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 […] Retail TouchPoints January 24, 2023January 24, 2023 < 1 min read ExecutivesDollar TreeAcquisitionAssociatesCOVID19Dollar GeneralDept. FreshWalmartFamily DollarMerchandisingOperations & Supply ChainStrategy 0 Saving Bookmark this article Bookmarked
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 […] MMR January 24, 2023January 24, 2023 2 min read ExecutivesDollar TreeAssociatesAcquisitionStrategyFamily DollarDollar GeneralDept. FreshCOVID19 0 Saving Bookmark this article Bookmarked
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 […] Grocerant Guru January 17, 2023January 17, 2023 3 min read ConsumersBrick and MortarDept. GroceryData & InsightsShoppersRestaurantsTechnology & InnovationMerchandisingFamily DollarDept. PerimeterDept. FreshDollar TreeDollar GeneralKrogerMarketing: In StoreStore Location 0 Saving Bookmark this article Bookmarked
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 […] MorningNewsBeat December 20, 2022December 20, 2022 2 min read Brick and MortarEconomyTechnology & InnovationDollar GeneralDollar TreeAcquisitionStore FormatKrogerAlbertsons / SafewayOperations & Supply ChainDept. NonfoodCOVID19ConsumersAssociatesFamily Dollar 0 Saving Bookmark this article Bookmarked
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. […] MMR December 6, 2022December 6, 2022 2 min read Dollar GeneralExecutivesOperations & Supply ChainProcter & GambleShoppersMarketing: SocialTractor Supply CompanyResults & InvestmentFamily DollarDollar TreeDept. HBCAssociatesAldi 0 Saving Bookmark this article Bookmarked
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. RetailWire December 3, 2022December 3, 2022 < 1 min read Family DollarDollar GeneralConsumers 0 Saving Bookmark this article Bookmarked
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 […] Grocerant Guru November 30, 2022November 30, 2022 3 min read Dollar TreeDept. BeverageDept. GroceryConsumersData & InsightsBrick and MortarFamily DollarEconomyOperations & Supply ChainMarketing: SocialShoppersExecutivesGrocery OutletMarketing: TradeMerchandisingPricing & PromotionsResults & InvestmentStore Location 0 Saving Bookmark this article Bookmarked
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 […] MMR November 24, 2022November 25, 2022 2 min read ExecutivesDollar TreeStore LocationFamily DollarBrick and MortarSustainabilityOperations & Supply ChainShoppersResults & InvestmentAssociatesDollar GeneralInclusivityMarketing: SocialMerchandisingStrategy 0 Saving Bookmark this article Bookmarked
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 […] MMR October 11, 2022October 11, 2022 < 1 min read AssociatesDollar TreeFamily DollarBrick and MortarShoppersInclusivityConsumers 0 Saving Bookmark this article Bookmarked
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 […] MMR October 10, 2022October 10, 2022 2 min read ExecutivesDollar TreeInternationalAssociatesDept. BeverageRestaurantsConsumersBrick and MortarDept. BakeryDept. GroceryDept. NonfoodFamily DollarMarketing: In StorePartnershipsShoppersEconomyStrategy 0 Saving Bookmark this article Bookmarked
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 […] Retail TouchPoints September 28, 2022September 28, 2022 2 min read ExecutivesDollar TreeInternationalDept. NonfoodBrick and MortarMergersDollar GeneralStrategyFamily DollarInternational - North AmericaOperations & Supply ChainResults & InvestmentAssociates 0 Saving Bookmark this article Bookmarked
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 […] MMR September 27, 2022September 27, 2022 2 min read Dollar TreeExecutivesInternationalDept. NonfoodAssociatesBrick and MortarMarketing: BrandFamily DollarOperations & Supply ChainShoppersPredictions and ForecastsConsumersMarketing: SocialMarketing: In StoreInternational - North AmericaEconomyStrategy 0 Saving Bookmark this article Bookmarked
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 […] MorningNewsBeat September 21, 2022September 21, 2022 < 1 min read EconomyAldiLidlAmazonWegmansThe Fresh MarketStore LocationSave A LotPublixMarketing: Retail MediaInsight ProvidersGrocery OutletFamily DollardunnhumbyDollar GeneralDept. FreshBig DataKroger 0 Saving Bookmark this article Bookmarked
