Family Dollar

  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. Stores & Formats

Chicago To Crack Down On Dollar Store Openings

Axios reports that “Chicago’s City Council is expected to vote next week on a proposal to limit where certain dollar stores can open … The proposed crackdown comes as many city officials decry maintenance and safety issues at such stores, while others say they keep a crucial retail presence in neighborhoods abandoned by larger stores.” […]
< 1 min read
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  1. Channel: Dollar/Value

Family Dollar Issues Major Product Recall

The New York Times over the weekend reported that Family Dollar “said that it would voluntarily recall nearly 300 over-the-counter drugs and medical devices that were sold in nearly two dozen states … The items, which included cold medicine, pain relievers, lip balm, toothpaste and mouthwash, were stored outside of labeled temperature requirements and inadvertently […]
< 1 min read
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  1. Channel: Mass

Dollar Tree to partner on seven New York solar power plants

    [[“value”:” Dollar Tree has formed a partnership to support the construction of seven community solar power plants in New York state, which combined are estimated to generate 55.77 GWh (gigawatt hours) of clean energy annually, the equivalent of avoiding more than 24,000 metric tons of CO2 each year, reports media website EnergyTech. The […]
1 min read
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  1. Channel: Dollar/Value

Worth Reading:  “The Worst Retail Job in America”

Bloomberg Businessweek has a cover story about Dollar General, which it describes as “America’s most ubiquitous retailer,” with more than 19,000 US locations, “more than Walmart Inc. and Wendy’s Co. combined. Its main competitor, Dollar Tree Inc., has thousands fewer, even after acquiring rival Family Dollar some years back. Dollar General’s stores seem to be […]
2 min read
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  1. Channel: Dollar/Value

Temu takes share of wallet from Dollar General, Dollar Tree customers

Access chart in Dash. Dollar General shoppers are increasingly buying from online deep discounter Temu according to Earnest credit card data. Since the Pinduoduo-owned online marketplace Temu entered the US market in late 2022, it has shaken up the discount sales space. Temu sells rock-bottom priced home goods and clothing through its gamified app and […]
2 min read
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  1. Shopper & Customer

Reiser’s Pieces: Why Accelerating Your Dollar Strategy Now Makes Sense

“A few years back, when I was with Dollar General in the Chief Merchant seat, Fortune saw us as “a crafty mix of 7-Eleven-like convenience and Walmart-like low prices.” Yeah, but…that description doesn’t begin to do justice to the strong value-and-convenience proposition of the value channel – a proposition that’s put Dollar General and Dollar […]
3 min read
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  1. Channel: Dollar/Value

Dollar Tree Pays $1.35 Million OSHA Fine to Settle Safety Complaints

Dollar Tree will pay a $1.35 million fine to settle safety violations that the Occupational Safety and Health Administration (OSHA) has “repeatedly cited at multiple stores,” according to the U.S. Department of Labor. The retailer, which also operates the Family Dollar chain, also has agreed to remediation of issues including blocked exits, access to fire […]
2 min read
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  1. Channel: Dollar/Value

Dreiling acts to propel growth for Dollar Tree

CHESAPEAKE, Va. — It is now 16 months since Rick Dreiling took the reins at Dollar Tree Inc., and he has not been idle. Suffice to say, the small-box discount sector is about to get much more interesting. Last month Dreiling and the management team he has assembled provided analysts and investors a glimpse of […]
3 min read
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  1. Channel: Grocery

Kroger Q1 Results Show Marginal Sales Improvement

Kroger yesterday said that its Q1 total company sales were $45.2 billion in the first quarter, compared to $44.6 billion for the same period last year. Same-store sales for the first quarter also were up 3.5 percent, and digital sales for the period were up 15 percent. Kroger’s Q1 net earnings were $962 million, compared […]
2 min read
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Ranked: The Largest U.S. Corporations by Number of Employees

See this visualization first on the Voronoi app. The Largest U.S. Corporations by Number of Employees This was originally posted on our Voronoi app. Download the app for free on Apple or Android and discover incredible data-driven charts from a variety of trusted sources. Revenue and profit are common measures for measuring the size of […]
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