CHESAPEAKE, Va. — Dollar Tree Inc. has promoted Michael Witynski to president and chief executive officer, the company announced on Monday. Gary Philbin, 63, who joined Dollar Tree in 2001 and became CEO in 2017, is retiring after a retail career of more than 40 years. Philbin will stay on as an executive and member
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
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. 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
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 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. — Gary Philbin has been named president and chief executive officer of Dollar Tree Inc. as part of a planned leadership succession. Bob Sasser, the company’s CEO since 2004, has assumed the role of executive chairman of the board. Sasser, 65, joined Dollar Tree in 1999 as chief operating officer. He was promoted
CHESAPEAKE, Va. — Gary Philbin has been named president and chief executive officer of Dollar Tree Inc. The move is part of a planned leadership succession in which Bob Sasser, the company’s CEO since 2004, has assumed the role of executive chairman of the board. Sasser, 65, joined Dollar Tree in 1999 as chief operating
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