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The Latest Breaking News from Family Dollar

Family Dollar could be sold or spun off

Divestiture would come after the closing of nearly 1,000 stores.

Fortune

Family Dollar may be sold as dollar store carnage continues

The rapid expansion of dollar stores across the US in recent years has been a retail phenomenon

The Independent UK

Dollar Tree buys up 99 Cents Only stores as retail giant looks to make up for closures

The move comes at a turbulent time for the dollar store industry as the retail giants consolidate and close stores

The Independent UK

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3 Retail Stocks to Avoid in May

Persistent inflation and high interest rates are significantly affecting consumer spending. Despite this, the retail industry is set for long-term profitability, driven by shifting consumer tastes, technological innovations, and e-commerce growth. Amid this, retail stocks Grocery Outlet (GO), Dollar Tree (DLTR), and Dollar General (DG) are best avoided now. Read…

StockNews.com

Moment police confront woman living in grocery store roof sign

The woman had a coffeemaker, desk and houseplant in the makeshift home on top of Family Dollar store in Michigan

The Independent UK

99 Cents Only discount chain to close all US stores

Company’s interim CEO says economic pressures have ‘greatly hindered the company’s ability to operate’

The Guardian - US

Dollar Tree Raises Max Price to $7: Which Items Will Cost More?

Dollar Tree is raising prices from a $5 cap set in June to $7 as higher earners flock to the retail giant

Kiplinger

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How dollar stores link to food deserts

“Dollar stores are now the fastest-growing food retailers in the contiguous United States"

Salon

Dollar Tree to close nearly 1,000 stores as it posts a fourth quarter loss

Dollar Tree plans to close about 600 Family Dollar stores in the first half of this year and 370 Family Dollar and 30 Dollar Tree stores over the next several years.

WEKU

Stock Market Today: Stocks End Mixed Ahead of Retail Sales, PPI

Stocks took a breather Wednesday as investors looked ahead to tomorrow's inflation data.

Kiplinger

Stocks Pressured by Higher T-note Yields and Weak Chip Stocks

The S&P 500 Index ($SPX ) (SPY ) today is down -0.10%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.10%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.50%. Stocks today are seeing downward pressure from the +2.5 bp rise in the 10-year...

Barchart

Dollar Tree Drops, Posts More Than $2 Billion Hit On Store Closure Plan; Williams-Sonoma Rides 26% Dividend Hike To Record High

Dollar Tree missed earnings, to close 600 Family Dollar Stores. Williams-Sonoma reveals dividend hike, $1 billion buyback plan.

Investors Business Daily

The FDA issues an alert for 6 brands of cinnamon possibly containing lead

The brands of cinnamon are typically sold at discount retailers, such as Save a Lot, Family Dollar and Dollar Tree. The alert follows the recalls of 3 brands of cinnamon-flavored applesauce pouches.

WEKU

Family Dollar is fined over $40 million due to a rodent infestation in its warehouse

The Food and Drug Administration found dead and live rodents, and their feces and urine. More than 1,200 rodents were exterminated after fumigation at the warehouse, which serves more than 400 stores.

WEKU

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The Guardian - US

Family Dollar ordered to pay over $40m for rodent-infested Arkansas warehouse

Company pleads guilty to using distribution center where FDA discovered ‘decaying rodents, rodent feces, urine, and odors’

Motorsport

Dollar Tree and Family Dollar partner with Legacy Motor Club

The team, co-owned by seven-time NASCAR Cup Series champion Jimmie Johnson, recently added AdventHealth as a sponsor well.

Chicago Sun-Times

I’ve changed my tune on dollar stores, but Black neighborhoods still need full-service grocers

Dollar stores do fill a void and are convenient in Chicago, Natalie Moore writes. But they don’t sell fresh produce and offer too much canned and processed food.

Tom’s Guide

Dollar Tree data breach exposes names, birthdates and SSNs of almost 2 million people — how to know if you’re affected

Dollar Tree and Family Dollar employees had their personal data exposed as the result of a security incident at a third-party service provider used by the discount store chain.

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news in one place.

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The Independent UK

Man who killed 3 at a Dollar General in Jacksonville used to work at a dollar store, sheriff says

The Jacksonville sheriff says the gunman who killed three people at a Dollar General used to work at a dollar store and had stopped in at one before a security guard’s presence apparently led him elsewhere

Kiplinger

Dollar Tree Eyes Higher-Income Shoppers, Q2 Sales Rise

Dollar Tree narrows outlook amid a shifting sales mix, logistics costs and retail theft concerns.

Chicago Sun-Times

Dollar Tree and Family Dollar agree to pay fine and improve worker safety

Labor Department officials cited issues at the stores including blocked exits, unsafe storage of materials and improper access to fire extinguishers and electrical panels.

The Independent UK

Dollar Tree and Family Dollar agree to take steps to improve worker safety at the bargain stores

U.S. regulators have announced a settlement with the company that runs Dollar Tree and Family Dollar aimed at improving worker safety at thousands of the bargain stores across the country

Daily Mirror

Fuming girlfriend smashes truck into shop window and chases boyfriend around store

The woman is facing attempted murder charges following the dramatic incident which involved her "ramming" into the building and driving around the store in search for her boyfriend, authorities said.

The Independent UK

Debbie Collier: Mystery death of Georgia woman ruled a suicide two months after burned body found in ravine

Death of Georgia mother-of-two has been shrouded in mystery for the last two months after she left a cryptic message to daughter before bizarre death

The Independent UK

Debbie Collier’s daughter believes her mother took her own life

Speaking to ‘Crime on the Record’ podcasters, Amanda Bearden said that her mother ‘was dealing with stuff that she didn’t want to burden me with’

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