Family Dollar

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

Dollar Tree adds two to leadership team

CHESAPEAKE, Va. — Dollar Tree has made two key additions to its leadership team, naming John Flanigan chief supply chain officer and Larry Gatta chief merchandising officer for the Family Dollar banner. “Driving supply chain efficiencies and improving the operating performance of our Family Dollar banner are important elements to long-term value creation for our […]
3 min read
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  1. Channel: Dollar/Value

Arkansas sues Family Dollar over ‘massive and long-lasting’ rodent infestation

The Arkansas attorney general is suing Family Dollar for what it describes as a “massive and long-lasting” rodent infestation at the retailer’s distribution center in West Memphis. The suit follows a Food and Drug Administration inspection that tied infestation at 400 stores to the DC.
< 1 min read
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  1. Channel: Grocery

Save A Lot names Trey Johnson chief merchant

ST. LOUIS — The discount grocery retailer Save A Lot has appointed Trey Johnson as its new chief merchandising officer. He will report directly to chief executive officer Leon Bergmann. Johnson brings more than 30 years of experience to his new role, working with prominent brands and organizations including Albertsons, Big Lots, Family Dollar, Jewel […]
2 min read
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  1. Channel: Dollar/Value

Dreiling appointed to top post on Dollar Tree board

CHESAPEAKE, Va. — Dollar Tree Inc. has shaken up its board of directors, naming Rick Dreiling, former chief executive officer of Dollar General Corp., executive chairman and adding Paul Hilal, CEO of private equity firm Mantle Ridge LP, as vice chair along with five other new directors. Former chairman and CEO Bob Sasser and five […]
2 min read
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  1. Channel: Dollar/Value

A Brand Is More Than Its Name

Brands are dynamic. Great brand leadership evolves brands in order for brands to stay relevant and differentiated in the customer’s mind. Just because a brand evolves to deliver its promise in a more relevant, differentiated manner does not mean the brand must change its name. Pizza Hut sells more than pizza. UPS (United Parcel Service) […]
4 min read
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  1. Channel: Dollar/Value

Dollar General Debuts New Financial Services Portfolio

Dollar General yesterday announced what it called “a series of new financial services aimed at increasing access to banking options and providing additional customer payment alternatives.” Among the offerings introduced is the “spendwell Financial Service,” described as “an innovative, new bank account that provides customers with additional convenience to access and manage personal finances … […]
2 min read
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  1. Channel: Grocery

Your Views:  Mixed Reactions To Kroger’s Pure-Play E-Grocery Strategy

On Friday, MNB reported that Kroger plans to bring its hub-and-spoke approach to an pure-play e-grocery model to three new markets – Austin and San Antonio, Texas, and Birmingham, Alabama. I commented, in part: It seems to me that what we are watching here is the creation of a new competitive reality that will affect […]
4 min read
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  1. Channel: Dollar/Value

Dollar Tree Lays Out 2022 Expansion Plans (Rat Nests Not Included)

Dollar Tree said this week that during the current fiscal year, it “plans to open 590 new stores and to renovate 800 Family Dollar stores. The new stores are expected to consist of 190 Dollar Tree stores and 400 Family Dollar stores. Approximately 350 of the new Family Dollar stores will be in the Combo […]
2 min read
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  1. Channel: Grocery - Natural

Your Views:  Just A Hunch

Yesterday we linked to a CNBC story speculating that Amazon’s grocery business has turned into an “expensive hobby,” as it has tried a number of different strategies and tactics without achieving the dominance that it has reached in other segments. I commented, in part: I do think that it is important for investors, analysts and […]
4 min read
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Editor’s Choice

  1. Shopper & Customer
  2. Corporate Strategy
  3. Corporate Finance
  4. Media & Marketing
  5. Shopper & Customer
  6. Technology & Innovation
  7. Trends & External Forces
  8. Stores & Formats

Retail Vacancy Rate Hits 15-Year Low

Retail vacancies in the United States dropped to 6.1% in the second quarter, a 15-year low, as Americans continued to resume in-store shopping. Asking rents for shopping center spaces during the quarter were 16% higher than five years ago, The Wall Street Journal (WSJ) reported Tuesday (Oct. 4), citing figures from commercial real estate broker […]
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  1. CPG: Food
  2. Department: Food
  3. ESG
  4. Merchandising

Nestlé Confectionery reveals Quality Street and KitKat sustainable pack innovations

Nestlé Confectionery has announced sustainable packaging innovations for two of its best-loved brands – Quality Street and KitKat. In a category first, Quality Street will move to recyclable paper packaging for its twist-wrapped sweets. By replacing the double layer of foil and cellulose with a paper wrap, Quality Street will remove more than two billion […]
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  1. Retail Ecosystem
  2. Channel: Delivery
  3. Channel: Ecommerce & Digital
  4. Channel: Grocery - Natural
  5. Department & Category
  6. Corporate Strategy
  7. Corporate Purpose
  8. ESG
  9. Partnerships & Alt Profit
  10. Media & Marketing
  11. Retailer Media
  12. Agencies & Vendors
  13. Retail Ecosystem
  14. Data & Insights
  15. International
  16. Shopper & Customer
  17. Technology & Innovation
  18. Trends & External Forces
  19. Retail Operations
  20. Associates & Employees
  21. Operations & Supply Chain
  22. Stores & Formats

Groceryshop 2022: Top Retail Influencers’ Key Takeaways

The RETHINK team visited Las Vegas from September 19-22 for Groceryshop 2022. While there, we had the opportunity to speak with many of our Top Retail Influencers and learn about their event experience. #TRI2022 members- Ricardo Belmar, Michael LeBlanc, Jeff Roster, Melissa Minkow, Bryan Gildenberg, Andrea Leigh, and Stewart Samuel- all shared their thoughts on […]
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