Dollar Stores

Dollar Tree Posts Record First Quarter, Leads Nasdaq Gainers

Edward Kim | |

Stock soared 22% Thursday.

Dollar Tree To Raise Base Prices to $1.25

Kimberly Redmond | |

Faced with the rising cost of goods and freight, discount retailer Dollar Tree Inc (Nasdaq: DLTR) plans to increase its baseline price from $1.00 to $1.25.

On Tuesday, the Chesapeake, Virginia-based chain said it has begun marking up merchandise at its 8,000 US stores, the latest sign that higher manufacturing and transportation costs are trickling down to consumers.

Dollar Tree To Open 600 New Stores This Year; Beats Earnings Estimates But Misses on Revenue

Kimberly Redmond | |

During a time when many retail chains are shuttering locations, Dollar Tree said it plans to open 600 new stores this year in response to continued demand for discount shopping amid the COVID-19 pandemic.

On Wednesday, the company said 400 of the new stores will be Dollar Tree stores, and 200 of the locations will be Family Dollar stores.

Dollar General Beats Quarterly Estimates Easily But Holds Back Forecast for Rest of Year

Reuters | |

Dollar General Corp reported better-than-expected quarterly results on Thursday, as the discount retailer benefited from higher demand for cheaper groceries and household items during the coronavirus-induced economic downturn.

High unemployment and falling household income this year due to the COVID-19 crisis have boosted demand for lower-priced cereals, vegetables and other essentials, lifting sales at dollar stores.

The strong demand also carried through to the current quarter, with Dollar General reporting same-store sales growth of about 14% for the period between Oct. 31 and Dec.1.

Dollar Tree Beats Fiscal Third Quarter Estimates; Signals Strength in Fourth Quarter To Date

Reuters | |

Dollar Tree Inc reported better-than-expected quarterly results on Tuesday, as the discount store operator benefited from robust demand for cheaper home decor, kitchenware and clothing during a coronavirus-induced economic downturn.

The company also said it had made a good start to its holiday quarter, with same-store sales at both its labels tracking above their third-quarter levels, sending its shares 12% higher.

Dollar Tree Will Hire More Than 25,000 Seasonal Workers

Reuters | |

Dollar Tree Inc said on Monday it planned to hire more than 25,000 workers at its stores and distribution centers this holiday season, as it prepares for what is typically a period of higher sales.

The U.S. dollar-store chain, which also owns Family Dollar, is looking to fill full-time and part-time positions, including store managers, cashiers and seasonal holiday help as part of its yearly hiring event.

Chesapeake, Virginia-based Dollar Tree also said it woul...

Dollar General and Dollar Tree Beat Estimates, Appealing to Households Looking To Cut Costs

Reuters | |

The top two U.S. dollar stores reported better-than-expected quarterly profit on Thursday, as cash-strapped consumers sought more low-price groceries and household items in a coronavirus-induced downturn.

Sales at Dollar General Corp and Dollar Tree Inc remained robust even after the panic-buying surge at the start of lockdowns, as high U.S. unemployment encouraged demand for cheaper priced cereals, vegetables and other daily essentials.

The dollar stores said ...

Leading Dollar Store Chains Report Surge in Quarterly Sales and Profit

Reuters | |

(Reuters) - The top two U.S. dollar store chains reported better-than-expected quarterly sales and profit on Thursday, benefiting from a surge in demand for affordable groceries and household essentials amid the COVID-19 pandemic. Designated as essential retailers, Dollar General Corp and Dollar Tree Inc were allowed to stay open while much of the United States remained shut under coronavirus lockdown measures, and the companies saw a rush in panic buying in late March and early April. Ris...

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