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 […] MMR September 20, 2022September 20, 2022 3 min read Technology & InnovationShoppersEconomyInsight ProvidersBig DatadunnhumbyMarketing: Retail MediaThick DataDollar GeneralWalmartCOVID19LidlData & InsightsDept. GroceryFamily DollarMarketing: TradeAldiConsumersStore LocationWakefernBJ’s Wholesale ClubMarketing: Direct & PersonalizationMarketing: SocialSave A LotOwned Brands (Private Label)Grocery OutletKrogerDept. NonfoodAhold Delhaize 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Why is Family Dollar hacking at its prices amid inflation? Hint: The answer starts with ‘D’ and ends with ‘ollar General.’ RetailDive September 14, 2022September 14, 2022 < 1 min read Family DollarEconomy 0 Saving Bookmark this article Bookmarked
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 […] Retail TouchPoints August 26, 2022August 26, 2022 2 min read ExecutivesDollar TreeWalmartResults & InvestmentFamily DollarPartnershipsBrick and MortarCompetitionReturnsOwned Brands (Private Label)RestaurantsStrategyShoppersMarketing: TradePricing & Promotions 0 Saving Bookmark this article Bookmarked
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 […] MMR August 25, 2022August 25, 2022 2 min read ExecutivesDollar TreeResults & InvestmentWalmartStrategyMarketing: BrandOperations & Supply ChainRestaurantsFamily DollarMarketing: SocialMerchandisingPartnershipsPredictions and ForecastsTechnology & InnovationData & InsightsBrick and Mortar 0 Saving Bookmark this article Bookmarked
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 […] MMR August 25, 2022August 25, 2022 2 min read Dollar TreeBrick and MortarFamily DollarOperations & Supply ChainAssociatesReturnsResults & InvestmentShoppersOwned Brands (Private Label)Marketing: BrandInternational - North AmericaExecutivesDept. GroceryDept. FuelCustomer ExperienceConsumersTechnology & InnovationMarketing: Social 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Shares of Dollar Tree fall after company cuts guidance, citing investments in competitive pricing Shares of Dollar Tree fell after the company cut its financial outlook for the year as it invests in offering more competitive prices at its Family Dollar stores. CNBC August 25, 2022August 25, 2022 < 1 min read Dollar TreeResults & InvestmentFamily DollarBrick and Mortar 0 Saving Bookmark this article Bookmarked
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 […] Kristina Stidham August 2, 2022August 2, 2022 2 min read Brick and MortarFamily DollarAssociatesDollar TreeHealth & WellnessGovernmentDept. Grocery 0 Saving Bookmark this article Bookmarked
Stores & Formats Family Dollar hit with $1.2 million in OSHA fines 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. CNBC August 1, 2022August 1, 2022 < 1 min read Family DollarBrick and Mortar 0 Saving Bookmark this article Bookmarked
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 […] MorningNewsBeat August 1, 2022August 1, 2022 3 min read EconomyConsumersDept. FreshGovernmentDept. NonfoodBrick and MortarOperations & Supply ChainDollar GeneralCOVID19Dept. FuelDept. PerimeterShoppersDept. GroceryExecutivesDept. DairyReturnsCompetitionBankruptcyData & InsightsTechnology & InnovationDollar TreeResults & InvestmentPricing & PromotionsDept. ApparelDept. BeverageFamily DollarDept. Natural / OrganicMarketing: TradeWalmart 0 Saving Bookmark this article Bookmarked
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. RetailWire July 27, 2022July 27, 2022 < 1 min read Dollar TreeFamily DollarStore FormatAldi 0 Saving Bookmark this article Bookmarked
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 […] MorningNewsBeat July 5, 2022July 5, 2022 8 min read ConsumersGovernmentMergersCompetitionResults & InvestmentWalmartBrick and MortarAmazonEconomyCOVID19Technology & InnovationExecutivesBankruptcyPartnershipsDollar GeneralSoutheastern GrocersTargetAldiCostcoOperations & Supply ChainAssociatesOcadoMarketing: In StoreUnited Natural FoodsLidlDept. GroceryDept. BeverageFamily DollarDept. DairyData & InsightsC&S Wholesale GrocersVendorsKrogerDeliveryRestaurantsHealth & WellnessDollar TreeDept. PharmacyDept. Natural / OrganicDept. Fuel 0 Saving Bookmark this article Bookmarked
