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7 mentions found


☆ Theft just keeps getting worse for Dollar Tree
  + stars: | 2024-03-13 | by ( Alex Bitter | ) www.businessinsider.com   time to read: +3 min
Dollar Tree says theft will remain a problem at its stores well into 2024. Dollar Tree is closing about 1,000 Family Dollar stores, it also said Wednesday, a result of a review of the brand that has been months in the making. Theft was one of many factors that Dollar Tree considered when it decided which locations to close, the executives said. Last year, Dollar Tree locked some items up and put others behind checkouts to deter would-be shoplifters. Do you work at Dollar Tree, Family Dollar, or Dollar General and have a story idea to share?
Persons: —, Richard Dreiling, Jeffrey Davis, Davis, Dreiling Organizations: Service
☆ Medicare's drug-price negotiations will save the government billions in healthcare spending — but patients may not feel the benefits
  + stars: | 2023-09-25 | by ( Natalie Rahhal | ) www.businessinsider.com   time to read: +6 min
Patients with private health insurance aren't likely to see a drop in costs from the negotiations. Longo said the price-setting provisions will drive research and investment away from treatment options for Medicare patients. If drug companies won't come to the negotiating table to lower drug prices paid by private insurers, those insurers could take the companies' drugs off their lists of covered medications. Or, if private insurance companies don't negotiate drug prices down for their patients, patients in some cases could seek out different insurance. "These are not full solutions, but they are the beginning of cracks in the facade" of drug companies' constant price hikes, Feldman said.
Persons: Biden, Juliette Cubanski, Jeffrey Davis, Davis, Richard Frank, —, Nicole Longo, Longo, it's, — aren't, Robin Feldman, Feldman, Cuban's Organizations: Medicare, Healthcare, Morning, Centers, Services, Congressional, McDermott, Consulting, Brookings Schaeffer Initiative, Health, Pharmaceutical Research, Manufacturers of America, PhRMA, University of California Law School, Costco, Pharmaceutical Locations: Lower
☆ Dollar Tree said theft is such a problem it will start locking up items or stop selling them altogether
  + stars: | 2023-08-24 | by ( David Goldman | ) edition.cnn.com   time to read: +3 min
New York CNN —Dollar Tree had a miserable quarter, and company management is chalking it up to a mix of factors: changing consumer demands on top of higher prices for fuel and electricity … and theft. Shares of Dollar Tree plunged 10% on the news. Dick’s Sporting Goods this week also cited theft as a primary reason why its profit plunged last quarter, even though sales rose. Target warned earlier this year that it was bracing to lose half a billion dollars because of rising theft. And the summer heat has sent air conditioning costs through the roof; Dollar Tree said that, too, has hurt its bottom line.
Persons: Richard Dreiling, Jeffrey Davis, Davis, Dreiling, “, Kurt Petermeyer Organizations: New, New York CNN, Wall, OSHA, Dick’s, Goods, Walgreens Locations: New York, Atlanta, Lowe’s
☆ Dollar Tree is considering locking up products to deter theft
  + stars: | 2023-05-25 | by ( Alex Bitter | ) www.businessinsider.com   time to read: +3 min
Dollar Tree faced higher "shrink" during the company's first quarter, executives said Thursday. Like many retailers, Dollar Tree is considering "defensive merchandising" or restricting product access. One of the steps Dollar Tree is considering is "defensive merchandising," a retail industry term for locking up merchandise and requiring customers to retrieve it with an employee's help. The chain also said its customers bought more groceries and other consumable goods, which generally are less profitable than other things Dollar Tree sells. Do you work or shop at a dollar store and have a story to share?
☆ Dollar Tree shares plunge after company misses on earnings, slashes full-year profit outlook
  + stars: | 2023-05-25 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com   time to read: +4 min
Shares of Dollar Tree plunged more than 16% in intraday trading Thursday after the company fell short of Wall Street's earnings expectations for the most recent quarter and slashed its profit outlook for the full year. On an adjusted basis, the company reported earnings of $1.47 per share, falling below Wall Street projections. Dollar Tree, which runs its namesake banner and Family Dollar, has been in the midst of a turnaround after shuffling up its executive leadership and raising prices. While other value-oriented retailers, such as TJ Maxx , have seen promising results this retail earnings season, Dollar Tree has fallen short. Even with the companies low prices, Dollar Tree shoppers have been focusing their spending on essential items, which carry lower margins, over discretionary purchases.
☆ Shoppers expected to spend on Black Friday, despite inflation
  + stars: | 2022-11-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +2 min
The holiday shopping season looks much different than it once did. Instead of doorbuster deals on Black Friday, retailers began their holiday sales in early fall. Shoppers are once again expected to buy around key holidays like Black Friday and also buy later in the season, hoping to land deals. Overall, holiday sales are expected to grow this year, but at a slower pace than last year. Holiday sales will increase by up to 8% this year, the National Retail Federation projects.
☆ Surprise: Dollar Tree’s $1.25 price strategy is actually working
  + stars: | 2022-11-23 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +3 min
Other companies have also raised prices, so Dollar Tree has been shielded from major customer blowback. Sales at Dollar Tree stores increased 8.6% last quarter compared to a year ago, the company, which also owns Family Dollar, said Tuesday. “Our transition to the $1.25 price point has enabled our merchants to greatly enhance value,” Dollar Tree CEO Michael Witynski said on a call with analysts Tuesday. Dollar Tree has since brought back some of these items at $1.25 and expanded its offerings of meat, pizza, breakfasts and other consumable items. Dollar Tree is also adding more $3 and $5 items to stores, building on a previous strategy.
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