Family Dollar

  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 […]
< 1 min read
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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

Family Dollar lowers prices to compete with Dollar General

Family Dollar is cutting prices in an effort to win over cash-strapped consumers from competitors such as Dollar General. The chain, according to analysts, has dropped its prices by around five percent since going public with its initiative in August. Family Dollar’s prices are often between 10 and 15 percent higher than Dollar General’s.
< 1 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. 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. Agencies & Vendors

Study: Market Basket, Aldi, WinCo Best At Coping With Inflation Pressures

dunnhumby has released a special edition of its Retailer Preference Index (RPI), looking at which grocers are best serving their customers in a faltering economy, and concluded that the top five are Market Basket, Aldi, WinCo, Grocery Outlet and Save A Lot. Rounding out the top 10:  Lidl, Dollar General, Food4LessFoodsCo, Family Dollar, and Military […]
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  1. Shopper & Customer

Market Basket tops index of retailers for inflationary times

LAS VEGAS, Nev. – Market Basket is rated the top U.S. grocer in terms of gaining customers as consumer prices rise, according to a special edition of the Retailer Preference Index (RPI) from dunnhumby, a provider of customer data and analysis. Market Basket topped all 69 retailers in the Inflation RPI rankings, ahead of household […]
3 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

Family Dollar Fined $1.2M by OSHA for Violations at 2 Ohio Stores

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 […]
2 min read
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  1. Trends & External Forces

Americans’ Embrace Of Frugality Affects Both Buying & Selling

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

Family Dollar/Dollar Tree combo store opening in New Jersey

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.
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  1. Trends & External Forces

Scott Moses, on How The FTC Should Level The Competitive Playing Field

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

Dollar Tree resumes management shake-up

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

Dollar Tree’s Q1 earnings beat expectations

CHESAPEAKE, Va.— Dollar Tree reported a 43.2% increase in net income, to $536.4 million for the first quarter ended April 30. Diluted earnings per share for the quarter increased 48.1% to a first-quarter company record $2.37, compared to $1.60 in the prior year’s quarter, the company said Thursday. Consolidated net sales increased 6.5% to $6.90 […]
2 min read
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  1. Channel: Dollar/Value

Flanigan and Gatta join Dollar Tree’s leadership

CHESAPEAKE, Va. — Dollar Tree Inc. has added two members to its leadership team, naming John Flanigan chief supply chain officer and Larry Gatta chief merchandising officer for its Family Dollar banner. Both Flanigan and Gatta spent time at Dollar General Corp. during the tenure of Rick Dreiling, the former Dollar General chief executive who […]
2 min read
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  1. Operations & Supply Chain

Family Dollar To Permanently Close Rat-Infested Warehouse

Family Dollar announced this week that it is closing down the West Memphis, Arkansas, warehouse that was discovered earlier this year to have a massive rodent infestation, which prompted a recall of items that were held there and might have been contaminated.  However, the company maintained that the closure was not related to the Food […]
2 min read
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  1. Shopper & Customer
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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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  11. Stores & Formats

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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