Dollar Tree

  1. Stores & Formats

Dollar Stores Double Down With Remodels, New Stores

The Financial Times has a piece about how dollar store chains in the US “are getting a makeover as inflation drives more demanding middle-income consumers through their doors. “The industry’s biggest chains have both announced plans to remodel almost twice as many stores as they will open this year. Dollar General and Dollar Tree will […]
< 1 min read
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  1. Shopper & Customer

6 Ways Rising Costs are Impacting Consumer Behavior

Consumers have struggled with rising inflation concerns for well over a year, and the uncertainty has profoundly impacted family spending decisions.  As the economic downturn stretches into the second quarter of 2023, consumer confidence is still on shaky ground, even as inflation shows signs of slowing down.  According to a study by Deloitte, consumer concern […]
4 min read
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  1. Channel: Dollar/Value

Dollar General Again Found in Violation of Federal Workplace Safety Standards

Dollar General has again been found in violation of federal workplace safety regulations for “willfully exposing” staff to fire hazards at a Pennsylvania store, the Department of Labor said Friday, reports CNBC. Investigators found “dangerous safety hazards,” including blocked emergency exit routes and electrical panels, at a Jersey Shore, Pennsylvania store during a November inspection that […]
2 min read
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  1. Merchandising

Retail Assortment Strategies: What Are They & How Do They Work?

As a retailer, getting shoppers into your store is the first big hurdle, but then comes an even more complex beast—getting them to make a purchase. One essential component of this is using the best retail assortment strategy for your store. For some retailers, simply offering a wide variety of items is the key, even […]
6 min read
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  1. Channel: Delivery

SN Top 10: Dollar Tree, Kroger, Doordash top the week's headlines

In this week’s recap of the Top 10 most popular Supermarket News articles, the top story was FTC turns to competition about Kroger / Albertsons merger. According to a Wall Street Journal report, the FTC wants to know how retailers
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  1. Associates & Employees

Dollar General Commits $100M to Increasing Employee Hours as Labor Competition Continues

Dollar General will invest nearly $100 million to increase labor hours for its more than 170,000 store employees in 2023 to enable “consistent store standards while further enhancing the associate and customer experience,” said CEO Jeffrey Owen on the company’s fiscal year 2022 earnings call. The move comes as retailers continue to struggle to attract […]
2 min read
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  1. Channel: Mass

Target, Macy’s and Dollar Tree Prep for a Tough Year Despite Holiday Success

While the 2022 holiday season was an overall success, the specter of a potential recession was clearly looming over the retail industry in the final months of the year. That pressure can be felt in the Q4 2022 results and fiscal 2023 outlooks released by a multitude of retailers this week. Walmart has already warned […]
4 min read
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  1. Associates & Employees

Kroger Plans $770M Investment in Raising Wages, Boosting Benefits for Frontline Workers

Kroger will make a more than $770 million incremental investment in its associates during 2023 in order to raise average hourly rates, improve healthcare options and build new training and development opportunities, among other plans. This initiative builds on the $1.9 billion Kroger has invested in its workers since 2018. The grocer’s investments in its […]
2 min read
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  1. Stores & Formats

Resistance To Dollar Stores Grows In Some Communities

From the New York Times this morning: “Since 2019, at least 75 communities have voted down proposed dollar stores, while roughly 50 have enacted moratoriums or other broad limits on dollar store development, according to a new report by the Institute for Local Self-Reliance, an organization that is critical of corporate retailers and their impact […]
3 min read
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  1. Channel: Dollar/Value

Dollar Tree zeroes in on grocery

Dive Brief: Dollar Tree is planning to add “hundreds of national brand equivalents” to its consumables private label portfolio in the back half of the year, Rick Dreiling, the discounter’s chairman and CEO, told investors during the company’s fourth-quarter earnings call Wednesday. Also in 2023, Dollar Tree is aiming to add 16,000 cooler doors to its stores, […]
2 min read
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  1. Channel: Dollar/Value

Dollar Tree closes 2022 with momentum

CHESAPEAKE, Va. – Dollar Tree Inc. today announced plans to accelerate its capital-spending plans following a strong financial performance the second half of the fiscal year ended January 28. “We are committed to driving further store productivity as we focus on developing our people, tools and technology to fuel our accelerated growth, while simplifying our […]
2 min read
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  1. Channel: Dollar/Value

Dreiling is new CEO at Dollar Tree

CHESAPEAKE, Va. — Dollar Tree Inc., which is set to announce its fourth quarter results on March 1, is under new management. Executive chairman Rick Dreiling has taken on the additional role of chief executive officer. Mike Witynski, who has been in leadership positions at Dollar Tree since 2010 and served as CEO since 2020, […]
2 min read
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  1. Channel: Ecommerce & Digital

Specialty Retailers Make Progress In Customer Satisfaction Scores

The American Customer Satisfaction Index’s (ACSI) Retail and Consumer Shipping Study 2022-2023 is out, reporting that “while overall customer satisfaction with the Retail Trade sector slips 0.5% to a score of 74.7 (out of 100),” significant ground has been gained by a number of retailers, especially those with a specialty focus. Some excerpts: •  “Customer […]
2 min read
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  1. Shopper & Customer

Three Moves Retail and Consumer Goods Companies Need to Master in 2023

The last few years have brought unique challenges to the global marketplace, and 2023 is undoubtedly poised to continue the trend.  While the lingering effects of the pandemic – including supply chain constraints and labor shortages – have started to lessen in markets around the world, reduced consumer demand and inventory overstock, rising labor costs, […]
4 min read
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  1. Stores & Formats

Bricks-And-Mortar Store Growth To Triple This Year

Axios reports on a new Coresight Research study saying that retailers plan to open three times as many physical stores in 2023 as they did in 2022. And a big driver of that bricks-and-mortar growth – price-driven formats:  “The top six retailers opening stores in 2022 were dollar chains and discounters, including Dollar General, Family […]
< 1 min read
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  1. Media & Marketing

The Daily QuickWit (2/7): Top Retail News

Yesterday's top retail news and most read stories in commerce.
2 min read
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Kroger Delivers its First-Party Data to the Yahoo DSP

Yahoo Advertising and Kroger Precision Marketing (KPM) — the retail media business of Kroger, powered by 84.51° — are teaming up to bring Kroger’s first-party, purchase-based audiences to the Yahoo Demand-Side Platform (DSP). Yahoo DSP advertisers can now activate KPM’s audiences to reach targeted consumers with their advertising and measure campaign results. While off-site advertising […]
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  10. Stores & Formats

Amazon tops expectations for revenue, earnings

SEATTLE – Amazon posted better-than-expected revenue and earnings in the quarter ended March 31. Net sales increased 13% from a year earlier to $143.3 billion. The company reported first-quarter net income of $10.4 billion, or 98 cents a diluted share, compared to $3.2 billion a year earlier. Amazon’s operating income surged to $15.3 billion, up […]
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  10. Stores & Formats

Walmart to close all 51 health centers

BENTONVILLE, Ark. — Walmart today said it has made the “difficult decision” to close its Walmart Health and Walmart Virtual Care clinics, citing a lack of profitability. “The decision to close all 51 health centers across five states and shut down the virtual care offering was not easy. We understand this change affects lives – […]
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