The rat infestation at Family Dollar's distribution center is unsurprising, a retail consultant says, after witnessing the chaotic inventory pile-up at its parent company's stores
FDA inspectors found live rodents, dead rodents in various states of decay, rodent feces, and dead birds at a Family Dollar distribution center.news.yahoo.com
We shopped at Dollar Tree and Dollar General, the two largest dollar store chains in the US, and were shocked by how different the shopping experience is
Dollar General and Dollar Tree have grown at a rapid rate in the US as cost-conscious consumers flock to these stores for deals and discounts.news.yahoo.com
Inflation squeezes holiday budgets for low-income shoppers
NEW YORK (AP) — Emarilis Velazquez is paying higher prices on everything from food to clothing.Her monthly grocery bill has ballooned from $650 to almost $850 in recent months.[San Marcos, TX] [Hays County news] News San Marcos News, San Marcos Record [Texas State]sanmarcosrecord.com
Prices set to increase at Dollar Tree
Get ready to pay more than one dollar at Dollar Tree. The Dollar Tree has nearly two dozen stores in the Rio Grande Valley. “Our Dollar Tree pricing tests have demonstrated broad consumer acceptance of the new price point and excitement about the additional offerings and extreme value we will be able to provide. Accordingly, we have begun rolling out the $1.25 price point at all Dollar Tree stores nationwide,” the store announced Tuesday in its third-quarter report. The Company will have greater flexibility to continue providing incredible value that helps customers get the everyday items they need and celebratory and seasonal products Dollar Tree is best known for,” a Dollar Tree press release said.myrgv.com
Dollar Tree's Family Dollar taps Instacart to make same-day deliveries
Third-party delivery company Instacart said Thursday that it will start making same-day deliveries for Dollar Tree-owned Family Dollar, a discount retailer that's seen growth during the pandemic. The company will deliver online purchases to customers' homes from the dollar store chain's over 6,000 locations in as quick as an hour. Dollar Tree's Family Dollar sells many household staples, such as food and paper goods, that have seen higher demand as people spend more time at home. Same-store sales for Family Dollar increased 6.4% in the third quarter, ended Oct. 31, 2020. Dollar Tree's CEO Mike Witynski called the new partnership with Instacart "another example of our efforts to better meet the evolving needs of our Family Dollar shoppers."cnbc.com
Two retail stocks to watch ahead of their earnings reports this week
Retail earnings are ramping up this week. Urban Outfitters reports on Monday, a day before Best Buy, Dick's Sporting Goods, Abercrombie and Fitch, Dollar Tree, Nordstrom, Gap and American Eagle Outfitters. All of their stocks are in the green year to date except for Nordstrom, which is down almost 48%. With October retail sales missing expectations and a somewhat unpredictable holiday season around the corner, traders are on the lookout for anything that might indicate how the end-of-year spending story might play out for retailers. Dollar Tree, however, looked to be in a more precarious position, he said.cnbc.com
5 Dollar Tree items to update your décor without depleting your bank account
HOUSTON – If you are ready to redecorate your home but you don’t have the budget for an interior designer or a bunch of high-end décor, go to the Dollar Tree. It is probably the last place you would think to look for home décor but we asked Catasha Singleton, the owner of Mod Chic Interiors to show us how to make Dollar Tree finds look fabulous. We asked her to help us create awesome looks with finds from Dollar Tree. In a square vase, she added decorative rocks, also $1 at Dollar Tree and a battery-operated tea light for her patio. If you have a hard time envisioning these things yourself, you can follow Dollar Tree on Instagram and even join some Facebook groups to see how others are using Dollar Tree items to create fun and beautiful decor.
