@KobeissiLetter: Dollar Tree stock, $DLTR, is down nearly 15% today after announcing 600-store closure and large earnings miss.
@KobeissiLetter: Dollar Tree stock, $DLTR, is down nearly 15% today after announcing 600-store closure and large earnings miss.
GEEZ …. 15,100 stores … I had to look it up.
It might actually not be much more than over expansion or perhaps unfriendly, ie shoplifting prone, markets.
Or perhaps the seven horsemen of the apocalypse ride tonight 😉
Ride tonight made me think of LA Women …. ride it ride it whoooo https://www.bing.com/videos/riverview/relatedvideo?&q=L.A.+Woman+Doors+song&&mid=635ED373C1A26BBA2C1B635ED373C1A26BBA2C1B&&FORM=VRDGAR
Seven? When did they get a staff upgrade?
Man, I miss everything these days . . .
4 Percent of their stores doesn’t sound like a lot, and it probably the stores that are most underwater due to local DA conditions.
‘Local DA conditions’. That’s good.
Oooooh. That’s bad. They’re practically an economic bellwether.
Sorry but I didn’t buy any pickles to help the store profit…
We’ll be able to say we lived through the “greatest” depression. If we live through it of course.
Less than 4% of the stores.
Close them down in the high crime rate areas yos save them costs there.
They consumer-tested “Ten Dollar Store” but it wouldn’t fly.
I’ve actually been joking that Five & Ten stores will be coming back.
They raised their prices and so now a lot of their stuff isn’t cheaper than Walmart. They tried to add some higher end items for more money to keep the customers coming. Turns out the Dollar Tree isn’t popular when everything costs more than a dollar.
Overexpansion. There are nine dollar stores in my old town. Five of them new since 2020.
One family dollar was looted and burned the first night of the George Floyd riots. They gave up on that location but kept building more a little further from the ghetto.
All seem to struggle. Too far to walk when you’re cracked out of your mind.
Does that mean my local branch will close? Get it? Dollar Tree/Branch? Ba dum bum ching!
And Dollarama is flourishing in Canada, opening more stores and profits are up,way up. Small company,only 1500 stores.
Looks like Dollarama is the winner of cheap places to shop,but you have to know your prices,they’re often more expensive than the big box stores.
Really, given the US economy is 15 times ours (used to be 10) but that is what years of nanny statism get you, 1,500 is pretty big.
I’m trying to picture what a Dollar Tree clearance sale looks like.
Dollar Tree (DLTR) bought another chain called Family Dollar and had trouble improving the profitability of the acquired company. They brought in a new CEO who had successfully run a similar chain. It has taken much longer than hoped to turn it around.
The low priced end of retail should have been a haven in uncertain economic times, but DLTR has floundered.
Closing all these stores is a tacit admission that the acquisition was not successful. “Shrinkage”, a corporate euphemism for shoplifting, has been a persistent problem.
When government taxes and policies force up the price of manufactured and imported goods prices go up at the retail level, everywhere. I never expect logic to be part of any equation these days.
Very good user commentary here. A lot of the same simple, logical explanations came immediately to my mind too.
Kind of surprised at a click baity fear mongery type blog posting like this. The owner has far better critical faculties than this and she should know we do too ?
Don’t be like the lamestreams, please. We get enough gaslighting from them without it happening from quality sources like SDA too.
just my (inflation diminished) 2 cents.