Dollar Tree Inc reported better-than-expected quarterly same-store sales on Wedn...
- Dollar Tree Inc reported better-than-expected quarterly same-store sales on Wednesday, as it drew more customers to its namesake stores and had the best growth in sales at its struggling Family Dollar business in the fiscal year.
Dollar Tree, which has been under pressure from activist investor Starboard Value LP to sell its underperforming Family Dollar business, announced on Wednesday it would close about 390 Family Dollar stores. Analysts on average expected a 1.5 percent rise in same-store sales, according to IBES data from Refinitiv
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Dollar Tree chops value of Family Dollar brand, to shut 390 storesDollar Tree Inc announced plans to close hundreds more Family Dollar stores on W...
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Dollar Tree CEO: We're giving Family Dollar a 'wow' factor to draw customersJim Cramer sits down with Dollar Tree CEO Gary Philbin to learn how the company is reducing its Family Dollar footprint and bringing more customers into its stores.
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Dollar Tree to close 390 Family Dollar stores in 2019Analysts say Family Dollar has been a drag on Dollar Tree's earnings and 'remains the weaker part of the business.'
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Dollar Tree to close up to 390 Family Dollar stores this year, loses $2.3 billion in fourth quarterDiscount retailer Dollar Tree plans to close 390 Family Dollar stores this year while renovating 1,000 other locations, the company said in releasing its earnings report Wednesday that showed a $2.3 billion loss during the fiscal fourth-quarter.
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Dollar Tree chops value of Family Dollar brand, to shut 390 storesShares of the company rose 2 percent as it reported better-than-expected fourth-quarter same-store sales, along with the results of its full strategic assessment of the Family Dollar business. Hedge fund investor Starboard Value LP in January urged Dollar Tree to explore all alternatives for its Family
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More than 4,900 stores are closing in 2019 as the retail apocalypse drags on — here's the full listMore than 4,900 stores are closing in 2019 as the retail apocalypse continues to drag on — here's the full list
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