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.
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
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
CHESAPEAKE, Va. — Dollar Tree Inc. said Wednesday that it plans to renovate at least 1,000 Family Dollar Stores in the coming year. It also plans to shutter as many as 390 Family Dollar stores and convert another 200 to the Dollar Tree banner. The moves are part of an effort to improve the performance
CHESAPEAKE, Va. — Dollar Tree announced it is planning to consolidate store support centers here as part of its continuing integration of Family Dollar’s organization and support functions. The company on Tuesday said it plans to close the Matthews, N.C., headquarters of Family Dollar after the consolidation is completed in the fall of 2019, but
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
CHESAPEAKE, Va. — Dollar Tree Inc. recently celebrated a milestone with the opening of its 15,000th store. The opening also featured discounts and promotions at the retailer’s outlets across the United States and in five Canadian provinces. “We are excited to have reached this important milestone in our business, and we continue to see the
CHESAPEAKE, Va. — Dollar Tree this weekend is celebrating the milestone of its 15,000th store opening, with discounts and promotions at its outlets across the United States and in five Canadian provinces. In addition, selected new Dollar Tree and Family Dollar stores have scheduled grand openings for this weekend, with festivities including giveaways, ribbon-cutting ceremonies, private
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
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
CHESAPEAKE, Va. — Dollar Tree Inc. reported stronger than expected results for its second fiscal quarter. “I am extremely pleased with the quarter,” chief executive officer Bob Sasser said in a statement on Thursday. “Both Dollar Tree and Family Dollar produced positive same-store sales, our enterprise operating margin improved 80 basis points and earnings per
CHESAPEAKE, Va. — Dollar Tree Inc. reported better-than-expected sales and earnings for the fourth quarter. Consolidated net sales increased 5.0% to $5.64 billion for the 13 weeks ended January 28, and gross profit increased 9.3% to $1.81 billion. “We are pleased with our overall performance for fiscal 2016,” said chief executive officer Bob Sasser. “For