Dollar Tree news

US-based Dollar Tree is raising its opening price point from $1.00 to $1.25. We look at why the retailer is making this move, and why now. Last store standing Dollar Tree has stood alone in the US dollar store channel for several years with its $1.00 price point. Its core competitors, Dollar General, Family Dollar (which it acquired in 2015) and 99 Cents Only have long operated with higher ...

2020 has been a challenging year for Dollar Tree as it posted net sales growth of “only” 8% compared to 21% for direct competitor Dollar General. The group’s other banner Family Dollar was the main contributor to growth thanks to its larger assortment of grocery products, more relevant during the COVID-19 pandemic. Building on the success of Family Dollar and the evolution of shoppers’ needs, ...

With Aldi US expanding click and collect to more stores and Family Dollar announcing a nationwide partnership with Instacart, we look at four ecommerce developments from North American discounters. Aldi US to add click and collect to another 500 stores. With the fast rise of ecommerce and the success of its curbside service (click and collect in partnership with Instacart), Aldi will add th...

Third quarter key numbers Dollar Tree’s consolidated net sales increased 7.5% to $6.2bn, with enterprise same-store sales up 5.1% Same-store sales for the Family Dollar banner increased 6.4%, while Dollar Tree same-store sales increased 4.0% Operating income increased 9.9% to $465.5m Customers shopping events and holidays early Dollar Tree saw a strong performance across most ...

Dollar General and Dollar Tree have both announced particularly strong growth in Q1, as the Coronavirus (COVID-19) pandemic has led shoppers to increase purchases of groceries and household products. Factors contributing to the dollar stores performance Dollar General saw sales increase by 27.6% to $8.4bn, with same store sales up 21.7%. Dollar Tree's sales increased by 8.2% to $6.3bn for Q...

With Dollar General and Dollar Tree both reporting their Q4 and full year results, we take a look at performance and explore what is driving this growth. Dollar General highlights With Q4 sales up 7.6% and same store sales up 3.2%, Dollar General finished the year positively. This ends a strong year for the retailer, with full year sales up 8.3%, to $27.8bn and same store sales up 3.9%. Thi...

Both Dollar General and Dollar Tree have reported strong Q3 results, with Dollar General exceeding expectations. Dollar General to open 1,000 new stores in 2020 Dollar General has announced plans to open 1,000 new stores in 2020 and complete 1,500 store remodels. This will be an increase from 2019, where it is expected to open 975 new stores and complete 1,000 remodels by the end of the yea...

We look at the second quarter results from Dollar General and Dollar Tree, which highlight the importance of private label development in this sector. Dollar General exceeds expectations Dollar General performed particularly well in Q2, with net sales up 8.4% to $7bn and same-store sales up 4%. Both basket size and traffic increased and full year guidance has been raised to 8% forecasted gr...

We review the first quarter results from Dollar General and Dollar Tree, including the role of food categories in driving growth at both businesses. Dollar General winning the dollar store battle Dollar General continued to outperform Dollar Tree in Q1. Dollar General’s net sales increased 8.3% to $6.6bn with same-store sales up 3.8%. Net income increased 5.5% to $385m. At Dollar Tree, net ...

We look at how Dollar General and Dollar Tree finished the year and their strategic plans for the next 12 months. Strong end to the year at Dollar General Dollar General delivered a strong end to the year, with net sales up 8.5% to $6.6bn in the fourth quarter. Same-store sales increased 4.0%. For the full year, net sales increased 9.2% to $25.6bn, with net income up 3.3% to $1.6bn. The str...