Stocks making the biggest moves after hours: Tesla, Dollar Tree, Jefferies Financial Group & more
A Tesla Inc. vehicle charges at a charging station in San Mateo, California, U.S., on Tuesday, Sept. 22, 2020. Check out the companies making headlines after the bell:Jefferies Financial Group — Shares of the financial services firm jumped more than 14% following the company's third quarter earnings results. Jefferies earned $1.07 per diluted share, up from 15 cents in the same quarter a year ago. Dollar Tree — The bargain retailer gained more than 1% after the company said it will resume its share repurchase program. Tesla — Shares of the electric vehicle company slid 1%, building on the stock's 10.34% decline during the normal trading session.cnbc.com
Discount retailers to report earnings, and chart analyst is watching two stocks
Discount retailers are rounding out the earnings season. Costco, Dollar General and Dollar Tree are each scheduled to report quarterly results on Thursday three closely watched stocks as the coronavirus pandemic takes a toll on the economy. On Dollar Tree, Johnson said the stock appears to have reversed a monthslong downtrend and is on its way back to its 50-day moving average at about $93. "Switching gears and looking at Dollar General, when I look at this particular stock it's entered what I call an HLTR which is a high-level trading range, and that's more or less just a consolidation pattern," said Johnson. "If we see a topside breakout of that consolidation range around $185, it suggests to me that we're starting a whole other leg higher, and we clearly are buying the shares at that point in time."cnbc.com
Dollar Tree CEO says supply chains stressed but $1 billion of goods in 'pipeline somewhere'
Dollar Tree CEO Gary Philbin said Wednesday the retailer's supply chains have "been stressed" from a spike in coronavirus-related demand, but he sought to reassure customers that more products are on their way. Employees at Dollar Tree's 24 distribution centers in the country have been working seven days a week to send shipments to stores, Philbin said. Dollar Tree, which also owns Family Dollar, has about 15,000 stores in the U.S. and Canada. Philbin also said Dollar Tree is looking to hire around 25,000 employees across its stores and distribution centers. Shares of Chesapeake, Virginia-based Dollar Tree were slightly higher Wednesday, even as the broader market was down around 3%.cnbc.com
Stocks making the biggest moves midday: Dollar Tree, RH, Amarin, Conagra, Noble Energy & more
Noble Energy Shares of the oil exploration and production company rose 16% on the back of a move higher in crude. Other advancers in the oil patch included Devon Energy and Diamondback Energy, which were each up more than 14%. Conagra Brands Shares of the food company jumped more than 4.5% after Conagra said it expects to exceed its full year sales and profit guidance. Dollar General Shares of Dollar General rose more than 4% after Wells Fargo upgraded the discount retailer to overweight from equal weight. Cheesecake Factory Shares of the chain restaurant company rose 5% Tuesday after the stock was upgraded to buy from hold at Gordon Haskett.cnbc.com
Top analyst Matthew Boss: Dollar stores and discount retailers may emerge stronger after coronavirus
Dollar General and Dollar Tree are among the retailers that could benefit after the COVID-19 pandemic subsides, JPMorgan analyst Matthew Boss said Thursday. "Discounters, dollar stores, off-pricers and strong global brands I actually think could emerge stronger from this, take market share, use their size and scale," Boss said on CNBC's "Halftime Report." On the contrary, Boss said, the coronavirus crisis and its resulting economic shock could represent more bad news for department stores and mall-based specialty stores. In addition to Dollar General and Dollar Tree, Boss said Five Below and Ollie's are well positioned to continue appealing to consumers and have "debt-free balance sheets." Off-price retailers Burlington, TJ Maxx owner TJX and Ross Stores also will remain attractive as consumers seek value, Boss argued.cnbc.com
Stocks making the biggest moves in the premarket: Chevron, Twitter, Amazon, Mondelez & more
IHS Markit (INFO) The financial information provider reported quarterly profit of 66 cents per share, 2 cents a share above estimates. Twitter (TWTR) Twitter withdrew its guidance, as ad sales decline due to the coronavirus outbreak. Amazon.com (AMZN) Amazon suspended more than 3,900 selling accounts on its U.S. platform for violating its fair pricing policies. Mondelez (MDLZ) Mondelez will increase hourly wages by $2 and also pay a $125 weekly bonus for sales representatives. Perrigo (PRGO) Perrigo was upgraded to "overweight" from "neutral" at JPMorgan Chase, which thinks the drug maker will benefit from increased demand for flu treatments.cnbc.com
