Dollar Tree Opens 9,500th Store in Suffolk
The company marked its 40th anniversary with a new retail location and a $40 million investment fund for local communities.
Updated on Oct. 23, 2026 in Philanthropy
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Dollar Tree has officially opened its 9,500th store at 6150 College Drive in Suffolk, Virginia. The expansion coincides with the launch of a $40 million Impact Fund designed to support nonprofits and community projects.
Why it matters
The new store and financial commitment serve as a milestone for the retailer as it celebrates its 40th anniversary. The fund aims to deepen the company's community engagement across the regions it serves.
Dollar Tree operates 9,500 stores and serves more than 100 million U.S. households annually. The company recently divested the Family Dollar brand in March 2025 for $1 billion, following its $8.5 billion acquisition of the chain in 2015.
The players
Dollar Tree
A major American discount variety store chain headquartered in Chesapeake, Virginia, that serves over 100 million households annually.
The details
The retail chain selected Suffolk for this milestone opening to bolster its regional presence near its corporate headquarters. The newly established Impact Fund will provide direct financial support to community-led initiatives and non-profit partners.
Timeline
2015: Dollar Tree acquired the Family Dollar brand.
March 2025: Dollar Tree divested the Family Dollar brand.
October 2026: Dollar Tree opened its 9,500th store.
Market Landscape
This opening represents a renewed focus on the flagship brand following the divestiture of the assets gained during the 2015 acquisition of Family Dollar. The company is reorienting its capital toward community-facing initiatives after exiting the subsidiary it purchased for $8.5 billion.
Local shoppers in Suffolk can now access the new retail location on College Drive. Residents and community leaders may benefit from the resources provided by the newly launched $40 million Impact Fund.
The takeaway
The establishment of a dedicated community fund indicates a long-term commitment to the markets where the retailer operates. Consumers can watch for local announcements regarding grant applications as the fund begins its distribution phase.
Further reading
For more information on local initiatives, visit the Philanthropy section.
Source note: This article includes information reported by CStore Decisions.
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