We visited Family Dollar, the store that analysts say is becoming Dollar Tree’s biggest problem. Here’s what we found. (DLTR)
|11/29/2018||Posted by BusinessMediaguide.Com under General World News||
- Dollar Tree acquired Family Dollar in 2015.
- Analysts say Family Dollar has been a drag on Dollar Tree’s earnings. In its most recent quarterly results, reported on Thursday, same-store sales at Dollar Tree stores alone were up 2.3%, while Family Dollar’s sales were down 0.4%.
- Family Dollar “remains the weaker part of the business,” Neil Saunders, managing director at GlobalData Retail, said in a note to clients on Thursday. “A high proportion of Family Dollar’s shopper base goes there out of necessity rather than because they particularly want to.”
- We visited one of its stores to find out what it read more >>>