The key difference between U.S. Generally Accepted Accounting Principles (GAAP) and IFRS is that U.S. standards are based on explicit rules while the international standards' reliance on principles gives companies more room to use their judgment in deciding how to recognize revenue and other key metrics. Adoption of IFRS would also probably trigger a big tax hike for U.S. companies, which would no longer be able to use the last-in-first-out [LIFO] inventory accounting method, which doesn't exist under the international standards. The LIFO method assumes that goods purchased most recently are sold first and that the

Dollar Tree can negatively affect the company’s financials as well as its brand image by not keeping up with most recent federal, state, or local laws. Dollar Tree is subject to a wide array of laws and regulations so it is important to view most recent laws and regulation changes, in order to minimize the exposure to legal risk, and to lower the risk of having an increase in expense. Changes in these areas could adversely affect the way Dollar Tree operates. Brand image is the key in gaining a competitive edge for Dollar Tree. Failure to comply with applicable laws might drive them out of the industry and lose its image it worked so hard for several years.Consumer spending has a substantial role in the success of Dollar Tree. Unfavorable

The respect and care Dollar General gives to the customers and employees comes back to benefit them in their revenue. Dollar General gives the customer a cheap reliable product and distributes it through stores that are local and convenient; convenience and price is where they win. At Dollar General they research and battle daily to provide the cheapest prices in the business at our stores. Not only are the prices cheap, but they are made easy for the customers when shopping. Customers can find the prices of all the products in even increments. This makes it easy for the customers when adding up totals and figuring out taxes. Another convenient aspect of our stores is the size. On average a Dollar General store will be about 6,900 square feet. This allows the customer to get in and out of the store as quickly possible and get on with their day. In fact the average shopper at Dollar General will have completed their shopping, paid, and out the store within 10-20 minutes. This can be compared to a customer going into Wal-Mart shopping for the same goods would spend around 55 minutes in the store. Our last strength would be the products. Dollar General is designed

The US Generally Accepted Accounting Principles (GAAP) is a set of international accounting rules which originated from the United States. US GAAP can be defined as a set of accounting principles, standards and procedures that companies use to compile their financial statements (Elliott & Elliott, 2008). The International Financial Reporting Standards (IFRS) on the other hand are accounting rules originating from the United Kingdom. International Financial Reporting Standards (IFRS) are a set of accounting rules designed with a common global language for business affairs so that financial accounts of companies are understandable and comparable across international boundaries (Devinney, Pedersen & Tihanyi, 2010).