by Mike Duff | May 25, 2023 | Retail Articles
Dollar Tree said shrink and purchasing shifts to consumables across its assortment impacted its first-quarter performance as earnings came up short of analyst estimates despite a revenue beat. For the quarter, Dollar Tree posted net income of $299 million, or $1.35...
by Mike Duff | May 3, 2023 | Retail Articles
According to the 2023 ChaseDesign Dollar Store Channel Survey, dollar stores are not only the fastest-growing retail category, but they also are proving more competitive with grocery stores and mass-market retailers. Grocery is now the top category shopped in the...
by Mike Duff | Jan 24, 2023 | Retail Articles
CEO and board member Mike Witynski is exiting Dollar Tree, and chairman Rick Dreiling will expand his role to assume the CEO title effective January 29. Dreiling and investment firm Mantle Ridge effectively took control of Dollar Tree last year and began replacing...
by Mike Duff | Nov 22, 2022 | Retail Articles
Consumers are looking to stretch budgets and Dollar Tree was a beneficiary in the third quarter as the company made changes to management, pricing and store standards to make it more competitive. Net income was $266.9 million, or $1.20 per diluted share, versus...
by Mike Duff | Sep 27, 2022 | Retail Articles
Dollar Tree has announced that Michael Creedon will join the organization as COO. Before his most recent appointment, Creedon was the Advanced Auto Parts executive vp, U.S. stores, one of several executive positions he held at the company, Dollar Tree stated. He also...
