Content about Dollar Tree

December 23, 2013

Only two-thirds of Americans are all or almost finished with their holiday shopping as of Dec. 23. Of the 24 retailers surveyed by America’s Research Group and Inmar, only three retained 70% or more of their customer base, with Wal-Mart topping the list at 88.1%, followed closely by Dollar Tree at 80.4%, and Target at 72.1%.

Charleston, S.C. -- Only two-thirds of Americans are all or almost finished with their holiday shopping as of Dec. 23. Of the 24 retailers surveyed by America’s Research Group and Inmar, only three retained 70% or more of their customer base, with Wal-Mart topping the list at 88.1%, followed closely by Dollar Tree at 80.4%, and Target at 72.1%.

December 5, 2013

Dollar Tree has leased an 8,450-sq.-ft. location at Brooks Crossing, a community retail center in Watauga, Texas.

Watauga, Texas — Dollar Tree has leased an 8,450-sq.-ft. location at Brooks Crossing, a community retail center in Watauga, Texas. The Weitzman Group represented the shopping center, and The Retail Connection represented Dollar Tree.

The Brooks Crossing tenant line-up includes Albertsons, GameStop, Tuesday Morning, Chase, GNC, Subway, Taco Bell and others. Cencor Realty Services manages Brooks Crossing.

November 21, 2013

Dollar Tree Inc. reported that its net income in the third quarter fell 19%, impacted by a one -time gain a year related to selling its stake in the Ollie's Holdings chain.

Chesapeake, Va. -- Dollar Tree Inc. reported that its net income in the third quarter fell 19%, impacted by a one -time gain a year related to selling its stake in the Ollie's Holdings chain. The company forecast results for the fourth quarter below Street expectations.

The company posted earnings of $125.4 million for the period ended Nov. 2, down from $155.4 million a year ago.

Revenue rose 9.5% to $1.88 billion. Analysts expected revenue of $1.91 billion.

Same-store sales were up 3%.

November 20, 2013

Dollar Tree and Dressbarn have named Charter Realty and Development as the exclusive broker in Connecticut.

New York -- Dollar Tree and Dressbarn have named Charter Realty and Development as the exclusive broker in Connecticut.

Dollar Tree, a Fortune 500 company with approximately 4,700 stores looks for 8,000- to 12,000-sq.-ft. spaces. Dollar Tree is also looking for locations in freestanding strip malls and power centers.

September 10, 2013

Dollar Tree has retained R.J. Brunelli & Co. as exclusive leasing agent for all of New Jersey, adding areas south of Route 195 to the northern and central parts of the state that the firm has been handling all along.

Old Bridge, N.J. — Dollar Tree has retained R.J. Brunelli & Co. as exclusive leasing agent for all of New Jersey, adding areas south of Route 195 to the northern and central parts of the state that the firm has been handling all along.

June 21, 2013

Dollar Tree / Deal$ has leased 8,000 sq. ft. on Steinway St. in Astoria, New York, according to SRS Real Estate Partners.

New York -- Dollar Tree / Deal$ has leased 8,000 sq. ft. on Steinway St. in Astoria, New York, according to SRS Real Estate Partners.

The SRS New York City office represented the tenant, and Lucid Vass Realty Group represented Astoria Properties Company, the landlord.

 

June 21, 2013

Shareholders of Dollar Tree re-elected 11 members of the board of directors at the company’s annual meeting on June 20.

Chesapeake, Va. – Shareholders of Dollar Tree re-elected 11 members of the board of directors at the company’s annual meeting on June 20. Arnold S. Barron, Macon F. Brock, Jr., Mary Anne Citrino, H. Ray Compton, Conrad M. Hall, Lemuel E. Lewis, J. Douglas Perry, Bob Sasser, Thomas A. Saunders III, Thomas E. Whiddon, and Carl P. Zeithaml each received a majority of votes to serve another term on the board of directors.

June 10, 2013

Dollar Tree has promoted former COO Gary Philbin to the new position of president and COO.

Chesapeake, Va. – Dollar Tree has promoted former COO Gary Philbin to the new position of president and COO. Philbin, who has served as COO of Dollar Tree since 2007, spent 30 years in various merchandising and operations executive positions in the grocery vertical before joining Dollar Tree as SVP of Stores in 2001.

May 23, 2013

Dollar Tree reported record net sales for first quarter 2013, with consolidated net sales of $1.87 billion, an 8% increase from $1.72 billion during the same quarter of the prior year.

