Dollar Tree

  1. Corporate Strategy

Dollar Tree Taps Executive Chairman as New CEO

Dollar Tree CEO Mike Witynski will step down and leave the retailer’s board of directors, with Executive Chairman Rick Dreiling expanding his role to assume the CEO position, effective Jan. 29, 2023. Witynski has held leadership positions at Dollar Tree since starting there in 2010 and was named CEO in 2020. Dreiling had served as […]
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  1. Corporate Strategy

Dollar Tree names Rick Dreiling chairman and CEO

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 […]
2 min read
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  1. Shopper & Customer

Dollar Stores Stealing Restaurant, C-Store, and Grocery Store Customers

  Is your brand perishable? Of course, it is.  There is retail sector that is using an assortment of perishable foods to garner your customers.  That sector according to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions®, stated, “If you think that the dollar store sector in not your fresh food competitor you […]
3 min read
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  1. Stores & Formats

Dollar Store Growth Far Outpaces Other Formats

The Wall Street Journal this morning reports that “dollar stores, boosted by demand for less expensive groceries and goods in underserved rural areas, are far outpacing other retailers in opening new stores. “Bricks-and-mortar shopping has rebounded strongly since the height of the pandemic, with many companies now adding new locations. Leading the pack are the […]
2 min read
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  1. Channel: Dollar/Value

Dollar General announces executive moves

Ariel dela Cruz GOODLETTSVILLE, Tenn. — Ariel dela Cruz has joined Dollar General as divisional vice president of store operations, in one of three executive moves announced by the company on Monday. Tim Jagneaux has joined Dollar General as vice president of construction, and Megan Kokoska has come aboard as vice president of digital engagement. […]
2 min read
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  1. Channel: Dollar/Value

Dollar Tree’s Growth and Success Now Focused on Grocerant Food and Beverage

  With 63.2 percent of all households now consisting of one or two people, Doller Tree’s focus on grocerant niche meals and meal components for them is unlocking the potential legacy grocery stores failed to address according to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions®. Doller Tree raised its financial outlook for […]
3 min read
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  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

Ranked: Gen Z’s Favorite Brands, Compared with Older Generations

Can I share this graphic? Yes. Visualizations are free to share and post in their original form across the web—even for publishers. Please link back to this page and attribute Visual Capitalist. When do I need a license? Licenses are required for some commercial uses, translations, or layout modifications. You can even whitelabel our visualizations. […]
4 min read
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  1. Channel: Dollar/Value

Dollar Tree, Family Dollar to host hiring event

CHESAPEAKE, Va. — Dollar Tree Inc. plans to hire thousands of associates for full- and part-time roles during a nationwide hiring event hosted planned for October 19. The event will be held at participating Dollar Tree and Family Dollar stores and will seek to fill positions include sales associates, customer service representatives, stockers, assistant store […]
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  1. Corporate Strategy

Dollar Tree names two top executives

CHESAPEAKE, Va. — Dollar Tree Inc. last month announced two new executive hires as the company continues to overhaul its leadership team. Michael Creedon Jr. joins Dollar Tree as its chief operating officer, and Pedro Voyer assumes the role of chief development officer. Creedon comes to the discount retailer from Advance Auto Parts Inc., which […]
2 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. Channel: Dollar/Value

Dollar Tree taps Michael Creedon as COO

CHESAPEAKE, Va. — Dollar Tree Inc. has added Advance Auto Parts veteran Michael Creedon Jr. to its executive team, naming him chief operating officer. “Mike’s impressive career in retail is rooted in a deep knowledge and understanding of his customers,” Dollar Tree president and chief executive officer Mike Witynski in announcing the hire. “Mike will […]
2 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. Corporate Strategy

Lowe’s Marketing Chief Out as Part of ‘Broader Realignment’

Lowe’s EVP and Chief Brand and Marketing Officer Marisa Thalberg has left the company after working with the home improvement retailer since February 2020. The executive’s departure is part of a “broader realignment,” according to a Lowe’s spokesperson, and Thalberg’s position will not be filled; instead, the company will integrate its merchandising and marketing functions. […]
2 min read
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  1. Corporate Strategy

Dollar Tree Taps Walmart Vet for CFO as it Prepares for Discount Hit on Margins

Dollar Tree has hired Walmart veteran Jeffrey Davis as its new CFO. He joins the off-price retailer as it comes off a strong quarter but prepares for a challenging second half of 2022, as Family Dollar stores accelerate discounts to help compete against other retailers who have been dropping their own prices. Davis was with […]
2 min read
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  1. Corporate Strategy

Dollar Tree adds Jeffrey Davis as CFO

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. Dollar […]
2 min read
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  1. Channel: Dollar/Value

Dollar Tree sees second quarter sales gain

CHESAPEAKE, Va. — Dollar Tree Inc. reported that its consolidated net sales totaled $6.77 billion in the second quarter ended July 30, up 6.7% versus the prior year period. Comparable store sales were up 7.5% in the Dollar Tree chain, 2% in Family Dollar, and 4.9% for the company as a whole. “Our second quarter […]
2 min read
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  1. Channel: Dollar/Value

Dollar Tree, Inc. Reports Results for the Second Quarter Fiscal 2022

CHESAPEAKE, Va.–(BUSINESS WIRE)–Dollar Tree, Inc. (NASDAQ: DLTR) today reported financial results for its second quarter ended July 30, 2022. “Our second quarter performance reinforces the relevance of our brands for millions of households pressured by higher costs for food, fuel, rent and more. We delivered increases of 6.7% in sales, 14.2% in gross profit, 25.7% […]
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Millennials Dominated Holiday Shopping Spend — Here’s What it Means for 2023

In a year when holiday spending on gifts, travel and entertainment was down 1 percent from the year prior, one age group bucked that trend in a huge way. Millennials, perhaps aided by increased incomes due to “The Great Reshuffle,” told us it would spend a whopping 11 percent more than it did in 2021, […]
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Retail Traffic Trends #112: Consumer Habits 2023

While some trends come and go, there were a few trends that have stayed with consumers throughout the year.   As online shopping continues to be a popular choice for consumers, physical stores can offer shoppers perks that e-commerce can’t replicate.    This week we look at trends to increase foot traffic and customer loyalty. […]
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