Content about Dollar

July 28, 2014

Dollar Tree said it would acquire Family Dollar in a transformational cash and stock deal valued at $8.5 billion to create a company with more than 13,000 stores and annual sales of $18 billion.

Dollar Tree said it would acquire Family Dollar in a transformational cash and stock deal valued at $8.5 billion to create a company with more than 13,000 stores and annual sales of $18 billion.

The deal was unanimously approved by the boards of both companies and involves Dollar Tree paying Family Dollar shareholders $59.60 in cash and $14.90 in equivalent Dollar Tree shares.

June 3, 2014

Undeterred by bad weather and competitive pressures that took a toll on its first quarter performance, Dollar General is pressing ahead with plans for 700 new stores, recently opened its 12th distribution center and believes its full year profit forecast is attainable.

Undeterred by bad weather and competitive pressures that took a toll on its first quarter performance, Dollar General is pressing ahead with plans for 700 new stores, recently opened its 12th distribution center and believes its full year profit forecast is attainable.

May 22, 2014

Increases in traffic and average ticket resulted in record first-quarter sales growth at Dollar Tree.

Increases in traffic and average ticket resulted in record first-quarter sales growth at Dollar Tree.

Consolidated net sales for the quarter were a record $2 billion, a 7.2% increase compared to $1.87 billion reported for last year’s first quarter. Consolidated comparable store sales increased 2% on a constant currency basis. Adjusted for the impact of Canadian currency fluctuations, the comparable-store sales increase was 1.9%.

April 10, 2014

Family Dollar plans to close 370 underperforming stores, cut jobs and lower prices on 1,000 basic items following a disappointing second quarter, which was adversely affected by the extra week in last year's quarter, severe weather, holiday promotions and a challenging consumer environment.

Family Dollar plans to close 370 underperforming stores, cut jobs and lower prices on 1,000 basic items following a disappointing second quarter, which was adversely affected by the extra week in last year's quarter, severe weather, holiday promotions and a challenging consumer environment.

The company is also slowing its new store growth beginning in fiscal 2015 to bolster its return on investment. It now anticipates opening 350 to 400 new stores as opposed to approximately 525 stores in 2014.
 

March 13, 2014

An unrelenting Dollar General continues to push forward with plans to open 700 stores this year despite reporting weak financial results and a 1.3% same-store sales increase for the fourth quarter.

An unrelenting Dollar General continues to push forward with plans to open 700 stores this year despite reporting weak financial results and a 1.3% same-store sales increase for the fourth quarter.

February 26, 2014

Dollar Tree’s fourth quarter results were affected by the extra week in last year’s fourth quarter as well as continued economic challenges.

Dollar Tree’s fourth quarter results were affected by the extra week in last year’s fourth quarter as well as continued economic challenges.

On a year-over-year basis, net income during the fourth quarter declined about 7% to $213 million from $228.6 million, and during the full year fell about 4% to $596.7 million from $619.3 million.

January 9, 2014

The search is on for a new president and COO at Family Dollar following the resignation of Michael Bloom amid deteriorating financial results and a 3% same store sales decline in December.

The search is on for a new president and COO at Family Dollar following the resignation of Michael Bloom amid deteriorating financial results and a 3% same store sales decline in December.

November 4, 2013

A desire to improve operational efficiency and capitalize on scale were cited as reasons for several senior level executive moves at Dollar General.

A desire to improve operational efficiency and capitalize on scale were cited as reasons for several senior level executive moves at Dollar General.

The retailer recently surpassed 11,000 units and chairman and CEO Rick Dreiling said the enhanced management structure involving Todd Vasos and David D’Arezzo would align the company for continued future growth.

October 18, 2013

It’s one down and more than 11,000 to go as Dollar General has opened its first ever fueling station at a store in Hanceville, Ala.

It’s one down and more than 11,000 to go as Dollar General has opened its first ever fueling station at a store in Hanceville, Ala.

The pilot project is part of an agreement with Mansfield Oil, a provider of fuel supply, distribution, delivery, and dispensing solutions. The store in question is one of Dollar General’s larger format Market stores which include expanded food and consumables. Dollar General operates more than 11,000 stores nationwide, but slightly more than 100 units are in the Market format.

October 7, 2013

Dollar General has opened its 11,000th store, further distinguishing the dollar-store operator as the retailer with the most stores in the United States.

Dollar General has opened its 11,000th store, further distinguishing the dollar-store operator as the retailer with the most stores in the United States. 

June 21, 2013

Dollar General received a Gold Stevie award for Company of the Year in Retail at the 11th annual American Business Awards in recognition of the company’s position as an industry leader in the retail sector.

GOODLETTSVILLE, Tenn. — Dollar General received a Gold Stevie award for Company of the Year in Retail at the 11th annual American Business Awards in recognition of the company’s position as an industry leader in the retail sector.

May 23, 2013

Dollar Tree achieved the highest first-quarter operating margin in its history for the first quarter ended May 4.

CHESAPEAKE, Va. — Dollar Tree achieved the highest first-quarter operating margin in its history in the first quarter ended May 4.

Consolidated net sales for the first quarter ended May 4 were $1.9 billion, an 8% increase from $1.7 billion for the quarter ended April 28 last year. The value retailer saw a comparable store sales increase of 2% on top of a 6% increase for the first quarter last year.

