Dollar Tree

  1. Stores & Formats

99 Cents Only Stores Files for Bankruptcy Protection

99 Cents Only Stores announced last week that it had filed for bankruptcy protection in the United States Bankruptcy Court for the District of Delaware, days after it said it was closing all of its 371 locations. Founded in 1982, 99 Cents Only Stores currently operates stores in California, Texas, Arizona and Nevada. Number Holdings, Inc., the parent company […]
2 min read
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  1. Media & Marketing

99 Cents Only to Close All 371 Locations, Hold Liquidation Sale in Business Wind-Down

99 Cents Only Stores will wind down its business and shutter its 371 locations across California, Texas, Arizona and Nevada after more than 40 years in operation. The decision follows a months-long attempt to find an alternative solution, but ultimately the company decided a wind-down was the best way to “maximize the value of 99 Cents Only Stores’ assets,” the company said […]
2 min read
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  1. Channel: Dollar/Value

Dollar Tree retrenching after disappointing Q4

CHESAPEAKE, Va. — Dollar Tree Inc. reported disappointing quarterly earnings and offered a downbeat outlook on March 13 and announced plans to shutter about 1,000 stores, nearly all of which operate under its Family Dollar banner. As part of an ongoing portfolio review, company executives have identified some 600 Family Dollar stores to close in […]
2 min read
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  1. Channel: Dollar/Value

Dollar Tree To Close 1,000 Stores

Dollar Tree said yesterday that it will close 1,000 stores – most of them Family Dollar units – over the next few years, a decision that Axios describes as “a reversal of the retailer’s rapid expansion, which included its 2015 acquisition of Family Dollar.” Six hundred Family Dollar stores are slated to close before the […]
2 min read
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  1. Channel: Dollar/Value

Family Dollar to close nearly 1,000 stores

CHESAPEAKE, Va.— The Family Dollar discount chain said Wednesday that it will close around 1,000 stores. The announcement came as the chain’s parent company, Dollar Tree, announced its fourth-quarter fiscal results for 2023. The chain said it will close 600 locations this year and 370 stores over the next several years as store leases expire. […]
3 min read
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  1. Channel: Dollar/Value

Dollar Tree to Close 600 Family Dollar Stores by August, Another 400 as Leases Expire

Dollar Tree Inc. will shutter approximately 600 Family Dollar stores in the first half of its 2024 fiscal year, which began Feb. 4, 2024. The discount retailer also plans to close an additional 370 Family Dollar stores and 30 Dollar Tree locations over the next several years as each store’s current lease expires. The retailer […]
2 min read
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  1. Channel: Dollar/Value

Family Dollar Teams with Ibotta for Enhanced Digital Offers

CHESAPEAKE, Va.–(BUSINESS WIRE)–Family Dollar (Dollar Tree, Inc., NASDAQ: DLTR) has joined the Ibotta Performance Network (IPN), the first digital network that delivers coordinated promotions across retailer platforms, large third-party publisher sites and Ibotta’s leading direct-to-consumer properties. The collaboration aims to advance Family Dollar’s digital engagement and customer experience to drive more value and loyalty among […]
< 1 min read
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  1. Channel: Dollar/Value

Family Dollar To Pay $41 Million Fine In Rat-Infested-Warehouse Case

The Associated Press reports this morning that Family Dollar Stores, a subsidiary of Dollar Tree Inc., has pleaded guilty “to holding food, drugs, cosmetics and other items under ‘insanitary’ conditions at a now-closed, rodent-infested distribution center in West Memphis, Arkansas,” a plea deal that includes “a sentence of a fine and forfeiture amount totaling $41.675 […]
2 min read
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  1. Channel: Dollar/Value

New Product Contamination Charges Hit Family Dollar

Reuters reports that “Family Dollar and its parent company Dollar Tree are facing new allegations that the discount chain stores sold contaminated or damaged products even as the companies attempt to finalize the settlement of a separate multi-district litigation over claims that rats contaminated products at some stores.” The proposed class action suit in Miami […]
2 min read
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  1. Department: Food

Chicago Puts A Lid On Dollar Store Growth

The Chicago Sun Times reports that the City Council there has approved a new ordinance that “will prevent dollar store operators from opening within a mile of an existing dollar store owned or managed by the same controlling person.” The move comes “amid complaints of filthy, unsafe stores in the city pushing shoppers to cleaner […]
2 min read
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  1. Stores & Formats

Chicago To Crack Down On Dollar Store Openings

Axios reports that “Chicago’s City Council is expected to vote next week on a proposal to limit where certain dollar stores can open … The proposed crackdown comes as many city officials decry maintenance and safety issues at such stores, while others say they keep a crucial retail presence in neighborhoods abandoned by larger stores.” […]
< 1 min read
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  1. Trends & External Forces

10 Solutions for Combatting Retail Theft

Major retailers reported record levels of retail theft in 2023, and it seems that the problem is only worsening by the day. According to a 2023 National Retail Security Survey, retail losses swelled to $112.1 billion in 2022, up a staggering 19 percent from $93.9 billion the year prior. Popular retail chains like Target, Kohl’s, […]
3 min read
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  1. Data & Insights

Black Friday and Cyber Monday post slow sales growth; Online Marketplaces outperform

Track retail sales for free Key Takeaways Holiday sales declined 1.6% YoY in the first 29 days of the holiday season Black Friday to Cyber Monday sales grew 1.0% YoY Amazon and Walmart were shoppers’ favorite Black Friday-Cyber Monday brands Holiday sales remain weak after Black Friday, Cyber Monday Contact Sales for more details. Holiday sales […]
5 min read
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Toy maker MGA Entertainment launches DTC website

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