April 15, 2021 by MMR
digital media network, Dollar Tree, Family Dollar
Leading Headlines, Retail News
CHESAPEAKE, Va. – Dollar Tree has launched a digital media platform designed to help consumer-goods brands engage with customers. The platform, dubbed Chesapeake Media Group, enables “personalized and ultra-targeted digital experiences” that can influence purchasing decisions in real time, Dollar Tree said in an April 15 statement introducing the network. “Brands will be able to
March 22, 2021 by MMR
combination store, Dollar Tree
2021, Issue 03-22-2021, Issues
CHESAPEAKE, Va. — Dollar Tree Inc. sees a new format that combines features of its two brands as offering significant growth potential. The format brings together Family Dollar’s value and assortment with Dollar Tree’s “thrill of the hunt” and fixed price point — creating a new strategic store format targeted for small towns and rural
March 3, 2021 by MMR
Combination Stores, Dollar Tree, Family Dollar, fourth quarter
Leading Headlines, Money, Retail News
CHESAPEAKE, Va. — Dollar Tree Inc. said Wednesday that its net sales and comp store sales increased in the fourth quarter, and suggested that various strategic initiatives are gaining traction, including a new format for small towns that combines the Dollar Tree and Family Dollar brands. Consolidated net sales totaled $6.77 billion for the fiscal
November 24, 2020 by MMR
Dollar Tree, Dollar Tree Plus, Dollar Tree president and chief executive officer Mike Witynski, Family Dollar, Mike Witynski
Featured Articles, Leading Headlines, Money
CHESAPEAKE, Va. — Dollar Tree Inc. plans to expand its multi-price Dollar Tree Plus! initiative into about 500 stores beginning in the spring of 2021, the company said Tuesday. The announcement came as the retailer reported increased sales and profits for its fiscal third quarter ended October 31. Consolidated net sales increased 7.5% to $6.18
August 27, 2020 by MMR
Dollar Tree, Dollar Tree president and CEO Mike Witynski, Family Dollar, Family Dollar H2 format, Mike Witynski
Leading Headlines, Money, Retail News
CHESAPEAKE, Va. – Dollar Tree on Thursday said net sales increased 9.4% to $6.2 billion in its second quarter on same-store sales growth of 7.2%. Same-store sales at its Family Dollar unit increased 11.6% in the 13 weeks ended August 1. Comps at Dollar Tree stores were up 3.1%. “Consumer shopping patterns are evolving,” Mike
May 28, 2020 by MMR
Dollar Tree, Family Dollar, first quarter
Leading Headlines, Money, Retail News
CHESAPEAKE, Va. — Dollar Tree said same-store sales jumped 7% in its fiscal 2020 first quarter as shoppers stockpiled food and other essentials at the outset of the coronavirus pandemic. Comparable-store sales for the Family Dollar segment increased 15.5% from a year earlier, while comps at the Dollar Tree segment declined 0.9%, the company said
March 31, 2020 by MMR
COVID-19, Dollar Tree, Dollar Tree president and chief executive officer Gary Philbin, Family Dollar, Gary Philbin
Featured Articles, Leading Headlines, Retail News
CHESAPEAKE, Va. — Dollar Tree Inc. has seen a surge in store traffic and sales as consumers stock up in response to the COVID-19 pandemic, but Easter holiday business is being hurt by the crisis. The details were part of a business update the company issued on Tuesday about impacts related to the novel coronavirus. In
March 4, 2020 by MMR
Dollar Tree, iscal fourth quarter
Featured Articles, Leading Headlines, Money, Retail News
CHESAPEAKE, Va. — Dollar Tree on Wednesday reported financial results for its fourth quarter and fiscal year ended February 1. The discount retailer said consolidated net sales increased 1.8% to $6.3 billion in the fourth quarter. On a full-year basis, sales increased 3.5% to $23.61 billion. Comparable-store sales increased 0.4% in the fourth quarter, as
January 13, 2020 by MMR
Dollar Tree, Duncan Mac Naughton, Family Dollar, Michael Witynski, Richard McNeely, Thomas O’Boyle Jr.
2020, Issue 01-13-2020, Issues
CHESAPEAKE, Va. — In a reorganization of its senior management structure, Dollar Tree Inc. has promoted three executives. In addition, Duncan Mac Naughton, who had been serving as president of the Family Dollar segment of the business, has left the company. The management changes are intended to improve the execution of Dollar Tree’s overall strategy
December 11, 2019 by MMR
Dollar Tree, Dollar Tree Inc., Family Dollar, Gary Philbin, Michael Witynski, Richard McNeely, Thomas O’Boyle
Leading Headlines, People, Retail News
CHESAPEAKE, Va. — Dollar Tree Inc. is promoting three executives as part of a reorganization of its leadership structure, the company said on Wednesday. Michael Witynski has been promoted to enterprise president of the corporation and will lead the merchandising, store operations, and supply chain functions for the Dollar Tree and Family Dollar business segments.
November 26, 2019 by MMR
Dollar Tree, Dollar Tree Plus, Dollar Tree Snack Zones, Family Dollar, Family Dollar H2, Gary Philbin, third quarter
Featured Articles, Leading Headlines, Money, Retail News
CHESAPEAKE, Va. — Dollar Tree on Tuesday reported net sales rose 3.7% to $5.75 billion in the third quarter and comparable-store sales increased 2.5%. But the retailer said higher costs associated with the U.S.-China trade war will add $19 million in costs in the current quarter, when per-share earnings are projected to miss Wall Street
March 25, 2019 by MMR
Dollar General, Dollar Tree
2019, Issue 3-25-2019, Issues
CHESAPEAKE, Va. — Dollar Tree Inc. plans to renovate at least 1,000 Family Dollar stores this year and close hundreds of others as it seeks to improve the performance of the chain it acquired in 2015 following a bidding war with Dollar General Corp. Dollar Tree announced the plans as it reported fiscal fourth quarter