Dollar Tree

  1. Channel: Dollar/Value
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 […]
  1. Shopper & Customer
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 […]
  1. Corporate Strategy
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. […]
  1. Corporate Strategy
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 […]
  1. Corporate Strategy
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 […]
  1. Channel: Dollar/Value
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 […]
  1. Channel: Dollar/Value
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% […]
  1. Channel: Dollar/Value
Dollar stores are benefiting from consumers seeking affordable necessities amid skyrocketing inflation. In earnings releases issued Thursday (Aug. 25), both Dollar General and Dollar Tree reported increases in same-store sales during the quarter ended July 29 and July 30, respectively. “Combined with improvement in merchandising and store standards, we believe we are putting our best […]
  1. Channel: Dollar/Value
Federal regulators have fined Family Dollar more than $1.2 million in penalties related to safety violations at two Ohio stores, the Department of Labor’s Occupational Safety and Health Administration said Monday and CNBC reports. In January and February of this year, OSHA inspected Family Dollar stores in Columbus and Maple Heights and found blocked exits, unstable stacks […]
  1. Trends & External Forces
Three stories this morning about the impact of the inflationary economy on shoppers’ purchase behavior… •  The Wall Street Journal reports that as more and more Americans look to lower the costs of essentials, “one way they are doing so is by relying more on dollar and discount stores for groceries. Average spending on grocery […]
  1. Channel: Dollar/Value
A Family Dollar/Dollar Tree combo store is opening in South Plainfield, NJ. The 19,500-square-foot store will operate in a space that previously housed an Aldi. “Dollar Tree has had significant early success with this new combo-store format and targeted this desirable market for expansion,” said Vanessa Fernandez-Kelty, leasing representative for the store.
  1. Corporate Finance
CHESAPEAKE, Va. — Dollar Tree has hired Bobby Aflatooni to be its chief information officer, the company said Thursday. Aflatooni, who spent nine years with Dollar General and most recently served as executive vice president and chief information officer for the Howard Hughes Corp., will be focused on enhancing Dollar Tree’s systems infrastructure. “Bobby is […]
  1. Corporate Strategy
CHESAPEAKE, Va. — Dollar Tree Inc. announced late last month 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 […]
  1. Trends & External Forces
Content Guy’s Note:  Scott Moses, Managing Director and head of the Grocery, Pharmacy & Restaurants investment banking practice at Solomon Partners, last week posted on his company’s website an analysis of the Federal Trade Commission’s recent Merger Guidelines Listening Forum videoconference, designed to allow the FTC’s leadership to hear from members of the public about […]
  1. Trends & External Forces
We had a story the other day about how Starbucks is going to test three different formats in Seattle, prompting MNB reader Gwen Morrison to write: New store concepts usually test features that can be migrated or scaled across the majority of  formats. A retro “past” Starbucks might make sense as a one-off in their […]
  1. Corporate Strategy
Bed Bath & Beyond has replaced its CEO, the retailer announced Wednesday (June 29) in the wake of another disappointing earnings report. Sue Gove, an independent director on the company’s board and chair of its strategy committee, has been named interim chief executive of the household furnishings provider, replacing Mark Tritton, who is stepping down […]
  1. Channel: Dollar/Value
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 […]
  1. Trends & External Forces
While only a few months ago U.S. retailers were scrambling to fill their shelves due to supply chain delays, many are now facing inventory surpluses and having to discount unsold goods, according to a Reuters report. Average retail inventories have been rising quickly, too. The Reuters article cited research from Citi that found 11 of […]
  1. Channel: Dollar/Value
Dollar Tree reported a 6.5 percent sales gain in the first quarter and the chain’s earnings rose to $2.37 a share, up from $1.60 a year ago. “During the quarter, the Dollar Tree team successfully completed its conversion to the $1.25 price point, contributing to both sales and margin improvements,” CEO Michael Witynski said.

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  2. Corporate Strategy
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RTIH rounds up the retail systems ventures whose funding rounds have been making headlines, including Swiftly, Ryft, Instant Commerce, and 1MRobotics. 1. Ryft Ryft, a PSD2 compliant payments system firm, has raised a seed round, led by SFC Capital. Additional investors include the ex-founder of Shutterstock and the founder of LoveFilm. This brings Ryft’s total […]
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Axios reports that “Walmart+ members in some U.S. markets will be able to schedule to have returns picked up from their doorsteps starting the first week in October … ‘Return Pickup from Home’ is scheduled by app.” Walmart says that “members won’t need to provide a box or a label – simply hand off the […]