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The Latest Breaking News from Family Dollar

Dollar Tree sold recalled apple sauce

Many of the recalled products contained a lead concentration more than 200 times greater than the FDA's guidance

Salon

Store closures are rocking the US market. Here’s the restaurants and retailers shutting their doors

Many closures are the result of already-struggling companies reaching their breaking points and declaring bankruptcy

The Independent UK

Is the dollar store doomed? Local backlash and rising inflation are putting the brakes on explosive nationwide growth

Dollar stores have spread exponentially in recent years to more than 35,000 locations across the country, but many communities are fighting back after seeing local businesses destroyed by them, write Richard Hall and Alicja Hagopian

The Independent UK

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Dollar Tree Puts Family Dollar Up For Sale Years After Disastrous Merger

Dollar Tree is putting Family Dollar up for sale after an $8.5 billion merger in 2015 failed to work.

International Business Times

Stock Market Today: Stocks Post Gains on Rising Rate-Cut Hopes

More signs of a cooling labor market boosted bets for a September rate reduction from the Fed.

Kiplinger

Dollar Tree Considers Selling Family Dollar: What To Know

Dollar Tree stock is lower Wednesday after the dollar-store chain reported earnings and announced a strategic review of its Family Dollar segment.

Kiplinger

Family Dollar could be sold or spun off

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

Fortune

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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

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

How dollar stores link to food deserts

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

Salon

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WEKU

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.

Kiplinger

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.

Barchart

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...

WEKU

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.

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news in one place.

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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.

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.

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.

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