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 ...
Finally, someone who gets right to the meat of the question 😅
https://www.thestreet.com/investing/stocks/trump-states-hit-hard-by-department-store-closings-14060412
https://amp.cnn.com/cnn/2019/12/19/business/2019-store-closings-payless-gymboree/index.html
Look pretty good. Will have a look at DT.
I dunno..every time I go to DG or FD...I drop at least 15-16 bucks.
What is obvious is that a good amount of the store closings are due to over zealous expansion of additional stores in the past few years - they expanded more than they should have.
They built a Dollar Tree near my house within the last 2 years. It’s right next to a Walmart and behind an Aldi. The way the property is configured, you can’t even tell it exists from the road. I can see this one getting shuttered.
But the clock is ticking:
Joe Blogs: CHINA Property Market Starts to Collapse as More Developers Follow Evergrande into Liquidation
https://www.youtube.com/watch?v=6HGduQ3343c
Money doesn’t grow on Trees it seems.
Dollar Tree just opened up a new one half a mile from us! hmmm
To be fair they should have named it dollar twenty-five tree. The base price of most everything there is $1.25.
Atlas Shrugged is a philosophical fiction novel written by Ayn Rand in 1957. It follows Dagny Taggart and Hank Rearden in their struggle against a socialistic government that continues to impede individual success.
Not sure you meant it, but it fits...
Atlas Shrugged is a philosophical fiction novel written by Ayn Rand in 1957. It follows Dagny Taggart and Hank Rearden in their struggle against a socialistic government that continues to impede individual success.
Not sure you meant it, but it fits...
Remember the dime stores when we were growing up? They weren't called that tho, that's what we kids called them.
Even when I was a kid in the early 70s, the neighborhood stores were all run by families. The old ladies who ran the corner store on our street would sell 8 year-old me cigarettes, because they knew my aunt, and they knew the smokes were for her.
I found them. Got 2 pair to use as backups. Thx for the tip.
FWIW, they weren’t with the other electronics. They apparently have a special section for their higher priced items.
In the 1950s and maybe into the '60s, many were actually called 5 and 10 cent stores. There was an Emery 5 and 10 cent store in my home town.
And kids did call those the dime store, and sometimes the 5 and 10.
Coca Cola bottle was 5 cents. Some manufacturing facilities had long-term agreements with Coca Cola bottlers that continued into the 1970’s. You could get a cold bottle from the all-manual Coke machine for 5 cents in 1972.
I am very familiar with “Atlas Shrugged.” Still refer to it FRom time to time.
Read it, the first of at least five times, when I was 17.
And have been astonished and appalled as Ayn Rand’s fiction has become OUR reality!
I know what it means, and I did mean it!
Who is John Galt?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.