Posted on 03/13/2024 8:46:17 AM PDT by Sam77
Dollar Tree and its subsidiary, Family Dollar, will close 1,000 stores following a net loss of $1.71 billion over three months, the discount retailer said Wednesday.
The company plans to close about 600 Family Dollar stores in the first half of this year and allow about 370 Family Dollar stores and 30 Dollar Tree stores to close over the next few years at the end of their lease terms.
The company opened 641 new stores, including 333 Dollar Trees and 308 Family Dollars, last fiscal year, which ended on Feb. 3, 2024.
(Excerpt) Read more at justthenews.com ...
Just build it back better!!! bwhahahhahhahahhaha.....roflmao!
LEX
Atlas is shrugging?
I wonder if they shouldn't have spend money to sponsor Joe Gibbs Racing teams. Depending on the neighborhood, Family Dollar can be nice stores, but the ghetto FD DT stores are bad.
Typing on the phone, autocorrect, etc
I meant govt (government)... sorry
Sure, a fair number among their customer base have sticky fingers, but that’s not really new. I suspect that Bidenomics is the main culprit here. When your business model is based on flat $1, $1.50, $2 prices, inflation will decimate your bottom line.
True, it's the only place I ever saw with locks being stolen!!) I looked for a lock one day, so I went a half mile to an FD and went to the hardware section...3 packages that held locks..no locks in them. F D
The low cost of shipping small packages from China to the United States has made it easy for small Chinese sellers to reach US consumers. Direct sales through eBay and the Amazon marketplace have boomed. Inexpensive postage allows Chinese merchants to offer free shipping to American customers. It isn't fast โ international mail from China can take two weeks or more. However, the low price is attractive to both buyers and sellers.
In the past, the cost to ship a 4.4-pound package from China to the US topped out at $5.41 โ less than it would cost a US eCommerce seller to ship the same item to a US address.
For example, a Chinese manufacturer could ship a t-shirt that weighs 1 pound (about 453 grams) to Cincinnati. The cost to send this small parcel from China to the US would be less than $2. To ship that same t-shirt from Miami to Cincinnati, you'd have to pay $6.70 for Priority Mail, since most domestic packages over 13 ounces must be shipped by Priority.
Although the US t-shirt in this example would arrive much more quickly, there's almost a $5 difference in shipping costs. This gave the Chinese eCommerce seller a competitive edge on shipping costs. If he can offer his products at lower prices, that's hard for a US-based seller to beat.
Now that the new Universal Postal Union treaty has gone into effect, this equation may change. Small parcel charges from China to the US have risen significantly. It's too early to tell what effect this will have on Chinese eCommerce sales to the US and other countries. However, it puts US eCommerce companies on a more equal footing with their Chinese competitors, at least in terms of shipping costs.
https://redstagfulfillment.com/universal-postal-union-treaty/
If it is considered unfit for bologna ...
Or Vienna Sausages..............
If I can find those, Iโll give them a try. Thx.
We used to have a Family Dollar store, and it was rebranded as a Dollar Tree. Thereโs also a Dollar General about a mile away from the Dollar Tree. I rarely shop in either. I try to stay away from stuff made in China, though sometimes they have what Iโm looking for when nowhere else does.
It’s disgusting slime.
Also, the whole CCP is a criminal enterprise that doesn’t respect patents, trademarks, copyrights, or much else, which is a big cost saver.
There’s also a flat-bottomed charge case version, but those are not well rated; when I first saw the linked ones, there was just one in stock, and about six of the flat-bottomed ones, which is at least as good as relying on online reviews. :^)
The new ones I haven’t seen are more like the Beats product, and have a microphone for handsfree phone calls.
The problem is much more than inflation problems. The junk in those stores isn’t worth jack, cheap or not.
The DG has produce...
I shop at all three places...
I also buy on-line...Amazon and Walmart....mainly.
When you are rural...you have to do what you need to do.
FWIW
Loss is after write-offs.
Dollar store opened in the little town where my daughter lives. A local farmer sat down with the local grocery store and went over their yearly operating expenses. Then wrote them a huge check. He said, I want you open !
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