Dollar Tree

Although this is a reasonable set of results from Dollar Tree, they reveal two truths about the company.

Dollar Tree Inc. beat third-quarter profit expectations but just missed on sales, and provided an outlook below Wall Street estimates amid ongoing weakness at its Family Dollar unit.

Dollar Tree is reportedly entering into a new deal.

Dollar Tree narrowly missed earnings estimates for the second quarter as it continues to work to turnaround its Family Dollar business.

Dollar General reported second-quarter earnings and same-store sales that beat analysts’ expectations as more people shopped its stores.

A retailer’s popularity varies depending on whether a shopper values low prices or has expensive tastes.

Just months after a Marshall’s opened in a space vacated by Kmart at Barrington Plaza, the center has been sold by an affiliate of Kimco Realty Corp.

Fake news. Or, at the very least, over-exaggerated news. That’s what I call the reports about the death of retail. Retail sales are up $121.5 billion (through the first seven months of the year) and the holiday forecasts look promising, with Deloitte predicting a healthy 4 to 4.5% increase over last season.

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.