Black Friday may not save retail, but some e-commerce plays are buys
The SPDR S&P Retail ETF, also known by its ticker, XRT, is up less than 10% for 2019 coming in just above the modest 4% year-to-date gain for energy, the worst-performing sector in the S&P 500. Black Friday also remains a question mark for many physical retailers struggling to attract shoppers to their stores. But investors could still benefit from parts of the retail space via exchange-traded fund strategies, Dave Nadig, managing director of ETF.com, tells CNBC's "ETF Edge." Other ETFs that capitalize on the online shopping boom include ProShares' Online Retail ETF (ONLN), Amplify's Online Retail ETF (IBUY), the Global X E-commerce ETF (EBIZ) and the Emerging Markets Internet & Ecommerce ETF (EMQQ). At the same time, some domestically focused retail stocks are "priced for perfection," said Seymour, who appears regularly on CNBC's "Fast Money."cnbc.com
FDA warns Dollar Tree about selling 'potentially unsafe drugs'
(CNN) - The US Food and Drug Administration has issued a warning letter to Dollar Tree for receiving over-the-counter drugs produced by foreign manufacturers that have been found to be adulterated, including acne treatment pads and Assured brand drugs. The letter outlines "multiple violations" of manufacturing practices at those contract manufacturers used to produce Dollar Tree's Assured Brand over-the-counter drugs as well as other drug products sold at Dollar Tree and Family Dollar stores. Now, in its warning letter to Dollar Tree, the FDA is requesting that the company implement a system to ensure that it does not import adulterated drugs. "In this case, Dollar Tree has the ultimate responsibility to ensure that it does not sell potentially unsafe drugs and other FDA-regulated products to Americans," he said. In response, the Dollar Tree company, which operates stores under the Dollar Tree and Family Dollar brands, said that it is cooperating with the FDA and plans to meet with the agency.
Cramer Remix: The stocks worth owning once the coast is clear
The easing of economic activity will give a boost to the companies of Dollar Tree and Darden Restaurants, but investors should be patient before investing in their stocks here, CNBC's Jim Cramer said Monday. Darden Restaurants, the parent of Olive Garden, LongHorn Steakhouse and Bahama Breeze among other eateries, will also catch windfall from trade tensions and the slowing economy. "You have to worry that they could be dragged down by the gravitational pull of the entire market," Cramer said. "I could see Darden falling to 17-times earnings, Dollar Tree going to 15-times earnings if the averages keep getting hammered based on these overblown fears of a recession." "So you got to wait until the dust settles before committing any new money," he said.cnbc.com
Wall Street analysts worry these stocks are caught in the deepening US-China trade war
Wall Street analysts are scrambling to asses the damage in the latest fallout in the trade war between the U.S. and China. CNBC did a deep dive through the most recent Wall Street research to see what stocks analysts fear will be most hurt by the latest tariff. They include names such as Dollar Tree, Abercrombie & Fitch, Rio Tinto, O'Reilly Automotive, Michaels Companies, Advanced Micro Devices, & Nvidia. This week, Dollar Tree was the subject of a downgrade by Deutsche Bank analysts. Here's what else analysts are saying about stocks caught in the U.S.-China trade war:cnbc.com
Dollar stores face growing scrutiny
Yet a wave of cities and towns have passed laws curbing the expansion of Dollar General and Dollar Tree, which bought Family Dollar in 2015. Advocates of tighter controls on dollar stores say the big chains intentionally cluster multiple stores in low-income areas. Dollar General and its dollar store rivals mostly sell snacks, drinks, canned foods and vegetables, household supplies and personal care products at rock-bottom prices. Dollar stores can open quickly in new areas because they are small and have lower operating costs than grocery stores. Family-owned grocery stores operate at razor-thin profit margins and dollar stores can pressure them with lower prices, experts say.
Deals and discounts for teachers just in time for back-to-school
Teachers can sign up for the coupon throughby Aug. 1, and the coupon must be redeemed from July 31 through Aug. 13. Coupon is subject to educator status verification.Teachers can find all things for classrooms at DiscountSchoolSupply.com The store offers amazing deals, such as a set of 12 rainbow class baskets for $13.29. Dollar Tree offers a variety of items online, and they even offer free shipping to your local store. The online store offers virtual access to $1 classroom decorations, prizes and educational workbooks.Teachers can receive 15 percent off in-store purchases. The discount will last for one week, and will be available online and in stores.abc13.com