Dollar Tree plans to hire store managers and assistant store managers during its Nationwide Management Hiring Event hosted at participating Dollar Tree and Family Dollar stores across the country on Wednesday, January 22.
Dollar Tree has made several changes to its organizational structure and leadership team designed to enhance the company’s execution of its strategy and improve operational performance at its Dollar Tree and Family Dollar business segments.
Dollar Tree delivered a solid sales performance across both its namesake banner and the Family Dollar chain, although the retailer cautioned that the continuing effect of tariffs could impact its fourth quarter and fiscal year outlook.
Dollar Tree said that long-time director Conrad Hall intends to retire at the 2020 annual meeting of shareholders. Serving as an independent director since 2010, Hall’s experience as a former CEO and his demonstrated success in new business development have been integral to Dollar Tree’s board, the company said.
Dollar General has celebrated the grand opening of its 16,000th store in Panama City, Florida. The company celebrated the milestone with a community celebration and donations to two local elementary schools at its new store, which will serve Gulf Coast residents still rebuilding from Hurricane Michael in October 2018.
Dollar Tree’s turnaround plans for its Family Dollar business seem to be paying off, as the retailer reported improved results for its second quarter.
A Coresight Research Insight Report asserts that major retailers in the U.S. have announced 7,567 store closures so far this year compared with 5,524 stores all of last year, but it isn’t all bad news.
Celebrating its 80th year in business, Dollar General started out strong in the first quarter with both sales and earnings growth.
Activist investor Starboard Value, which has pushed for changes at Dollar Tree, has decided to withdraw its slate of nominees for election to Dollar Tree’s board of directors at the 2019 annual meeting of shareholders.
Dollar Tree reported solid sales in its fourth quarter, while ramping up its Family Dollar integration and turnaround plans, which includes store closings this year.
Dollar Tree is planning a new distribution center project in Rosenberg, Fort Bend County, TX.
Dollar stores are seeing growth in shopper traffic during the holiday season with shoppers from higher income levels driving the growth, according to a recent survey from The NPD Group.
Dollar Tree has appointed Thomas Dickson as a new independent director to the company’s board, effective January 1, 2019. Dickson’s appointment is to fill the vacancy created by the previously announced retirement of Mary Anne Citrino as a director.