- The Washington Times - Saturday, November 6, 2004

Kenneth Perry Sr., 87, businessman

NORFOLK (AP) — Kenneth Perry Sr., the founder of the store that evolved into the successful Dollar Tree chain, died Thursday. He was 87.

Mr. Perry opened a barber shop in Norfolk in 1942 and 11 years later bought a nearby Ben Franklin variety store.

He changed the store’s name to the K-and-K 5-and-10.

The store grew into the 136-store K-and-K Toys chain, the precursor to Dollar Tree. He hired and served as retail mentor to Dollar Tree’s chairman and former chief executive officer, Macon Brock Jr.

Mr. Brock and Mr. Perry’s son, J. Douglas Perry, later started the all-for-a-dollar concept.

Dollar Tree Stores, based in Chesapeake, Va., now has more than 2,500 locations. It had $2.8 billion in sales last year.

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