Chesapeake, Va. – Dollar Tree reported record net sales for first quarter 2013, with consolidated net sales of $1.87 billion, an 8% increase from $1.72 billion during the same quarter of the prior year. Net income totaled $133.5 million, and same store sales grew 2.1%, on top of a 5.6% increase recorded during first quarter 2012. Dollar Tree estimates full fiscal year net sales will range from $7.81 billion to $7.97 billion.

Dollar Tree president and CEO Bob Sasser said he is pleased with the first quarter results.

May 23, 2013

Dollar Tree reported record net sales for first quarter 2013, with consolidated net sales of $1.87 billion, an 8% increase from $1.72 billion during the same quarter of the prior year.

Chesapeake, Va. – Dollar Tree reported record net sales for first quarter 2013, with consolidated net sales of $1.87 billion, an 8% increase from $1.72 billion during the same quarter of the prior year. Net income totaled $133.5 million, and same store sales grew 2.1%, on top of a 5.6% increase recorded during first quarter 2012. Dollar Tree estimates full fiscal year net sales will range from $7.81 billion to $7.97 billion.

Dollar Tree president and CEO Bob Sasser said he is pleased with the first quarter results.

April 4, 2013

Brixmor Property Group announced that Dollar Tree has opened a 9,000-sq.-ft. store at Ridgeview Centre, located in Wise, Va.

Wise, Va. -- Brixmor Property Group announced on Monday that Dollar Tree has opened a 9,000-sq.-ft. store at Ridgeview Centre, located in Wise, Va.

Brixmor, based in New York City, is the owner of Ridgeview Centre.
 

 

April 4, 2013

Brixmor Property Group announced that Dollar Tree has opened a 9,000-sq.-ft. store at Ridgeview Centre, located in Wise, Va.

Wise, Va. -- Brixmor Property Group announced on Monday that Dollar Tree has opened a 9,000-sq.-ft. store at Ridgeview Centre, located in Wise, Va.

Brixmor, based in New York City, is the owner of Ridgeview Centre.
 

 

March 13, 2013

CenterMark Development has announced plans to build a 10,010-sq.-ft. Dollar Tree store in Cleveland, the first ground-up construction of a free-standing Dollar Tree store in the City of Cleveland.

Cleveland -- CenterMark Development has announced plans to build a 10,010-sq.-ft. Dollar Tree store in Cleveland, the first ground-up construction of a free-standing Dollar Tree store in the City of Cleveland.

The project breaks ground in March with completion scheduled for August 2013. Construction financing was provided by PNC Bank. HCI is serving as general contractor.  

 

March 13, 2013

CenterMark Development has announced plans to build a 10,010-sq.-ft. Dollar Tree store in Cleveland, the first ground-up construction of a free-standing Dollar Tree store in the City of Cleveland.

Cleveland -- CenterMark Development has announced plans to build a 10,010-sq.-ft. Dollar Tree store in Cleveland, the first ground-up construction of a free-standing Dollar Tree store in the City of Cleveland.

The project breaks ground in March with completion scheduled for August 2013. Construction financing was provided by PNC Bank. HCI is serving as general contractor.  

 

March 7, 2013

North Plainfield, N.J.-based Levin Management Corp. said that Dollar Tree will open a store at Capitol Plaza, located in Ewing, N.J.

Ewing, N.J. -- North Plainfield, N.J.-based Levin Management Corp. said Wednesday that Dollar Tree will open a store at Capitol Plaza, located in Ewing, N.J. The 13,810-sq.-ft. store is slated to open in the spring.
 
As well, a newly expanded Center for Allied Health & Nursing Education will celebrate its grand reopening at Capitol Plaza in March. The nursing school will be renamed Jersey College School of Nursing; it tripled its space to 30,000 sq. ft. in the shopping center, which is leased and managed by Levin.
 

February 27, 2013

Dollar Tree Inc. reported a bigger-than-expected profit of $228.6 million for the quarter ended on Feb. 2, up from $187.9 million in the year-ago period.

Chesapeake, Va. -- Dollar Tree Inc. reported Wednesday a bigger-than-expected profit of $228.6 million for the quarter ended on Feb. 2, up from $187.9 million in the year-ago period.

Sales climbed 15.4% to $2.25 billion, boosted by an extra week in the quarter. Wall Street expected $2.23 billion in sales. Same-store sales increased 2.4%.

February 21, 2013

Brixmor Property Group announced that Dollar Tree has opened an 8,000-sq.-ft. store at Rose Pavilion, in Pleasanton, Calif., and will open a 9,000-sq.-ft. store at Ridgeview Centre, in Wise, Va.

New York -- Brixmor Property Group announced that Dollar Tree has opened an 8,000-sq.-ft. store at Rose Pavilion, in Pleasanton, Calif., and will open a 9,000-sq.-ft. store at Ridgeview Centre, in Wise, Va.

