Category: Dollar Tree Inc

Discount and higher-end retailers have reported stronger sales from consumers who are hunting for the best deals and long-lasting items.
Dollar Tree Is Selling Family Dollar for $1 Billion

Nearly 10 years after buying Family Dollar for about $9 billion, Dollar Tree announced it would sell the retailer to two private equity firms.
Dollar Tree Explores Sale of Family Dollar

Family Dollar has struggled with its operations in recent years, and Dollar Tree said in March that it would close nearly 1,000 of the stores.
Family Dollar to Close Nearly 1,000 Stores

The chain has struggled for years. Its parent company, Dollar Tree, cited inflation, theft and reduced government benefits as challenges that had prompted the closings.
FDA Urges Recall of Lead-Tainted Cinnamon Brands

The agency tested 75 types of cinnamon after hundreds of children were poisoned by the spice in applesauce. It found some lead in cinnamon brands sold at some dollar stores and other markets.
U.S. Consumers Are Showing Signs of Stress, Retailers Say

Consumer spending remains resilient, but retailers’ latest earnings offered a glimpse into worrying shifts in shopping habits.
Leon Levine, Who Made a Billion One Dollar at a Time, Dies at 85

He created the discount chain retailer Family Dollar, which found success, and criticism, by catering to the poor.
Retailers Lay Out a Downbeat Outlook as Inflation Squeezes Low-Income Shoppers

The New York Times – Business:
Despite better-than-expected earnings, retail executives predict that any sales growth will be much smaller than in years past.
As Dollar Stores Proliferate, Some Communities Say No

The New York Times – Business:
More than 70 proposed dollar stores have been rejected since 2019, a report shows. It’s a small number compared with those that opened but evidence of opposition to the industry.