Dollar Tree posts downbeat results, to shut nearly 1,000 stores
Reuters
March 13, 20247:44 AM EDTUpdated an hour ago
https://www.reuters.com/business/dollar-tree-close-nearly-1000-stores-2024-03-13/ March 13 (Reuters) - Dollar Tree (DLTR.O), opens new tab missed Wall Street expectations for quarterly sales and profit on Wednesday and laid out plans to shutter 970 of its Family Dollar stores, as the retailer looks to revamp the struggling business.
Shares of the Chesapeake, Virginia-based firm fell about 8% in premarket trading after it also projected annual sales and profit below expectations.
Dollar stores have been struggling to deal with a shift in consumer spending to lower-margin essentials from higher-margin discretionary products like home decor, electronics and toys. They also face stiff competition from rivals such as Walmart (WMT.N), opens new tab and Chinese e-commerce platform Temu.
In November, Dollar Tree had said it would be reviewing its Family Dollar business, including potentially shutting down underperforming stores, to return to growth.
The discount store chain said it would close about 600 Family Dollar stores in the first half of fiscal-year 2024 and 370 more over a period of a few years along with 30 Dollar Tree outlets, as their lease terms expire.
The company took a $594.4 million charge for a portfolio optimization review and incurred a goodwill impairment charge of $1.07 billion, as well as $950 million in other asset impairment charges in the reported quarter.
Anonymous
>>1277248 >woke Dollar store is a libertarian's wet dream.
10 finger freddy's discount stores just died
10 finger freddy's discount stores just died Wed 13 Mar 2024 14:12:28 No. 1277282 Report >>1277248 this horrible news for me.
i get 1/2 my stuff from lifting from those stores
Anonymous
>>1277282 Stealing from chain stores with a vast footprint like Family Dollar or Walgreens, for example, isn't even a crime.
Anonymous
Woke raccoons turned over my trash bins last night
Anonymous
>>1277285 >>1277282 >mfw blacks wonder why they live in food deserts martin luther lifter
Quoted By:
>>1277286 coons?
>>1277307 >blacks wonder why they live in food deserts they took our freedom
they took our homes
they took our reparations
and now they take our lifting stores
Anonymous
Quoted By:
>>1277307 Well, that's simply because they never think to fill the gap with something else because they're mostly a community of criminals.
It's usually the asians that do that for them.
Anonymous
>>1277268 They sell woke products and use woke propaganda.
Anonymous
Quoted By:
>>1277342 theyre suddenly aware of social injustice?
Anonymous
>>1277342 According to you every company is woke. Coca Cola is woke. Chick-Filet is woke.
Anonymous
Quoted By:
>>1277342 What does woke mean?
Anonymous
Quoted By:
>>1277435 i've heard their water utility provider is woke. keep it between us
Anonymous
>>1277342 >>1277248 It wouldn't surprise me if Dollar Tree is woke now, since most corporations hate white men, but do you have a link for this?
Anonymous
Quoted By:
>>1277444 poor persecuted white kid can't into google
Anonymous
reminder that foxnews tried to trademark the term OK Boomer. it's just a popular term that they dont understand themselves but use it and wish to own it as they are not creative.
Anonymous
Quoted By:
>>1277342 They sell products and market them.
Anonymous
Quoted By:
>>1277449 HEY CRACK FIEND you're in the wrong fucking thread! Got dam crack heads.
Anonymous
>>1277435 >Coca Cola they are woke. They hate White people so much they think we should "be less White"
Anonymous
Quoted By:
>>1277531 S-so no more clear Coca Cola?
Anonymous
Conservatives need an enemy so bad they create new ones to hate every day. “Woke” might as well mean “things we decided today we don’t like” If you don’t have an enemy to hate, what do you have?
Anonymous
>>1277531 case in point. every corporation is woke according to you.
Anonymous
>>1277549 >>1277563 >keeps claiming conservatives can't define woke >every-time conservatives call corporations woke, you're in the trenches fighting on the corporations behalf and defending them >for free LIVE THE BILLION DOLLAR COMPANY ALONE, CHUDS
REEEEEEEEE
Anonymous
>>1277564 And now we are your enemies too. Us and the billionaire companies vs you, huh? That must be comforting. Like a warm blanket to wrap yourself in.
Fucking pathetic take my dude. Your willful ignorance is an ugly dress and makes you look like a whore.
By pointing out that this shit company is losing money by being a greedy corporate behemoth that doesn’t give a shit about their employees or customers and asshole executives trying to wring every penny out of this terrible company as the true reason they are going broke, is somehow me defending the company?
but yet again conservatives have to spin any and all things into “woke” enemies that morally deserve to fail because they lake conservatives values. Your bias and myopic view is sad.
Anonymous
>>1277564 I'm not defending Coke, in fact I find corporate pride sponsorships tacky and superficial.
They'll publicly support LGBT, but they will still quietly discriminate against LGBT people.
I just find it funny that you think every corporation is woke because once a year they post a rainbow flag on their twitter.
It's an empty virtue signal to LGBT people and (primarily) liberals to buy Coke. It's no different to if they ran an ad in Wyoming with a cowboy drinking Coke.
Anonymous
>>1277567 Imagine giving up all your values just to be contrary.
Anonymous
Quoted By:
>>1277569 Again you refuse to read or understand a criticism of your view. Even if we both agree that Dollar store and their parent company are bad.
Instead you just paint me as without values, or in some way inferior, simply to remain willfully ignorant about the conservative push to make everything a culture war issue and apply “woke” labels to anything negative to associate liberal views with negative things.
Keep on being dense and refusing to examine your beliefs, that mentality is what the entire concept of conservatism relies on.
Anonymous
Quoted By:
>>1277568 >It's an empty virtue signal to LGBT people and (primarily) liberals to buy Coke. nta but isn't that the very heart of what it means to be "woke?" Empty capitalist platitudes about how we should live our lives in increasingly unstable/unfulfilling ways while simultaneously providing a solution to the constant dull pain of said lifestyle with a product?
Most "alternative lifestyles" are extremely atomized. Here, have a coke. It's basically dopamine in a bottle.