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Dollar Tree Inc.

Dollar Tree tests change in strategy

CHESAPEAKE, Va. — Dollar Tree Inc. last month began adding items costing more than a dollar at select Dollar Tree stores as it weighs whether to revise its commitment to a single price point. The multi-price-point merchandise is being displayed in sections branded as Dollar Tree Plus to clearly differentiate it from the stores’ $1

Dollar Tree reports sales, net earnings gain in Q3

Dollar Tree reports sales, net earnings gain in Q3

CHESAPEAKE, Va. — Dollar Tree Inc. reported a 4.2% increase in consolidated net sales, to $5.54 billion, for its fiscal 2018 third quarter. Same-store sales for the company increased 1%, and net income increased 5.1% to $281.8 million. “We delivered earnings within the range of our expectations despite continued cost pressures related to domestic freight

Dollar Tree posts sales gain in second quarter

Dollar Tree posts sales gain in second quarter

CHESAPEAKE, Va. — Dollar Tree Inc. reported an enterprise-wide same-store sales gain of 1.8% for the second quarter. Sales in the company’s Family Dollar chain were flat, while sales in the Dollar Tree chain advanced by 3.7%. The company’s overall consolidated sales for the quarter ended August 4 increased 4.6% over the comparable prior year

Dollar Tree rolls out Snack Zone

CHESAPEAKE, Va. — Dollar Tree Inc. is expanding its Snack Zone concept based on a test program’s early success in driving incremental sales. The retailer tested the initiative at selected stores earlier this year. More than 200 Dollar Tree stores had a Snack Zone on May 5, the last day of the retailer’s fiscal first

U.S. retailers urge Trump not to impose tariffs

U.S. retailers urge Trump not to impose tariffs

WASHINGTON — More than two dozen retail companies — including Walmart, Costco Wholesale Corp., Dollar Tree Inc. and Target Corp. — sent a letter on Monday to President Trump urging him to refrain from imposing tariffs on China and alleging that American families would be hurt by such a move. In a separate letter to

Dollar Tree posts solid fourth quarter results

Dollar Tree posts solid fourth quarter results

CHESAPEAKE, Va. — Dollar Tree Inc. on Wednesday reported strong sales and earnings for its fourth quarter and fiscal year ended February 3. Net income for the year increased 91.3% to $1.71 billion, and consolidated net sales for the year increased 7.4% to $22.25 billion. In the fourth quarter, net income more than tripled to

Dollar Tree beats expectations in third quarter

Dollar Tree beats expectations in third quarter

CHESAPEAKE, Va. — Dollar Tree Inc.’s third quarter sales and earnings topped expectations, helped by higher transaction counts and bigger basket sizes. “Our team delivered terrific results in the third quarter,” Dollar Tree president and chief executive officer Gary Philbin said in a statement. “Same-store sales accelerated in both the Dollar Tree and Family Dollar

Witynski tapped to lead Dollar Tree banner

Witynski tapped to lead Dollar Tree banner

CHESAPEAKE, Va. — Michael Witynski has been promoted to president and chief operating officer of Dollar Tree Inc.’s 6,200-store Dollar Tree chain. “Mike is an accomplished executive with more than 36 years of experience in retail,” Dollar Tree chief executive officer Bob Sasser said in a statement. “Dollar Tree is a growth company, now larger