Family Dollar

  1. 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 […]
3 min read
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  1. 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 […]
2 min read
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  1. 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 […]
4 min read
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  1. 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 […]
3 min read
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  1. 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 […]
2 min read
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  1. 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, […]
2 min read
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  1. 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, […]
4 min read
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  1. 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 […]
< 1 min read
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  1. 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.
< 1 min read
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  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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Kroger Delivers its First-Party Data to the Yahoo DSP

Yahoo Advertising and Kroger Precision Marketing (KPM) — the retail media business of Kroger, powered by 84.51° — are teaming up to bring Kroger’s first-party, purchase-based audiences to the Yahoo Demand-Side Platform (DSP). Yahoo DSP advertisers can now activate KPM’s audiences to reach targeted consumers with their advertising and measure campaign results. While off-site advertising […]
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Amazon tops expectations for revenue, earnings

SEATTLE – Amazon posted better-than-expected revenue and earnings in the quarter ended March 31. Net sales increased 13% from a year earlier to $143.3 billion. The company reported first-quarter net income of $10.4 billion, or 98 cents a diluted share, compared to $3.2 billion a year earlier. Amazon’s operating income surged to $15.3 billion, up […]
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Walmart to close all 51 health centers

BENTONVILLE, Ark. — Walmart today said it has made the “difficult decision” to close its Walmart Health and Walmart Virtual Care clinics, citing a lack of profitability. “The decision to close all 51 health centers across five states and shut down the virtual care offering was not easy. We understand this change affects lives – […]
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