Dollar Tree Names Rick Dreiling To Addl. Role Of CEO; Mike Witynski Steps Down
(RTTNews) - Dollar Tree, Inc. (DLTR) announced on Tuesday that Mike Witynski, who has been in leadership positions at Dollar Tree since 2010 and served as CEO since 2020, is stepping down from the Board and leaving the Company.
Executive Chairman Rick Dreiling will expand his role to assume the position of Chief Executive Officer, effective January 29. He has been executive chairman since March 2022.
Dreiling was previously Chairman of the Board of Directors of Dollar General Corp. from 2015 to 2016 and was Chief Executive Officer and Chairman of the Board of Directors of Dollar General from December 2008 to 2015.
Earlier, he served as President, CEO and Chairman of the Board of Directors of Duane Reade Holdings Inc. and Duane Reade Inc.
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Dollar Tree Reportedly Mulls Sale Of Family Dollar; Stock Up
Discount retail chain Dollar Tree, Inc. is exploring the sale of its unit Family Dollar Stores LLC, the Wall Street Journal reported citing people familiar with the matter. Following the news, Dollar Tree shares were gaining around 3 percent in pre-market activity on the Nasdaq. The company is working with financial advisers to conduct a strategic review of its Family Dollar business to explore...
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vor 19 Tagen
Hormel Foods Recalls Select Planters Peanuts, Mixed Nuts
Hormel Foods Sales, LLC, affiliated to food processing major Hormel Foods Corp., is recalling a limited number of two Planters nut products citing potential to be contaminated with Listeria monocytogenes, according to the U.S. Food and Drug Administration.
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vor 50 Tagen
P&G Recalls 8.2 Mln Defective Laundry Detergent Packets
Consumer goods giant Procter & Gamble Co. has called back around 8.2 million defective bags of Tide, Gain, Ace and Ariel laundry detergent packets distributed in the United States citing risk of serious injury, the U.S. Consumer Product Safety Commission announced. In addition, about 56,741 were sold in Canada. According to the agency, the outer packaging meant to prevent access to the contents...
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vor 78 Tagen
Dollar Tree To Close Nearly 1000 Family Dollar Stores
Discount retail chain Dollar Tree, Inc. said it is planning to close around 970 underperforming stores of its unit Family Dollar Stores LLC as part of its comprehensive store portfolio optimization review. The planned store closures also include around 30 Dollar Tree stores. According to Rick Dreiling, Chairman and Chief Executive Officer, the decisive steps will strengthen the Family Dollar brand
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vor 102 Tagen
Dollar Tree Slips To Hefty Loss In Q4 On Charges
Dollar Tree reported Wednesday a hefty net loss for the fourth quarter compared to a profit last year, hurt by huge charges, despite gross margin improvement and revenue growth. Adjusted earnings per share and net sales also missed analysts' expectations. The company also provided weak earnings guidance for the first quarter.
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vor 103 Tagen
FDA Warns Against Cinnamon Products For Elevated Lead Levels
The U.S. Food and Drug Administration, amid the ongoing reports of lead poisoning in young children, announced several additional steps to address concerns about elevated lead levels in various cinnamon products. The agency also recommended recall of certain ground cinnamon products sold by a number of brands at six different retail chains that were found to contain elevated levels of lead.
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vor 109 Tagen
Family Dollar Fined $42 Mln For Storing Food, Drugs In Rodent-Infested Warehouse
Family Dollar Stores LLC, affiliated to Dollar Tree Inc., has agreed to pay $41.675 million after pleading guilty to holding consumer products including food and drugs in rodent-infested warehouse, according to the U.S. Department of Justice. It is the largest-ever monetary criminal penalty in a food safety case, the DOJ noted.
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vor 118 Tagen
Dollar Tree Trims FY23 Earnings, Revenue Outlook - Update
While reporting financial results for the third quarter on Wednesday, Dollar Tree, Inc. (DLTR) provided guidance for the fourth quarter and trimmed its earnings and revenue guidance for the full-year 2023.
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vor 208 Tagen