Brixmor Property Group, based in New York City, owns both Rose Pavilion and Ridgeview Centre.

 

February 21, 2013

Brixmor Property Group announced that Dollar Tree has opened an 8,000-sq.-ft. store at Rose Pavilion, in Pleasanton, Calif., and will open a 9,000-sq.-ft. store at Ridgeview Centre, in Wise, Va.

New York -- Brixmor Property Group announced that Dollar Tree has opened an 8,000-sq.-ft. store at Rose Pavilion, in Pleasanton, Calif., and will open a 9,000-sq.-ft. store at Ridgeview Centre, in Wise, Va.

Brixmor Property Group, based in New York City, owns both Rose Pavilion and Ridgeview Centre.

 

January 2, 2013

Dollar Tree has announced that it intends to expand its distribution center in Marietta, Oak., by an additional 400,000 sq. ft. More than 100 full time positions will be created as a result of the expansion.

CHESAPEAKE, Va. -- Dollar Tree has announced that it intends to expand its distribution center in Marietta, Oak., by an additional 400,000 sq. ft. More than 100 full time positions will be created as a result of the expansion.

The facility in Marietta opened in 2003 and is currently 603,000 sq. ft. This facility supplies products to stores across eleven states, including all of Oklahoma, Kansas, Colorado, New Mexico and Texas, and portions of Louisiana, Arkansas, Missouri, Nebraska, South Dakota, Wyoming and Montana.

January 2, 2013

Dollar Tree has announced that it intends to expand its distribution center in Marietta, Oak., by an additional 400,000 sq. ft. More than 100 full time positions will be created as a result of the expansion.

CHESAPEAKE, Va. -- Dollar Tree has announced that it intends to expand its distribution center in Marietta, Oak., by an additional 400,000 sq. ft. More than 100 full time positions will be created as a result of the expansion.

The facility in Marietta opened in 2003 and is currently 603,000 sq. ft. This facility supplies products to stores across eleven states, including all of Oklahoma, Kansas, Colorado, New Mexico and Texas, and portions of Louisiana, Arkansas, Missouri, Nebraska, South Dakota, Wyoming and Montana.

September 19, 2012

Brixmor Property Group said that Dollar Tree has opened a 9,600-sq.-ft. store at Boyertown Shopping Center, located in Boyertown, Pa.

Boyertown, Pa. -- Brixmor Property Group said that Dollar Tree has opened a 9,600-sq.-ft. store at Boyertown Shopping Center, located in Boyertown, Pa.

Brixmor, based in New York City, is the owner of Boyertown Shopping Center.

 

July 11, 2012

Tarrytown, N.Y.-based DLC Management Corp. said that Half Price Books will open a new store at Fayette Place, located in Lexington, Ky.

Lexington, Ky. – Tarrytown, N.Y.-based DLC Management Corp. said that Half Price Books will open a new store at Fayette Place, located in Lexington, Ky.

The 8,976-sq.-ft. junior anchor will join Marshalls, Shoe Carnival, Pier1 Imports, Outback Steakhouse and Dollar Tree in the neighborhood shopping center.

It will be the second Half Price Books location in the Lexington community.
 

May 29, 2012

Dollar Tree has approved a 2-for-1 stock split in the form of a 100% common stock dividend.

Chesapeake, Va. -- Dollar Tree has approved a 2-for-1 stock split in the form of a 100% common stock dividend. The new shares will be distributed June 26 for shareholders of record as of the close of business on June 12.

With the stock split, the number of outstanding shares of the company's common stock will increase from approximately 116 million shares, pre-split, to approximately 232 million shares, post-split.

December 5, 2011

The combined store count of the four national dollar store (or extreme value) chains has now surpassed that of the three biggest national drugstore chains, according to a new report by Colliers International.

Seattle -- The combined store count of the four national dollar store (or extreme value) chains — Dollar General, Dollar Tree, Family Dollar and 99 Cents Only — has now surpassed that of the three biggest national drugstore chains (Walgreens, CVS, and Rite Aid), according to a new report  by Colliers International, the third-largest commercial real estate services company in the world.

December 5, 2011

The combined store count of the four national dollar store (or extreme value) chains has now surpassed that of the three biggest national drugstore chains, according to a new report by Colliers International.

Seattle -- The combined store count of the four national dollar store (or extreme value) chains — Dollar General, Dollar Tree, Family Dollar and 99 Cents Only — has now surpassed that of the three biggest national drugstore chains (Walgreens, CVS, and Rite Aid), according to a new report  by Colliers International, the third-largest commercial real estate services company in the world.