CHESAPEAKE, Va.— Dollar Tree reported a 43.2% increase in net income, to $536.4 million for the first quarter ended April 30. Diluted earnings per share for the quarter increased 48.1% to a first-quarter company record $2.37, compared to $1.60 in the prior year’s quarter, the company said Thursday. Consolidated net sales increased 6.5% to $6.90
CHESAPEAKE, Va. — Dollar Tree Inc. has added two members to its leadership team, naming John Flanigan chief supply chain officer and Larry Gatta chief merchandising officer for its Family Dollar banner. Both Flanigan and Gatta spent time at Dollar General Corp. during the tenure of Rick Dreiling, the former Dollar General chief executive who
CHESAPEAKE, Va. — Dollar Tree has made two key additions to its leadership team, naming John Flanigan chief supply chain officer and Larry Gatta chief merchandising officer for the Family Dollar banner. “Driving supply chain efficiencies and improving the operating performance of our Family Dollar banner are important elements to long-term value creation for our
CHESAPEAKE, Va. — Dollar Tree Inc. has shaken up its board of directors, naming Rick Dreiling, former chief executive officer of Dollar General Corp., executive chairman and adding Paul Hilal, CEO of private equity firm Mantle Ridge LP, as vice chair along with five other new directors. Former chairman and CEO Bob Sasser and five
CHESAPEAKE, Va. — Dollar Tree Inc. executive chairman Bob Sasser plans to retire from that post prior to the company’s 2022 annual meeting. Dollar Tree said Friday that, in recognition of Sasser’s many years of service, the board has decided to give him the honorary title of chairman emeritus upon his retirement. “Bob Sasser has
CHESAPEAKE, Va. — Dollar Tree Inc., which has long sold everything at its namesake stores at the single price point of $1 per item, is now planning to roll out a higher price point. The announcement came as the retailer reported third quarter results that were in line with Wall Street’s expectations. Dollar Tree’s consolidated
CHESAPEAKE, Va. — Dollar Tree Inc. on Tuesday reported third-quarter results that were in line with Wall Street’s expectations, and announced that it would be rolling out a higher price point in all stores. Dollar Tree’s consolidated net sales for the quarter increased 3.9% to $6.42 billion. Same-store sales were up 1.6% for the company
SAN FRANCISCO — Instacart and Dollar Tree are expanding their partnership to offer same-day delivery in as little as one hour from nearly 13,000 Dollar Tree and Family Dollar stores. “With our focus on best meeting customers’ evolving needs, we are pleased to expand our Instacart partnership to provide even more households across the country
ATLANTA — Dollar Tree Inc. will partner with RELEX Solutions in an effort to improve demand forecasting and replenishment processes across both its Dollar Tree and Family Dollar chains. The RELEX solution will be implemented across all of the retailer’s 15,800 stores and 26 distribution centers in North America to improve collaboration between stores and
CHESAPEAKE, Va. — Dollar Tree Inc. will begin adding new price points above $1 at all of its Dollar Tree Plus stores while testing higher price points at more than 100 selected legacy Dollar Tree locations. The moves were prompted both by positive customer response to the retailer’s recent format initiatives and by rising operating
CHESAPEAKE, Va. — Dollar Tree plans to begin adding new price points above $1 across all its Dollar Tree Plus stores and will begin testing those price points in selected legacy Dollar Tree stores as well. “For decades, our customers have enjoyed the ‘thrill-of-the-hunt’ for value at one dollar — and we remain committed to
CHESAPEAKE, Va. — Dollar Tree Inc. reported sales and net income gains for its second quarter ended July 31. “I am proud of our team’s continuing efforts, especially in our stores and distribution centers, to adapt and react in this dynamic environment to serve customers and deliver improvements in both operating margin and earnings,” Dollar