Dollar Tree and Family Dollar Combo Stores On the Way You may have heard the rumors of new combination Dollar Tree and Family Dollar stores, but now we have the definitive answer. According to a report from CNN, Dollar Tree and Family Dollar stores are planning to expand in 2021 by opening more locations and even building 50 new "combination stores" that will offer customers the opportunity to shop both brands. To be honest, who even knew that Dollar Tree and Family Dollar are owned by the same company? Get our free mobile app Apparently the acquisition of Family Dollar into the Dollar Tree organization occurred in July 2015. Then in 2018 the company decided to merge their support centers to "invest in future growth."