Dollar General

  1. Channel: Dollar/Value

Dollar Tree sales up 8.1% in third quarter

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 […]
2 min read
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  1. Shopper & Customer

CHPA Educational Foundation launches pilot in Dollar General

Vestcom’s shelfAdz are displayed along Dollar General’s pain management aisles, giving shoppers the option to scan a QR code, which routes them to the CHPA Foundation’s online OTC Pain Relief Interactive Quiz. WASHINGTON – The Consumer Healthcare Products Association (CHPA) Educational Foundation announced on Monday an educational pilot launch to help consumers choose over-the-counter (OTC) pain […]
2 min read
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  1. Channel: Drug

Walgreens’ VillageMD Buys Summit Health in $8.9 Billion Deal

With investments from majority owner Walgreens Boots Alliance (WBA) and Cigna subsidiary Evernorth, VillageMD will acquire Summit Health-CityMD, a provider of primary, specialty and urgent care services. Following the $8.9 billion acquisition, which is expected to close in Q1 2023 subject to customary approvals, VillageMD and Summit Health will operate a total of 680 locations […]
2 min read
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  1. Channel: Delivery

Sephora Adds On-Demand One-Hour Delivery Across North America

Sephora shoppers will now be able to get the retailer’s beauty products delivered to them in under an hour, on average, thanks to a new partnership with DoorDash. Items will be fulfilled from Sephora’s 500+ U.S. stores. Customers can use either the DoorDash app or website, and members of the Sephora Beauty Insider loyalty program […]
2 min read
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  1. Channel: Delivery

Tractor Supply Partners with DoorDash to Offer Delivery from Nearly 2,000 Stores

Rural lifestyle retailer Tractor Supply has added on-demand delivery from nearly 2,000 of its stores across the country in a partnership with DoorDash. Customers using the DoorDash marketplace can now get Tractor Supply offerings in categories including farm and ranch, home improvement and lawn and garden delivered to them. All participating Tractor Supply stores will […]
< 1 min read
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  1. Channel: Dollar/Value

Dollar General Found To Have Systemic Pricing Inaccuracies

Reuters reports that Dollar General Corp “was sued on Tuesday by Ohio, which accused the company of baiting shoppers with low prices on store shelves, only to then charge more at the register. “Citing inflationary pressures faced by consumers, Ohio Attorney General Dave Yost said he sued after receiving 12 complaints about overcharges, including from […]
< 1 min read
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  1. Corporate Strategy

Dollar General adds incoming CEO Jeff Owen to board

GOODLETTSVILLE, Tenn. — Jeff Owen will be added to Dollar General Corp.’s board of directors upon the effectiveness of his promotion to chief executive officer on November 1, 2022, the company said. Jeffrey Owen With Owen’s appointment, Dollar General’s board will consist of 10 total members with extensive expertise and experience across several industries. In […]
< 1 min read
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  1. Department: Food

Growing Grocery Dollar General Driving Legacy Grocery Stores Nuts

  Doller General has been garnering customers from grocery stores for years.  The fast service, lower prices and targeting the 55% of U.S. households comprised of one or two people.  Much to their surprise they have also been garnering a larger and larger selection of U.S. customers in a hurry eve those from large households. […]
3 min read
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  1. Channel: Drug

Your Views:  Forks & Knives

More comments from the MNB community about the proposed Kroger-Albertsons deal… One MNB reader wrote: One key learning after going through this process that I feel is evident to both Kroger and Albertsons management is the follow up to divestiture. Recall the Haggen’s debacle, where Albertsons sold some 88 stores to Haggen, (who failed miserably […]
3 min read
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  1. Channel: Dollar/Value

Aldi’s Approach To Price, Value, Continues To Win UK Fans

Bloomberg reports on how German discounter Aldi continues to gain market share in the UK, “gaining market share from bigger rivals as millions of Britons search for cheaper bills on their weekly shop.” It is, the story suggests, “a repeat of the aftermath of the financial crisis when Aldi and its fellow German discounter Lidl […]
2 min read
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  1. Channel: Dollar/Value

