Dollar Tree

Dollar Tree reported fourth-quarter earnings that topped expectations as the discounter continues to upgrade its Family Dollar portfolio and launches a new initiative.

Dollar Tree Inc. has promoted three C-level executives and the president of its Family Dollar brand is leaving.

Dollar Tree Inc. intends to fill a lot of positions at its upcoming Nationwide Hiring Event.

The Container Store is upgrading its home delivery offering with help from a third-party platform.

Dollar Tree Inc. reported revenue and comp-sales that beat analysts’ estimates as the turnaround of its Family Dollar business continued to gain momentum.

There's been a changing of the guard at Dollar Tree as the man who grew the chain into a $22 billion retail powerhouse moves on to a new role.    The discounter has appointed Gary Philbin, enterprise president, as CEO, effective immediately. He succeeds Bob Sasser, who will become executive chairman of Dollar Tree's board.   

Dollar Tree turned in a strong quarterly performance that blew past profit and sales forecasts as consumers' love affair with dollar stores shows no signs of abating.    Net income rose to $233.8 million, or 98 cents per share, in the second quarter ended July 29, from $170.2 million, or 72 cents per share, in the year-ago period. Excluding items, Dollar Tree earned 99 cents per share, beating the analysts' estimate of 87 cents per share.  

Chain Store Age’s “Fastest-Growing Acquirer” for 2016 continues to be hard at it in 2017.   Phillips Edison has purchased Sierra Del Oro Towne Center in Corona, California, about midway between Los Angeles and Palm Springs, for $28.6 million, it was announced this week.