April 29, 2013

Family Dollar has announced that EVP of supply chain Charles S. Gibson will leave the company to pursue other interests.

MATTHEWS, N.C. — Family Dollar has announced that EVP of supply chain Charles S. Gibson will leave the company to pursue other interests.
 
“Charlie has overseen the growth and development of our supply chain network and has been a valued part of our team,” said Howard R. Levine, chairman and CEO. “We appreciate the contributions Charlie has made to the company’s success, and we wish him all the best in his future endeavors.”
 

March 25, 2013

Dollar General announced that Susan Lanigan, EVP and general counsel, has decided to retire from Dollar General later this year after nearly 11 years with the company.

GOODLETTSVILLE, Tenn. — Dollar General announced that Susan Lanigan, EVP and general counsel, has decided to retire from Dollar General later this year after nearly 11 years with the company.

February 27, 2013

Dollar Tree reported that consolidated net sales for the fourth quarter were $2.25 billion, a 15.4% increase compared with $1.95 billion reported for the quarter ended Jan. 28, 2012.

CHESAPEAKE, Va. — Dollar Tree reported that consolidated net sales for the fourth quarter were $2.25 billion, a 15.4% increase compared with $1.95 billion reported for the quarter ended Jan. 28, 2012. Comparable-store sales increased 2.4%, on top of a 7.3% increase for the fourth quarter 2011.

Earnings per diluted share for the fourth quarter were $1.01, an increase of 26.3% compared with the 80 cents earnings per diluted share reported for the fourth quarter 2011.

January 23, 2013

Dollar General has big plans for growth in 2013 with the creation of 6,000 new jobs and the planned addition of 635 new stores and 550 relocations.

GOODLETTSVILLE, Tenn — Dollar General has big plans for growth in 2013 with the creation of 6,000 new jobs and the planned addition of 635 new stores and 550 relocations. With the addition of these jobs in 2013, Dollar General will have created approximately 30,000 jobs in the last six years.

December 3, 2012

Less than six months after joining Family Dollar, Tammy L. DeBoer has been named SVP of food.

MATTHEWS, N.C. — Less than six months after joining Family Dollar, Tammy L. DeBoer has been named SVP of food.

DeBoer will report to Paul White, EVP and CMO at the rapidly growing discount retailer. This latest appointment comes as the retailer has taken steps to position itself as a one-stop destination for shoppers with expanded assortments of food and consumables.

November 15, 2012

Family Dollar is positioning itself as a one-stop shop for families this holiday season.

MATTHEWS, N.C. — Family Dollar is positioning itself as a one-stop shop for families this holiday season.

The company plans to have in stock hundreds of toys and gifts priced at $10 or less at its more than 7,000 nationwide locations. The single price point strategy is designed to appeal to the large segment of shoppers hard-hit by the economy and who need stretch their holiday budgets.

October 12, 2012

Dollar General has named Pat Fili-Krushel to its board of directors effective Oct. 15.

GOODLETTSVILLE, Tenn. — Dollar General has named Pat Fili-Krushel to its board of directors effective Oct. 15.

October 8, 2012

Dollar General is the overall basket price leader, delivering a substantial savings to value shoppers, according to Kantar Retail's second annual opening price point survey. Walgreens, for the second year, had the most expensive total basket, driven by sharply higher edible and nonedible grocery baskets.

CAMBRIDGE, Mass. — Dollar General is the overall basket price leader, delivering a substantial savings to value shoppers, according to Kantar Retail's second annual opening price point survey. Walgreens, for the second year, had the most expensive total basket, driven by sharply higher edible and nonedible grocery baskets.

October 3, 2012

Family Dollar said it would open 500 new stores next year following the release of record sales and profits on Wednesday morning.

Family Dollar said it would open 500 new stores next year following the release of record sales and profits on Wednesday morning.

September 19, 2012

Dollar Station attracts last-minute shoppers.

September 6, 2012

If it seems like Dollar General stores are everywhere it’s because they are. And more keep coming presenting price sensitive shoppers with a viable alternative to Walmart.

If it seems like Dollar General stores are everywhere it’s because they are. And more keep coming presenting price sensitive shoppers with a viable alternative to Walmart.

September 5, 2012

Same store sales increased 5.1% at Dollar General during the second quarter and the company remains on track to open more than 600 new stores this year.

Same store sales increased 5.1% at Dollar General during the second quarter and the company remains on track to open more than 600 new stores this year.

Sales increased 10.4% to $3.95 billion during the second quarter ended August 3, thanks to the combination of same store sales growth and the addition of new stores. Net income increased 47% to $214 million in the second quarter compared to $146 million the prior year and earnings per share increased 52% 64 cents, inline with analysts’ consensus estimated, compared to 42 cents the prior year.

August 1, 2012

Older Americans who still want to participate in the work force will be welcomed by Dollar General.

GOODLETTSVILLE, Tenn. — Older Americans who still want to participate in the work force will be welcomed by Dollar General. The retailer has eaffirmed its commitment to experienced workers by supporting the American Association of Retired Persons (AARP)’s “Work Reimagined” program and the 50-plus worker pledge.