Family Dollar

  1. Data & Insights

Family Dollar Selects AI-Powered Solution to Enhance Category Management

Family Dollar will use solutions from Dunnhumby to make merchandising and category management more customer-centric across its store network. Dunnhumby will use customer data science as well as consumer-led insights and collaboration to help Family Dollar make merchandising decisions that drive greater engagement with the retailer’s 66 million shoppers. The Family Dollar platform will be […]
2 min read
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  1. Channel: Dollar/Value

Divesting Family Dollar mulled by Dollar Tree

CHESAPEAKE, Va. — Dollar Tree Inc. has launched a review of “strategic alternatives” for its beleaguered Family Dollar unit, including “a potential sale, spin-off or other disposition of the business.” The announcement comes as Dollar Tree confronts a changing economic environment that has prompted a portfolio review. Company executives have identified some 600 Family Dollar […]
3 min read
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  1. Stores & Formats

Store closings are up significantly

NEW YORK — Ahold Delhaize recently said it would shutter an undetermined number of underperforming Stop & Shop supermarkets this year, joining what some press reports have described as a “tsunami” of planned retail store closings. Coresight Research, which tracks store openings and closings, said that as of May 31, major U.S. retailers have announced […]
2 min read
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  1. Channel: Grocery

MMR honors ‘Most Influential Women’ of 2024

MMR held an event in New York this week to honor Mass Market Retailing’s Most Influential Women of 2024. The retail honorees who attended included Alisa Dart of Dollar Tree/Family Dollar, Lindsay Knoop of Hy-Vee, Jocelyn Konrad of Dollar Tree/Family Dollar, Jennifer Lambert of Hy-Vee, Jill Pavlovich of Albertsons, Bonita Price of Dollar Tree/Family Dollar, […]
4 min read
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  1. Channel: Dollar/Value

Dollar Tree exploring spin off or sale of Family Dollar

CHESAPEAKE, Va. – Dollar Tree Inc. has launched a review of “strategic alternatives” for its beleaguered Family Dollar unit, including “a potential sale, spin off or other disposition of the business.” The announcement comes as Dollar Tree confronts a challenging economic environment for deep discounters, prompting an ongoing portfolio review. As part of that review, […]
3 min read
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  1. Channel: Dollar/Value

Dollar Tree Considers Selling Family Dollar Stores as it Reviews Alternatives

Dollar Tree, Inc. has initiated a strategic review of its struggling Family Dollar segment, considering options including a sale, a spinoff or “other disposition of the business,” according to a statement. “Dollar Tree has been on a multi-year journey to help the company fully achieve its potential,” said Rick Dreiling, Chairman and CEO of Dollar […]
< 1 min read
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  1. Merchandising

SpartanNash adds VP for merchandising and pharmacy

GRAND RAPIDS, Mich.— SpartanNash has named Graham McIvor to the newly created post of vice president for merchandising and pharmacy, effective immediately. He will be tasked with accelerating critical components of the company’s merchandising transformation and driving the strategic transformation of the pharmacy business, the food solutions company said. “Continuously progressing our merchandising transformation is […]
2 min read
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  1. Channel: Dollar/Value

Dollar Tree acquires rights to 99 Cents Only Stores

CHESAPEAKE, Va. — Dollar Tree Inc. today said it has acquired the designation rights to 170 leases of 99 Cents Only Stores in four states: Arizona, California, Nevada and Texas. The deal also gives Dollar Tree select intellectual property rights, as well as equipment including on-site furniture and fixtures, the company said in announcing the […]
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 over $41M in fines due to poor conditions at distribution center

The fine is the largest-ever criminal penalty in a food safety case. Family Dollar has agreed to pay over $41 million in fines after pleading guilty to holding food, drugs, medical devices, and cosmetics under unsanitary conditions at its West Memphis, Ark., distribution center. The fine is the largest-ever monetary criminal penalty in a food […]
2 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. Channel: Mass
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Walmart Tops List of Leading US Retailers By 2023 Sales

Walmart leads Forrester’s 2023 US retailer ranking, with Amazon in second. The top 10, representing 38% of total retail sales, remain unchanged from 2022. Walmart has once again secured the top position in Forrester’s annual ranking of the 67 largest US retailers (ranked by 2023 US net retail sales), with Amazon following closely in second […]
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