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Founders

Who Founded Dollar Tree?

Macon Brock, J. Douglas Perry, Ray Compton · Founded 1986 · HQ today: Chesapeake, Virginia

Who founded Dollar Tree?

Dollar Tree was founded by Macon Brock, J. Douglas Perry, Ray Compton in 1986. It is now led by Michael C. Creedon Jr..

Founders
Macon Brock, J. Douglas Perry, Ray Compton
Founded
1986
Headquarters
Chesapeake, Virginia
Number of founders
3
Current CEO
Michael C. Creedon Jr. (since 2024)
Where was Dollar Tree founded?
Dollar Tree was founded in Norfolk, Virginia in 1986.
When was Dollar Tree founded?
Dollar Tree was founded in 1986.
Who started Dollar Tree?
Dollar Tree was founded by Macon Brock, J. Douglas Perry and Ray Compton.
How old is Dollar Tree?
Dollar Tree is 40 years old as of 2026.

Founding Story

Dollar Tree grew out of a Virginia retail family business. K.R. Perry opened a Ben Franklin variety store in Norfolk in 1953, and in 1970 he and his son-in-law Macon Brock started the K&K Toys chain. In 1986 Brock, Doug Perry and Ray Compton tested a single-price concept called Only $1.00 inside their toy-store network. The format outperformed toys, so they sold K&K Toys in 1991, renamed the dollar chain Dollar Tree in 1993 and took it public on NASDAQ in 1995.

Macon Brock

Co-founder 1986

Background

Former U.S. Marine Corps officer who co-founded the K&K Toys chain with father-in-law K.R. Perry in 1970 before launching Only $1.00.

Role at Dollar Tree, Inc.

Macon Brock co-founded Dollar Tree in 1986 with Doug Perry and Ray Compton after years running K&K Toys. He served as the company's president and later chief executive, then as chairman, guiding its shift from a toy-store side project into a national single-price chain, its 1993 rename to Dollar Tree and its 1995 NASDAQ listing. Brock and his wife Joan were prominent philanthropists in Hampton Roads, Virginia. He died in 2019. Macon Brock was born in 1942.

J. Douglas Perry

Co-founder 1986

Background

Son of K.R. Perry, whose Norfolk, Virginia Ben Franklin variety store (1953) was the family business that led to K&K Toys and then Dollar Tree.

Role at Dollar Tree, Inc.

J. Douglas (Doug) Perry co-founded Only $1.00 in 1986 alongside Macon Brock and Ray Compton and served as Dollar Tree's chairman for much of its early public-company history. His family's variety-store roots shaped the treasure-hunt merchandising that defined the chain, and he remained a long-serving board member after stepping back from management. (Exact birth year remains publicly undisclosed).

Ray Compton

Co-founder 1986

Background

Finance and operations executive at K&K Toys before co-founding Only $1.00.

Role at Dollar Tree, Inc.

H. Ray Compton co-founded Dollar Tree in 1986 and served as a senior executive, including chief financial officer, during the chain's early expansion and its 1995 initial public offering. He later served on the company's board of directors for many years. (Exact birth year remains publicly undisclosed).

Dollar Tree, Inc.: CEO & Leadership History

Full timeline →

Michael C. Creedon Jr.

Chief Executive Officer

2024 – Present

Under his leadership Dollar Tree grew FY2025 net sales 10% and posted 3.5% and 3.7% comparable sales gains in Q1 and Q2 fiscal 2026.

Rick Dreiling

Former Chairman and Chief Executive Officer

2022 – 2024

Set up the separation that his successor completed; stepped down in November 2024 for health reasons.

Michael Witynski

Former Chief Executive Officer

2020 – 2022

As CEO, he navigated the severe supply chain crisis of 2021, but was ultimately ousted by activist investor Mantle Ridge following catastrophic underperformance at the Family Dollar subsidiary.

Bob Sasser

Former Chief Executive Officer

2004 – 2017

Serving as CEO from 2004 to 2017, he massively expanded the core Dollar Tree brand into an undisputed retail behemoth, but completely failed to successfully integrate the Family Dollar acquisition.

Compare Dollar Tree, Inc. Leadership With Competitors

Keep researching Dollar Tree

Who Founded Dollar Tree? FAQ

Who founded Dollar Tree?

Macon Brock, J. Douglas (Doug) Perry and Ray Compton founded Only $1.00 in 1986. It was renamed Dollar Tree in 1993.

What business did the Dollar Tree founders run before?

They ran K&K Toys, a toy chain started in 1970 by K.R. Perry and Macon Brock that grew out of Perry's 1953 Ben Franklin variety store in Norfolk, Virginia. They sold K&K Toys in 1991 to focus on dollar stores.

What was Macon Brock's role at Dollar Tree?

Brock, a former Marine Corps officer, served as president, CEO and chairman over the company's first decades. He died in 2019.

What was Ray Compton's role at Dollar Tree?

Compton was a co-founder and senior finance executive during the early expansion and the 1995 IPO, and later served on the board.

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