Dollar Tree and Family Dollar to close nearly 1,000 stores
Dollar Tree plans to close nearly 1,000 stores between its namesake general discount store and subsidiary chain Family Dollar. Family Dollar will close 600 stores in the first half of 2024 and 370 over the next few years as store leases expire, the company announced Wednesday. After reporting a net loss of $1.71 billion on […]
California mom alleged ‘ringleader’ behind $8M retail theft ring that hit over 200 Ulta stores, others: AG
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Dollar Tree to Close 1,000 Stores After ‘Surprise Fourth-Quarter Loss’
Approximately 1,000 Family Dollar and Dollar Tree stores are scheduled to close after “failed” business decisions and an “unexpected fourth-quarter loss,” sending the company’s stock plummeting. Dollar Tree made a bid to rival Dollar General to acquire Family Dollar for more than $8 billion in 2015, but the merger failed to produce positive results. Company […]
Iconic Discount Merchandise Brand To Shutter Around 1,000 Stores As Harsh Economic Factors Weigh On Sales
Dollar Tree and its subsidiary Family Dollar announced Wednesday that they will close about 1,000 stores over the next few years, unable to rebuild sales due to struggling consumer spending. 998.4 million for the 53 weeks ended February 3, 2024, despite net sales increasing 8.0% to $30.6 billion and gross profit increasing 4.3% to $9.31 […]
Dollar Tree plans to close 1,000 stores
Dollar Tree announced Wednesday that it will close 1,000 Family Dollar and Dollar Tree stores. “During the fourth quarter of fiscal 2023, the Company will implement a comprehensive store plan, including identifying stores for closure, relocation, or banner changes based on assessments such as current market conditions and individual store performance. announced that it has […]
Nail salon Glosslab — backed by Olivia Culpo, ex-Tinder CEO Sean Rad, Chainsmokers — accused of stiffing landlords, closing stores
Glosslove, a high-end nail salon backed by former Miss Universe Olivia Culpo, former Tinder CEO Sean Rudd, and The Chainsmokers, has announced multiple expansion plans after its aggressive expansion plans stalled. The Post has learned that some stores have closed their stores and are withholding rent. Founder Rachel Glass, a former hedge fund executive who […]
ALDI plans to open 800 stores by end of 2028 in $9 billion expansion
Baton Rouge, Louisiana (WVLA/WGMB) — ALDI has entered into a deal to acquire Southeastern Grocers, the parent company of Winn-Dixie Supermarkets and Harvey Supermarkets, according to an announcement Thursday. The acquisition is part of a $9 billion expansion plan to open 800 stores nationwide by the end of 2028, ALDI officials said. The five-year plan […]
Facing fines, landlords evict illegal weed stores, NYC officials say
New York City landlords have moved to evict 75 retail tenants who were selling marijuana without a license after being threatened with $10,000 in fines, city officials announced Tuesday. Mayor Eric Adams’ Marijuana Enforcement Task Force sent notices to 435 landlords in November, warning them that their retail tenants were found to be illegally peddling […]
Whole Foods is launching small-format stores across NYC
Whole Foods Market announced it will open a chain of convenience store-sized stores in New York City as part of its continued expansion in densely populated metropolitan areas across the United States. in a press release The Amazon-owned luxury supermarket said Monday that each Kwik Shop store will be between 7,000 and 14,000 square feet, […]
First over-the-counter birth control pill expected in stores later this month
The first over-the-counter contraceptive pill will be available in U.S. stores later this month, making buying birth control pills as easy for American women and teens as buying aspirin. Manufacturer Perrigo announced Monday that it has begun shipping the drug Opil to major retailers and pharmacies. According to the company’s suggested retail prices, a one-month […]