March 25, 2024 by MMR
Dollar Tree, Q4
2024, Issue 03-25-2024
CHESAPEAKE, Va. — Dollar Tree Inc. reported disappointing quarterly earnings and offered a downbeat outlook on March 13 and announced plans to shutter about 1,000 stores, nearly all of which operate under its Family Dollar banner. As part of an ongoing portfolio review, company executives have identified some 600 Family Dollar stores to close in
March 13, 2024 by MMR
Chairman and CEO Rick Dreiling, Dollar Tree, Dollar Tree closing nearly 1000 Family Dollar stores, Family Dollar, Jeff Davis
Featured Articles, Leading Headlines, Retail News
CHESAPEAKE, Va.— The Family Dollar discount chain said Wednesday that it will close around 1,000 stores. The announcement came as the chain’s parent company, Dollar Tree, announced its fourth-quarter fiscal results for 2023. The chain said it will close 600 locations this year and 370 stores over the next several years as store leases expire.
January 11, 2024 by MMR
Dollar Tree, Family Dollar, Larry Gatta, Legacy Motor Club, NASCAR, Rick McNeely
Leading Headlines, Retail News, Uncategorized
CHESAPEAKE, Va. — Dollar Tree has signed a multi-year sponsorship agreement for races in the NASCAR Cup Series. The Dollar Tree and Family Dollar brands will be present in all 38 races of the 2024 NASCAR season, including select races with No. 42 driver John Hunter Nemechek, No. 43 driver Erik Jones and No. 84
December 18, 2023 by MMR
Dollar Tree, third quarter
2023, Issue 12-18-2023
CHESAPEAKE, Va. — Dollar Tree Inc. reported third quarter financial results that were in line with expectations and reflect continued execution across all lines of its business transformation. “In a challenging retail environment where the accumulating pressures of inflation, reduced government benefits and depleted savings have negatively affected lower-income consumers, our top-line performance outpaced most
September 15, 2023 by MMR
digital transformation, Dollar Tree, Family Dollar
Leading Headlines, Retail News
CHESAPEAKE, Va. — Family Dollar is updating its mobile app with features intended to give shoppers “a completely new mobile shopping and saving experience.” Featuring a fresh interface and seamless navigation, the app will help shoppers effortlessly manage coupons using the redesigned wallet feature, explore engaging weekly ads, and easily locate products with intelligent searches,
September 11, 2023 by MMR
Dollar Tree, Family Dollar, Jocelyn Konrad
Featured Articles, Leading Headlines, People, Retail News
CHESAPEAKE, Va. – Dollar Tree Inc. has announced three new leadership appointments to its field operations organization led by Mike Creedon, the company’s chief operating officer. Jocelyn Konrad has joined the company as the new senior vice president, chief of stores for Family Dollar. She brings more than 15 years of experience in operational roles
September 11, 2023 by MMR
Dollar Tree, earnings, Q2, sales
Issue 09-11-2023, Issues
CHESAPEAKE, Va. — Dollar Tree Inc. surpassed Wall Street’s expectations for both the top and bottom lines in the second quarter of fiscal 2023. In response, management has raised its full-year sales outlook and tightened its earnings per share projection. “At our June Investor Conference we shared the details of our strategy to transform the
July 10, 2023 by MMR
Dollar Tree, Rick Drilling
Issue 07-10-2023
CHESAPEAKE, Va. — It is now 16 months since Rick Dreiling took the reins at Dollar Tree Inc., and he has not been idle. Suffice to say, the small-box discount sector is about to get much more interesting. Last month Dreiling and the management team he has assembled provided analysts and investors a glimpse of
March 27, 2023 by MMR
Dollar Tree, q4 fiscal earnings
2023, Issue 03-27-2023, Issues
CHESAPEAKE, Va. — Dollar Tree Inc. announced plans to accelerate its capital-spending plans following a strong financial performance during the second half of the fiscal year ended January 28. “We are committed to driving further store productivity as we focus on developing our people, tools and technology to fuel our accelerated growth, while simplifying our
February 27, 2023 by MMR
Dollar Tree, Rick Dreiling
2023, Issue 02-27-2023, Issues
CHESAPEAKE, Va. — Dollar Tree Inc., which is set to announce its fourth quarter results on March 1, is under new management. Executive chairman Rick Dreiling has taken on the additional role of chief executive officer. Mike Witynski, who has been in leadership positions at Dollar Tree since 2010 and served as CEO since 2020,
January 24, 2023 by MMR
Dollar Tree, Family Dollar, Mike Witynski, Rick Dreiling
Featured Articles, Leading Headlines, People, Retail News
CHESAPEAKE, Va. — Dollar Tree executive chairman Rick Dreiling will take on the additional role of chief executive officer, effective January 29, the company said on Tuesday. Mike Witynski, who has been in leadership positions at Dollar Tree since 2010 and served as CEO since 2020, is stepping down from the board and leaving the
December 12, 2022 by MMR
Dollar Tree, Q3
2022, Issue 12-12-2022, Issues
CHESAPEAKE, Va. — Dollar Tree executives said the retailer’s new pricing strategy lifted operating income nearly 23% to $381 million in the third quarter ended October 29. Top-line sales rose 8.1% to $6.94 billion. Comparable-store sales at its Dollar Tree stores increased 8.6% from a year earlier, while comps at its Family Dollar stores were