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Dollar Tree and Family Dollar Combo Stores On the Way


Dollar Tree and Family Dollar Combo Stores On the Way
You may have heard the rumors of new combination Dollar Tree and Family Dollar stores, but now we have the definitive answer.
According to a report from CNN, Dollar Tree and Family Dollar stores are planning to expand in 2021 by opening more locations and even building 50 new combination stores that will offer customers the opportunity to shop both brands.
To be honest, who even knew that Dollar Tree and Family Dollar are owned by the same company?
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Apparently the acquisition of Family Dollar into the Dollar Tree organization occurred in July 2015. Then in 2018 the company decided to merge their support centers to invest in future growth. ....

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Dollar Tree, Inc. : Reports Results for the Fourth Quarter and Fiscal Year 2020


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~ Same-Store Sales: Enterprise +4.9%; Family Dollar +8.1%; Dollar Tree +2.4% ~
~ Introduces Combination Store Concept, Comprised of Both Brands, to Serve Small Towns ~
~ Board of Directors Increases Share Repurchase Authorization by $2.0 Billion ~
Dollar Tree, Inc. (NASDAQ: DLTR) today reported financial results for its fourth quarter and fiscal year ended January 30, 2021. Also, on March 2, 2021, Dollar Tree’s Board of Directors increased the Company’s share repurchase authorization by $2.0 billion. Under the authorization, purchases may be made in the open market or through privately negotiated transactions subject to market and other conditions. The authorization has no expiration date.
“I am very pleased with the team’s operating performance for the fourth quarter, highlighted by a solid same-store sales increase, improved gross margin and expense leverage,” stated Michael Witynski, President and Chief Executive Officer. “Furthermore, Dollar T ....

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