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Discounter raises outlook as earnings soar
Dollar Tree on Tuesday reported a third-quarter profit that more than doubled compared to last year amid lower merchandise and freight costs. The retailer also lifted its guidance for the fourth quarter. Dollar Tree’s net income for the quarter, ended Oct. 29, rose to a better-than-expected $171.6 million, or 72 cents a share, up from $81.9 million, or 35 cents a share, in the year-ago period. The prior year included some charges and markdowns related to the Family Dollar business, which Dollar Tree acquired in 2015. -
Amazon continues aggressive expansion of fulfillment network
Amazon continues to expand its already considerable fulfillment capabilities. The online giant is set to open its third distribution center in Nevada, a move that will service customers in the southwest. The new 800,000-square-foot facility, which will open in North Las Vegas, will employ more than 1,000 full-time workers who will pick, pack and ship larger customer items, such as big-screen televisions, kayaks and patio furniture.

