Channel: Dollar/Value Dollar Tree sees sales gain in first quarter CHESAPEAKE, Va. — Dollar Tree Inc. continued to make progress in its first quarter ended April 29, reporting sales gains and more transactions in its stores. But earnings were hurt by increased shrink and a shift in consumer spending to less profitable merchandise. “Our initiatives to drive customer traffic and increase store productivity are having […] MMR May 25, 2023May 25, 2023 3 min read Dollar TreeFamily DollarBrick and MortarStore LocationResults & InvestmentOperations & Supply ChainSustainabilityExecutivesShoppersAssociatesConsumersEconomyLegal & Criminal 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Dollar Stores Converging with Traditional Grocery and Mass Retail, New ChaseDesign Survey Reveals SYRACUSE, N.Y.–(BUSINESS WIRE)–Deep discount retailers like Dollar General, Dollar Tree and Family Dollar are poised to capture even more food and non-food grocery sales BusinessWire - Supermarket April 27, 2023April 27, 2023 < 1 min read Thick DataBrick and MortarDept. GroceryFamily DollarDollar TreeDollar General 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Family Dollar’s founder has died Leon Levine, the founder of Family Dollar, has died at 85. Mr. Levine grew Family Dollar from a single store in downtown Charlotte, NC, to a successful chain with locations nationwide. He retired as chairman in 2002. RetailWire April 12, 2023April 18, 2023 < 1 min read Family DollarExecutives 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Dollar General Again Found in Violation of Federal Workplace Safety Standards Dollar General has again been found in violation of federal workplace safety regulations for “willfully exposing” staff to fire hazards at a Pennsylvania store, the Department of Labor said Friday, reports CNBC. Investigators found “dangerous safety hazards,” including blocked emergency exit routes and electrical panels, at a Jersey Shore, Pennsylvania store during a November inspection that […] Kristina Stidham April 11, 2023April 11, 2023 2 min read Dollar GeneralAssociatesBrick and MortarResults & InvestmentMarketing: In StoreHealth & WellnessFamily DollarExecutivesDollar Tree 0 Saving Bookmark this article Bookmarked
Channel: Mass Target, Macy’s and Dollar Tree Prep for a Tough Year Despite Holiday Success While the 2022 holiday season was an overall success, the specter of a potential recession was clearly looming over the retail industry in the final months of the year. That pressure can be felt in the Q4 2022 results and fiscal 2023 outlooks released by a multitude of retailers this week. Walmart has already warned […] Retail TouchPoints March 3, 2023March 5, 2023 4 min read TargetBrick and MortarDollar TreeOperations & Supply ChainAssociatesExecutivesHoliday & EventsStrategyBOPISResults & InvestmentShoppersEconomyMarketing: TradeOwned Brands (Private Label)Predictions and ForecastsReturnsMarketing: In StoreWalmartOmnichannelDept. FreshPricing & PromotionsMarketing: Direct & PersonalizationInclusivityFlagship StoresFamily DollarConsumersDept. NonfoodDept. HBCDept. FuelCOVID19DeliveryDept. ApparelMerchandising 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Dollar Tree fined over $250K for safety violations Since 2017, federal and state OSHA programs have identified over 300 violations in more than 500 inspections at Dollar Tree and Family Dollar stores Supermarket News March 2, 2023March 2, 2023 < 1 min read Dollar TreeFamily DollarBrick and Mortar 0 Saving Bookmark this article Bookmarked
Stores & Formats Resistance To Dollar Stores Grows In Some Communities From the New York Times this morning: “Since 2019, at least 75 communities have voted down proposed dollar stores, while roughly 50 have enacted moratoriums or other broad limits on dollar store development, according to a new report by the Institute for Local Self-Reliance, an organization that is critical of corporate retailers and their impact […] MorningNewsBeat March 2, 2023March 5, 2023 3 min read Brick and MortarDollar GeneralAssociatesEconomyDept. GroceryDollar TreeWalmartThick DataRestaurantsSustainabilityTargetTechnology & InnovationPredictions and ForecastsFamily Dollar 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Dollar Tree closes 2022 with momentum CHESAPEAKE, Va. – Dollar Tree Inc. today announced plans to accelerate its capital-spending plans following a strong financial performance the second half of the fiscal year ended January 28. “We are committed to driving further store productivity as we focus on developing our people, tools and technology to fuel our accelerated growth, while simplifying our […] MMR March 1, 2023March 1, 2023 2 min read Dollar TreeBrick and MortarResults & InvestmentExecutivesFamily DollarInternational - North AmericaOperations & Supply ChainAssociatesTechnology & InnovationDept. FuelDept. NonfoodMerchandisingPepsiCoPredictions and ForecastsShoppersStrategy 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Dreiling is new CEO at Dollar Tree CHESAPEAKE, Va. — Dollar Tree Inc., which is set to announce its fourth quarter results on March 1, is under new management. Executive chairman Rick Dreiling has taken on the additional role of chief executive officer. Mike Witynski, who has been in leadership positions at Dollar Tree since 2010 and served as CEO since 2020, […] MMR February 28, 2023February 28, 2023 2 min read ExecutivesDollar TreeAssociatesSustainabilityAcquisitionCOVID19Dept. FreshDollar GeneralFamily DollarInclusivityStrategy 0 Saving Bookmark this article Bookmarked
