Dollar Tree

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Family Dollar to Get Rid of 1K Stores

Parent company Dollar Tree made the announcement Wednesday

(Newser) - The bad news keeps coming for Family Dollar, which will see nearly 1,000 stores of its more than 8,000 stores shuttered. The news came Wednesday from parent company Dollar Tree, which announced the discount chain will close 600 stores by the end of June, and another 370 over...

Retailers: Theft Is Killing Our Bottom Lines

Target expects to lose up to $1B this year due to 'shrink,' also taking a toll on Dollar Tree, Kohl's

(Newser) - Dollar Tree is the latest company to partly blame theft for plunging profits. The company's gross profit margin fell to 29.8% last quarter from 32.7% a year earlier, CEO Richard Dreiling and CFO Jeffrey Davis told Wall Street analysts on Thursday, per CNN . They attributed much of...

US Steps Up Dollar General's Workplace Safety Punishment

OSHA puts 'severe violator' label on chain, which allows random inspections

(Newser) - Inspectors have found 111 workplace safety violations in visits to more than 270 Dollar General stores since January 2017. In that time, the company has been fined more than $15.5 million by the Occupational Safety and Health Administration. That record has landed the retailer in the agency's Severe...

Guess What Just Got Yanked From Dollar Tree?

Seems eggs are a little too rich for discount chain's blood until at least the fall

(Newser) - If you need to pick up a dozen eggs and you're passing the local Dollar Tree, keep driving. As Reuters reports, the discount chain has announced that given the dizzying rise in egg prices , it's going to stop carrying eggs until the industry can get its act together...

Dollar Tree 'Help Wanted' Sign Does Not Go Over Well
Dollar Tree 'Help Wanted' Sign
Does Not Go Over Well
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Dollar Tree 'Help Wanted' Sign Does Not Go Over Well

Manager out of a job after saying Gen Z'ers need not apply

(Newser) - A Dollar Tree manager whose "help wanted" sign went viral for the wrong reasons is now out of a job. The story is out of Bremen, Indiana, where WNDU reports that an apparently peeved manager posted the following message on his store's front door: "I apologize for...

'Unacceptable' Visitors at Family Dollar Site Lead to Closures, Recall

Rat infestation at Ark. distribution center forces 400-plus stores to close in South, product recall

(Newser) - Bad news if you're a regular at Family Dollar and you're in the South: Chances are, a location near you may be shuttered temporarily after a rat infestation at an Arkansas distribution warehouse. The Washington Post reports that 404 stores in six states—Alabama, Arkansas, Louisiana, Mississippi, Missouri,...

Dollar Tree Announces First Price Hike in 35 Years

Chain says new price point is $1.25

(Newser) - Dollar Tree has confirmed that its pricing is changing from "everything for $1" to "most things for $1.25." The company says the price hike is permanent and not a reaction to "short-term or transitory market conditions," MarketWatch reports, though analysts say inflation has clearly...

Inflation Forces Dollar Tree to 'Break the Buck'

Some items will now be $1.25 or $1.50

(Newser) - While the company isn't planning to change its name to "$1.50 Tree," Dollar Tree has heeded calls from investors to "break the buck" and raise prices for some items. Since its founding in 1986, when $1 was the equivalent of around $2.50 today, the...

As More Chains Require Masks, 2 Exceptions Make Headlines

Dollar Tree, Winn-Dixie won't mandate that customers wear them

(Newser) - On Friday, budget grocery store Aldi announced masks would be required to enter its stores as of July 27. Two other budget shops are moving in the other direction. USA Today reports Dollar Tree and Family Dollar—which both fall under the Dollar Tree, Inc., umbrella—have reversed course on...

Dollar General Opens Bidding War

Makes $9.7B offer for Family Dollar, topping Dollar Tree's $8.5B bid

(Newser) - There's now a bidding war for Family Dollar, with Dollar General today offering about $9.7 billion for the discounter in an effort to trump Dollar Tree's $8.5 billion bid last month. Dollar General Corp. said today that it would pay $78.50 per share in cash,...

Dollar Tree to Buy Family Dollar for $8.5B

Combined chain will have triple the stores of Walmart

(Newser) - Dollar Tree is buying rival discount store Family Dollar in a cash-and-stock deal valued at about $8.5 billion. Dollar Tree CEO Bob Sasser says the deal will give Dollar Tree more than 13,000 stores in the US and Canada. That is nearly three times as many stores as...

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