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
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 up
CHESAPEAKE, Va. — Dollar Tree Inc. has hired Jeffrey Davis to be its chief financial officer, the company said Thursday. Davis will replace Kevin Wampler, who will transition out of his current role as CFO and is expected to remain with the company as an advisor until April 2023 to ensure a smooth transition. “I
CHESAPEAKE, Va. – Dollar Tree Inc. today announced the departures of key operating and financial executives, a shake-up that the company said was made to support implementation of its turnaround initiatives. Dollar Tree said it is seeking candidates to replace chief operating officer Thomas O’Boyle, chief legal officer William Old, chief strategy officer David Jacobs
SAN FRANCISCO — Family Dollar is partnering with Instacart to offer same-day delivery from more than 6,000 stores. The move, which builds on a successful 275-store pilot that initially launched in late-2020, will give customers access to same-day delivery (in as little as one hour) of Family Dollar’s broad and affordable selection of household goods,
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
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
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