Shopper & Customer Three Moves Retail and Consumer Goods Companies Need to Master in 2023 The last few years have brought unique challenges to the global marketplace, and 2023 is undoubtedly poised to continue the trend. While the lingering effects of the pandemic – including supply chain constraints and labor shortages – have started to lessen in markets around the world, reduced consumer demand and inventory overstock, rising labor costs, […] Rethink Retail February 14, 2023February 14, 2023 4 min read ConsumersOperations & Supply ChainSustainabilityAssociatesData & InsightsStrategyEconomyShoppersPackagingMarketing: TradeOmnichannelFamily DollarRite AidResults & InvestmentPartnershipsDollar TreeOwned Brands (Private Label)MerchandisingExecutivesBrick and MortarDept. NonfoodCOVID19AI 0 Saving Bookmark this article Bookmarked
Stores & Formats Bricks-And-Mortar Store Growth To Triple This Year Axios reports on a new Coresight Research study saying that retailers plan to open three times as many physical stores in 2023 as they did in 2022. And a big driver of that bricks-and-mortar growth – price-driven formats: “The top six retailers opening stores in 2022 were dollar chains and discounters, including Dollar General, Family […] MorningNewsBeat February 13, 2023February 13, 2023 < 1 min read Brick and MortarShoppersTechnology & InnovationFamily DollarDollar TreeDollar GeneralCOVID19Aldi 0 Saving Bookmark this article Bookmarked
Stores & Formats Dollar stores vie for greater share of the grocery market Dollar stores have increased their emphasis on consumables in recent years, and consumers looking to stretch their food dollars are increasingly shopping at Dollar General and Family Dollar. More than 20 percent of consumers currently buy groceries in dollar stores, according to Foresight. RetailWire February 6, 2023February 6, 2023 < 1 min read Brick and MortarConsumersFamily DollarDollar GeneralDept. Grocery 0 Saving Bookmark this article Bookmarked
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: Social MediaTractor 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: Social MediaShoppersExecutivesGrocery 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: Social MediaMerchandisingStrategy 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 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
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
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
Stores & Formats Rodent infestation leads to recalls at more than 400 Family Dollar stores The stores are located across Alabama, Arkansas, Louisiana, Missouri, Mississippi and Tennessee. CNBC February 19, 2022February 19, 2022 < 1 min read Brick and MortarFamily Dollar 0 Saving Bookmark this article Bookmarked
Acquisitions, Divestitures & Mergers Channel: Home Improvement Acquisitions, Divestitures & Mergers Corporate Finance Operations & Supply Chain Home Depot Acquires SRS for $18.25B, Boosting Pro Sales Home Depot recently announced its acquisition of SRS Distribution for a whopping $18.25 billion. This hefty investment marks the company’s boldest stride yet to seize a larger share of the professional market, particularly targeting contractors and roofers. Written by RetailWire March 28, 2024March 28, 2024 Saving Bookmark this article Bookmarked
Channel: Grocery Channel: Grocery Kroger to close 3 e-commerce fulfillment facilities The grocer said it will shutter one Ocado-powered spoke in South Florida and two others in Texas in late May. Written by Grocery Dive March 27, 2024March 28, 2024 Saving Bookmark this article Bookmarked
Media & Marketing Corporate Strategy Media & Marketing Data & Insights Shopper & Customer Trends & External Forces Charted: Car Brand Loyalty in 2024 See this visualization first on the Voronoi app. Car Brand Loyalty in 2024 This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. This graphic visualizes the best and worst car brands in terms of brand loyalty. […] Written by Visual Capitalist March 26, 2024March 26, 2024 Saving Bookmark this article Bookmarked
Retail Ecosystem ESG Media & Marketing Agencies & Vendors Retail Ecosystem Data & Insights International Shopper & Customer Technology & Innovation Trends & External Forces Operations & Supply Chain Key Takeaways From Shoptalk Spring 2024 Shoptalk always brings the best and brightest minds of the industry together for four days packed with insights, networking opportunities, trend predictions and so much more. This year, the spring event in Las Vegas was no exception. But like many other major industry events, Shoptalk can feel like you’re sprinting a marathon — there’s so […] Written by TotalRetail March 25, 2024March 26, 2024 Saving Bookmark this article Bookmarked
Department: Consumer Durables Department: Consumer Durables Corporate Strategy Corporate Finance Partnerships & Alt Profit Shopper & Customer Trends & External Forces Stores & Formats Nike Pivots, Embraces Wholesale Once Again Amid faltering demand for shoes and clothing as well as slipping digital sales, Nike Inc. said last week that it will bank a lot more on the thing it has spent the past several years turning away from: other retailers. Executives discussed those plans on Nike’s earnings call, during which it announced that while fiscal […] Written by TotalRetail March 25, 2024March 26, 2024 Saving Bookmark this article Bookmarked