Content about Dollar Tree

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.

November 17, 2011

CenterMark Development said it has signed a lease with Deal$, a division of Dollar Tree, to occupy an 11,000‐sq.-ft., former Easttown Eagle Market building in the Glenville neighborhood of Cleveland.

Cleveland -- CenterMark Development said it has signed a lease with Deal$, a division of Dollar Tree, to occupy an 11,000‐sq.-ft., former Easttown Eagle Market building in the Glenville neighborhood of Cleveland.

CenterMark purchased the long‐vacant building in October and said it expects to complete the rehabilitation by the spring of 2012. A grand opening is expected during the second quarter following interior improvements by Deal$.
 

November 17, 2011

Dollar Tree reported that profit for the third quarter rose 12.1% to $104.5 million, from $93.2 million a year earlier.

Chesapeake, Va. -- Dollar Tree reported Thursday that profit for the third quarter rose 12.1% to $104.5 million, from $93.2 million a year earlier.

Revenue rose 11.9% to $1.6 billion, surpassing Wall Street’s expected $1.58 billion. Performance has been consistent with the strength of the category, as the discounter has recorded double-digit year-over-year percentage revenue increases over the past five quarters.

Same-store sales rose 4.8% in the third quarter.

November 17, 2011

Dollar Tree reported that profit for the third quarter rose 12.1% to $104.5 million, from $93.2 million a year earlier.

Chesapeake, Va. -- Dollar Tree reported Thursday that profit for the third quarter rose 12.1% to $104.5 million, from $93.2 million a year earlier.

Revenue rose 11.9% to $1.6 billion, surpassing Wall Street’s expected $1.58 billion. Performance has been consistent with the strength of the category, as the discounter has recorded double-digit year-over-year percentage revenue increases over the past five quarters.

Same-store sales rose 4.8% in the third quarter.

November 11, 2011

Brixmor Property Group announced a 11,002-sq.-ft. Dollar Tree recently opened at Pine Tree Shopping Center, in Portland, Maine.

Portland, Maine -- Brixmor Property Group announced a 11,002-sq.-ft. Dollar Tree recently opened at Pine Tree Shopping Center, in Portland, Maine.

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

October 27, 2011

SRS Real Estate Partners said that Dollar Tree/Deal$ has leased four new retail spaces, all in New York.

Dallas -- SRS Real Estate Partners said that Dollar Tree/Deal$ has leased four new retail spaces, all in New York.

The company leased 12,000 sq. ft. in Maspeth, N.Y.; 12,000 sq. ft. in Brooklyn; 10,250 sq. ft. in Sunnyside; and 9,341 sq. ft. on Broadway in New York City.
 

October 27, 2011

Jacksonville, Fla.-based Regency Centers said that Dollar Tree has leased retail space in Atwater, Calif., at Applegate Ranch Shopping Center.

Atwater, Calif. -- Jacksonville, Fla.-based Regency Centers said that Dollar Tree has leased retail space in Atwater, Calif., at Applegate Ranch Shopping Center.

Dollar Tree leased 9,264 sq. ft. and is now open. The 464,136-sq.-ft. shopping center is anchored by a Super Target, Walmart, Marshalls and Petco.
 

October 7, 2011

Dollar Tree said that its board has approved a $1.5 billion share repurchase program.

Chesapeake, Va. -- Dollar Tree said that its board has approved a $1.5 billion share repurchase program. The company said it has invested more than $1.9 billion for share repurchase since 2003, including $414.7 million in 2010 and $345.9 million in 2011, to date.

October 7, 2011

Dollar Tree said that its board has approved a $1.5 billion share repurchase program.

Chesapeake, Va. -- Dollar Tree said that its board has approved a $1.5 billion share repurchase program. The company said it has invested more than $1.9 billion for share repurchase since 2003, including $414.7 million in 2010 and $345.9 million in 2011, to date.