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 […] MMR June 28, 2022June 28, 2022 2 min read Dollar TreeExecutivesBrick and MortarResults & InvestmentAssociatesInternational - North AmericaStrategyDollar GeneralFamily DollarInclusivityLegal & CriminalOperations & Supply ChainPredictions and ForecastsPress Release 0 Saving Bookmark this article Bookmarked
Operations & Supply Chain Family Dollar to shutter distribution center FDA flagged as rodent-infested Issues at the Arkansas facility led to a voluntary recall of several product categories and the temporary closure of some 400 stores. RetailDive June 15, 2022June 15, 2022 < 1 min read Operations & Supply ChainGovernmentFamily DollarBrick and Mortar 0 Saving Bookmark this article Bookmarked
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 […] MMR May 26, 2022May 26, 2022 2 min read Results & InvestmentDollar TreeOperations & Supply ChainAssociatesBrick and MortarFamily DollarData & InsightsShoppersTechnology & InnovationExecutivesMerchandisingMarketing: SocialPredictions and Forecasts 0 Saving Bookmark this article Bookmarked
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 […] MMR May 23, 2022May 23, 2022 2 min read ExecutivesOperations & Supply ChainDollar GeneralDollar TreeFamily DollarDept. BeverageDept. NonfoodDept. GroceryStore FormatAlbertsons / SafewayBrick and MortarDept. PetConsumersAssociatesMerchandisingRite AidShoppersStore LocationEconomyTechnology & Innovation 0 Saving Bookmark this article Bookmarked
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 […] MorningNewsBeat May 21, 2022May 21, 2022 2 min read Operations & Supply ChainFamily DollarGovernmentDeliveryBrick and MortarDollar TreeDept. GroceryAssociates 0 Saving Bookmark this article Bookmarked
Operations & Supply Chain Family Dollar to shutter rat infested warehouse Family Dollar is permanently closing a distribution center in Arkansas that was found earlier this year to be infested with rodents. The infestation led to the temporary closures of more than 400 stores as goods shipped from the warehouse were potentially contaminated. RetailWire May 20, 2022May 20, 2022 < 1 min read Operations & Supply ChainFamily DollarBrick and Mortar 0 Saving Bookmark this article Bookmarked
Shopper & Customer Department: Nonfood Corporate Strategy Corporate Finance ESG Media & Marketing Agencies & Vendors Data & Insights Shopper & Customer Trends & External Forces Holiday & Events Operations & Supply Chain 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, […] Written by Kelly Pedersen January 26, 2023January 26, 2023 Saving Bookmark this article Bookmarked
Data & Insights Department: Consumer Durables ESG Media & Marketing Data & Insights Shopper & Customer Technology & Innovation Trends & External Forces Holiday & Events Operations & Supply Chain 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. […] Written by Doorcounts January 26, 2023January 26, 2023 Saving Bookmark this article Bookmarked
Channel: Grocery - Natural Channel: Grocery - Natural Data & Insights Technology & Innovation Stores & Formats Just Walk Out gives Whole Foods stores an edge, data shows The two stores in the chain outfitted with Amazon’s checkout-free technology did better in some ways than nearby locations without the automated system during the second half of 2022, Placer.ai found. Written by Grocery Dive January 26, 2023January 26, 2023 Saving Bookmark this article Bookmarked
Shopper & Customer Channel: Grocery Department: Food Shopper & Customer Trends & External Forces ShopRite adds online filters to help shoppers choose products and recipes The improvements are intended to help shoppers find products and recipes that meet specific criteria, such as dairy-free, vegan, vegetarian and gluten-free. Written by Grocery Dive January 26, 2023January 26, 2023 Saving Bookmark this article Bookmarked
Technology & Innovation Department: Nonfood Data & Insights Technology & Innovation 7 online grocery trends for retailers to watch Online grocery shopping is here to stay. Top online grocery trends include AI tools, drone delivery, data security, and ready-made meals. Written by Future of Commerce January 26, 2023January 26, 2023 Saving Bookmark this article Bookmarked