Family Dollar

retaildive | November 29, 2018

Dollar Tree on Thursday reported that consolidated net sales rose 4.2% year over year to reach $5.54 billion.Enterprise same-store sales rose 1%, according to a company press release. By banner in the quarter, store comps at Dollar Tree rose 2.3% on a constant currency basis (2.2% adjusted for Canadian currency fluctuations) and the Family Dollar banner fell 0.4%.Gross profit in the quarter rose 0.4% year over year to $1.67 billion, including $6.1 million of hurricane-related expenses, the compa...

retaildive | January 07, 2019

Starboard Value LP, which owns about 1.7% of Dollar Tree's outstanding shares, on Monday said that it has delivered a letter to Dollar Tree President and CEO Gary Philbin, Executive Chairman Bob Sasser and the dollar store retailer's board of directors urging action on its Family Dollar unit, whose "underperformance .since the acquisition has persisted long enough." The activist investor in its letter said Dollar Tree is "deeply undervalued" and must "explore all...

retaildive | March 06, 2019

Dollar Tree on Wednesday announced that up to 390 Family Dollar stores will close in 2019. The company closed 84 Family Dollar stores in the fourth quarter.The retailer also reported consolidated net sales for the 13 week fourth quarter fell to $6.21 billion from $6.36 billion in the previous year, which was 14 weeks. Consolidated net sales for the 52-week fiscal 2018 increased 2.6% to $22.8 billion, from $22.3 billion in the 53-week fiscal year 2017. Enterprise same-store sales in the quarter r...

trtworld | January 13, 2020

Lindsey Vonn was among the luminaries on hand last month to christen "Big Snow," North America's first indoor ski facility, part of a new $5 billion mega-mall in New Jersey. For about $30, consumers can ski for two hours on a 300-metre hill of man-made snow, the glare of the sun replaced by a metal ceiling in a venue that will be kept below freezing even in the dog days of August. Big Snow is a flagship experience at the partially opened "American Dream," an ambitious, lo...