Dollar General To Be Fined Another $1.68 Million Over Safety Issues

The Associated Press reports that “Dollar General is facing another $1.68 million in fines after government safety inspectors found violations at four of the chain’s stores in Alabama, Florida and Georgia, the federal regulators announced Monday. “During inspections in April 2022, the Occupational Safety and Health Administration found dirty and disorderly storage areas and materials […]
< 1 min read
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  1. Corporate Strategy

Dollar Tree Continues to Rebuild C-Suite With COO Hire

Discount variety retailer Dollar Tree has hired Michael Creedon, Jr. as its Chief Operating Officer. The hire follows a tumultuous first half of 2022, during which the company’s board was “reconstituted” in March, with the appointment of former Dollar General CEO Rick Dreiling as the Executive Chairman of Dollar Tree’s board, and the departure of […]
2 min read
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  1. Department: Food

Dollar General launches line of dietary supplements

GOODLETTSVILLE, Tenn. – Dollar General is introducing an exclusive line of health and wellness gummy supplements, which the company says supply nutrients that help make everyday wellness routines easy, fun and delightful. Products in the OhGood! line are made with clean ingredients, Dollar General says, and are non-GMO, gluten free and made with natural flavors. Additionally, […]
3 min read
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  1. Agencies & Vendors

Study: Market Basket, Aldi, WinCo Best At Coping With Inflation Pressures

dunnhumby has released a special edition of its Retailer Preference Index (RPI), looking at which grocers are best serving their customers in a faltering economy, and concluded that the top five are Market Basket, Aldi, WinCo, Grocery Outlet and Save A Lot. Rounding out the top 10:  Lidl, Dollar General, Food4LessFoodsCo, Family Dollar, and Military […]
< 1 min read
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  1. Shopper & Customer

Market Basket tops index of retailers for inflationary times

LAS VEGAS, Nev. – Market Basket is rated the top U.S. grocer in terms of gaining customers as consumer prices rise, according to a special edition of the Retailer Preference Index (RPI) from dunnhumby, a provider of customer data and analysis. Market Basket topped all 69 retailers in the Inflation RPI rankings, ahead of household […]
3 min read
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  1. Trends & External Forces

Your Views:  Hip Shot

We reported yesterday that the state of California yesterday filed a lawsuit against Amazon on antitrust grounds, charging that the online retailer stifles competition by penalizing sellers for offering products elsewhere for lower prices. MNB reader Tom Murphy replied: Nothing new in the market on this.  Walmart and Kroger have for years forbidden vendors from […]
3 min read
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  1. Technology & Innovation

Self-Checkout Grows, But Future, Better Possibilities Abound

The Wall Street Journal has an analysis of a report issued by FMI-The Food Industry Association indicating that “self-checkout is nearly twice as widespread as it was before the pandemic, representing 30% of all grocery store transactions in 2021, according to an FMI-The Food Industry Association report released last week. That is up from 18% […]
3 min read
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  1. Corporate Strategy

Garratt named Dollar General president

GOODLETTSVILLE, Tenn. — Dollar General Corp. continues to shuffle its leadership ranks ahead of the planned retirement of chief executive officer Todd Vasos. The latest move involves a promotion for chief financial officer John Garratt, who on September 1 added the role of president. The 53-year-old Garratt will remain responsible for the company’s finance, accounting, […]
3 min read
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  1. Trends & External Forces

Walmart Bolsters Healthcare Presence With UnitedHealth Group Partnership

Walmart is expanding its presence in the medtail space through a 10-year partnership with healthcare and insurance provider UnitedHealth Group that will begin in January 2023. The partnership will launch at 15 Walmart Health locations in Florida and Georgia, with plans to expand to additional locations. Walmart will incorporate UnitedHealth Group’s Optum program to provide […]
2 min read
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  1. Channel: Dollar/Value

