CHESAPEAKE, Va. — Dollar Tree has made two key additions to its leadership team, naming John Flanigan chief supply chain officer and Larry Gatta chief merchandising officer for the Family Dollar banner. “Driving supply chain efficiencies and improving the operating performance of our Family Dollar banner are important elements to long-term value creation for our
CHESAPEAKE, Va. — Gary Philbin has been named president and chief executive officer of Dollar Tree Inc. The move is part of a planned leadership succession in which Bob Sasser, the company’s CEO since 2004, has assumed the role of executive chairman of the board. Sasser, 65, joined Dollar Tree in 1999 as chief operating
CHESAPEAKE, Va. — Dollar Tree Inc. has tapped former Walmart executive Duncan Mac Naughton to serve as president and chief operating officer of its Family Dollar chain. Mac Naughton succeeds and will report to Gary Philbin, who has been promoted to a new role as enterprise president of Dollar Tree. Mac Naughton most recently served
SECAUCUS, N.J. — Family Dollar chief merchant Jason Reiser is joining Vitamin Shoppe Inc as chief operating officer. Vitamin Shoppe said late Thursday that Reiser, executive vice president and chief merchandising officer for Dollar Tree Inc.’s Family Dollar business, will take the reins as COO on July 11. In his new post, Reiser will be
GOODLETTSVILLE, Tenn. — Over the next two years, Dollar General Corp. plans to open nearly 2,000 new stores. The deep discount chain said late Wednesday that about 900 new stores and 875 relocations/remodels are slated for the current 2016 fiscal year. That will be followed up by approximately 1,000 new stores and 900 relocations/remodels in
CHESAPEAKE, Va. — Michael Witynski has been appointed chief operating officer at Dollar Tree Inc. The dollar store chain said Thursday that Witynski, previously senior vice president of stores, will be responsible for store operations and real estate for all Dollar Tree bannered stores in the United States, as well as for all retail operations
CHESAPEAKE, Va. — Dollar Tree Inc. has finalized its deal to acquire rival Family Dollar Stores Inc. Dollar Tree said Monday that under the merger agreement announced and unanimously approved by each company’s board in July 2014, Family Dollar shareholders will receive $59.60 in cash and 0.2484 of a share of Dollar Tree common stock
CHESAPEAKE, Va. — As part of gaining regulatory approval for its acquisition of Family Dollar Stores Inc., Dollar Tree Inc. has agreed to sell 330 stores to private equity firm Sycamore Partners. The stores being sold — all Family Dollar locations — are slated to be operated under the Dollar Express banner by New York-based
MATTHEWS, N.C. — The battle for Family Dollar Stores Inc. is over, and the winner is the company with the less generous bid. Family Dollar shareholders on January 22 voted to accept a cash-and-stock offer from Dollar Tree Inc. that valued Family Dollar at $8.7 billion at the time it was accepted. The vote put an
The new year is just over a month old and already the chain drug industry has seen its fair share of noteworthy events. Walgreens Boots Alliance had a coming out party, opening trading at NASDAQ and unveiling its new corporate logo; Brian Unmacht became the first person outside the Bartell family to serve as president
MATTHEWS, N.C. — Signaling an end to an acquisition squabble between dollar store chains, shareholders of Family Dollar Stores Inc. have voted in favor of the company’s previously announced merger deal with Dollar Tree Inc. Family Dollar said that in the Thursday morning special meeting of stockholders, 74% of the total outstanding shares and 89%
