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
MEMPHIS, Tenn. — Former CVS and Family Dollar Stores Inc. executive Mike Bloom has become president and chief operating officer of small-box discounter Fred’s Inc. “Our board of directors views this senior management addition as an important step in the process of developing the Fred’s team of the future,” said company chairman Michael Hayes. “The hiring
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%