Dollar General’s customers skew wealthier as inflation pinches wallets

Dollar General CEO Todd Vasos said this week that the chain has been attracting more affluent consumers looking for ways to cut costs as prices rise. “The highest trade-in that we’ve seen and the most robust has actually been between the $75,000 and $100,000 group,” he said.
< 1 min read
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  1. Shopper & Customer

Price-Centric Chains Use Inflation To Appeal To Affluent Shoppers

CNN has a story about how value-driven retailers – Dollar General, Dollar Tree and Walmart are cited – are taking advantage of inflation to attract higher net worth customers to their stores. For example, CNN reports, “Dollar General CEO Todd Vasos this week said the retail giant has been attracting customers earning $100,000 a year […]
2 min read
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  1. Channel: Dollar/Value

Industry pays tribute as former FWD DG and IRN founder Alan Toft dies

Independent retail industry figures have been paying tribute to former FWD (The Federation of Wholesale Distributors) director general Alan Toft who has died at the age of 91. Toft joined FWD in 1989 having previously been editor and founder of Independent Grocer magazine, which became Independent Retail News. He led the trade association for 16 […]
< 1 min read
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  1. Shopper & Customer

3 Pillars of a Great In-Store Experience

Brick-and-mortar retailers must never lose sight of what the average customer wants. Keeping tabs on shoppers’ most pressing needs is, more than anything else, the recipe for success. Based on Raydiant’s State of Consumer Behavior 2022 report, there are three factors that consumers today most expect from in-store experiences: value, quality products, and convenience. Within […]
3 min read
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Editor’s Choice

  1. Shopper & Customer
  2. Department: Consumer Durables
  3. Department: Nonfood
  4. Corporate Strategy
  5. Corporate Finance
  6. ESG
  7. Partnerships & Alt Profit
  8. Media & Marketing
  9. Retailer Media
  10. Agencies & Vendors
  11. Data & Insights
  12. Shopper & Customer
  13. Trends & External Forces
  14. Associates & Employees
  15. Operations & Supply Chain
  16. Stores & Formats

Retail Media is Here in a Big Way: Should Search be Worried?

By John Spiropoulos Media is filled with evolutionary step-change transitions which permanently alter the marketplace. Each evolutionary event, seen in terms of advertiser outlays – the media mix – is driven by incremental change during economic uncertainty. This is particularly true – and trackable – in modern times. Some of these events were covered in […]
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  1. Media & Marketing
  2. Department: Consumer Durables
  3. Department: HBC
  4. Department: Nonfood
  5. Corporate Finance
  6. Partnerships & Alt Profit
  7. Media & Marketing
  8. Agencies & Vendors
  9. Data & Insights
  10. Technology & Innovation
  11. Holiday & Events

U.S. SMI Core Release Note – October 2022

SMI Core data captures the actual spend data from the SMI Pool partners of major holding companies and large independent agencies, representing up to 95% of all US national brand ad spending, to provide a complete monthly view of the SMI Pool market size, investment share and category performance. Core Data delivers detailed ad intelligence across all media […]
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  1. Trends & External Forces
  2. Channel: Grocery
  3. Department: HBC
  4. ESG
  5. Media & Marketing
  6. Trends & External Forces
  7. Associates & Employees
  8. Merchandising

Kroger Health Center marks first anniversary

CINCINNATI — The Kroger Health Center for Advanced Community Care, a joint project of Kroger Health and the University of Cincinnati James L. Winkle College of Pharmacy, recently celebrated its one-year anniversary. The Center employs pharmacists, technicians, nurse practitioners, and dietitians to provide an interprofessional model of care. It also provides practical experiences for students […]
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  1. Channel: Dollar/Value
  2. Corporate Strategy
  3. Corporate Finance
  4. Corporate Purpose
  5. ESG
  6. Media & Marketing
  7. Shopper & Customer
  8. Associates & Employees
  9. Merchandising
  10. Operations & Supply Chain
  11. Stores & Formats

Dollar Tree sales up 8.1% in third quarter

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 […]
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