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.
Pressured by freight and other cost increases, Dollar Tree managed to grow its net sales and income, although comps slipped at the company’s Family Dollar banner.
Dollar Tree, as part of its continuing integration of Family Dollar’s organization and support functions, plans to consolidate its store support centers in Matthews, North Carolina and Chesapeake, Virginia, to the company’s newly-completed office tower in the Summit Pointe development in Chesapeake.
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.
According to the 2018 Temkin Experience Ratings study, Ace Hardware and Dollar Tree deliver the best customer experience in the retail industry.
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.
A newly released study from The NPD Group’s Checkout Tracking shows that some of the biggest names in retailing and food service have become thoroughly woven into American life, reaching a high percentage of buyers at least once a year with Walmart, McDonald’s and Target on top. More than 80% of consumers in the United States shopped at those retailers in 2016.
The United States Federal Trade Commission has issued a bulletin seeking public comment on an application for approval by Sycamore Partners II regarding the sale of 330 Dollar Express stores formerly owned by Family Dollar to Dollar General Corp.