99 Cents Only Stores has appointed Ashok Walia as chief financial officer, where he will be responsible for overseeing finance, accounting, treasury, marketing and information technology functions for the company.
Dollar Tree has celebrated the grand opening of its 23rd distribution center in Warrensburg, Missouri, with a ribbon cutting ceremony followed by a celebration with the company’s newest distribution center associates and their families, management and representatives from the local community.
Dollar General recently celebrated the official grand opening of the company’s 15th distribution center in Jackson, GA.
Despite a surge in net income and sales gains, Dollar General fell short of Wall Street estimates in the first quarter, with the weather playing a factor in results.
As part of a planned leadership succession, Dollar Tree said that Bob Sasser, the company’s CEO since 2004, will now assume the role of executive chairman of the board. Gary Philbin, enterprise president, has been promoted to president and chief executive officer and has been appointed to the board of directors.
Dollar Tree has promoted Gary Philbin to enterprise president and appointed Duncan Mac Naughton as president and chief operating officer of the Family Dollar business.