{"id":4155,"date":"2014-08-25T10:34:21","date_gmt":"2014-08-25T10:34:21","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/?p=4155"},"modified":"2014-08-25T10:34:21","modified_gmt":"2014-08-25T10:34:21","slug":"company-snapshot-dollar-tree","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2014\/08\/company-snapshot-dollar-tree\/","title":{"rendered":"Company Snapshot: Dollar Tree"},"content":{"rendered":"

Dollar Tree: The Family Dollar Drama Continues<\/strong><\/h3>\n

Dollar Tree Stores Inc.<\/strong><\/p>\n

Address:
\n<\/strong>500 Volvo Parkway
\nChesapeake, VA 23320-1604<\/p>\n

Telephone:
\n<\/strong>757-321-5000<\/p>\n

Year Founded:
\n<\/strong>1986<\/p>\n

Total Stores:
\n<\/strong>5,166<\/p>\n

Total Annual Sales:
\n<\/strong>$7,840,300,000<\/p>\n

Senior Executive:
\n<\/strong>Macon F. Brock- Chairman
\nBob Sasser- CEO<\/p>\n

During the past month, Dollar Tree exploded into retail headlines by announcing Family Dollar\u2019s acceptance of its $8.5 billion offer to purchase the number two extreme value, national dollar store chain.\u00a0 The Family Dollar board of directors\u2019 groundbreaking decision to accept the offer had been somewhat forced by a campaign of major stockholders.\u00a0 Complications were sure to follow.<\/p>\n

Immediately, another Family Dollar shareholder threatened to sue in order to block the Dollar Tree acquisition, expecting higher bids would soon emerge.\u00a0 As anticipated by CSG\u2019s Insight<\/a> of August 11, within two weeks speculation about Dollar General\u2019s interest in upping the ante came true, as the industry leader entered with a bid of over $8.9 billion.\u00a0\u00a0 \u00a0\u00a0<\/strong><\/p>\n

Now Family Dollar has rejected the Dollar General offer citing fears of federal antitrust violations.\u00a0 The Family Dollar board has reiterated its comfort in reverting to the lower Dollar Tree bid.<\/p>\n

Meanwhile several major Family Dollar shareholders have balked at the idea of accepting an offer of lesser value.\u00a0 Some hope to receive a bid higher than even that of Dollar General\u2019s nearly $9 billion offer.\u00a0 Additional stories are emerging about a cat and mouse game which included past impromptu merger discussions between Family Dollar and Dollar General and a number of proposed talks, including some which had been alternately snubbed by each party.<\/p>\n

Recently Chain Store Guide has been the recipient of an extremely high number of inquiries for data on these three national dollar store chains and their locations.\u00a0 CSG\u2019s locations database mirrors the aggressive growth patterns of these giants.\u00a0 Focusing on Dollar Tree, Dollar General and Family Dollar, CSG has added over 6,000 locations, while indicating over 1,200 closings, over the past five years.\u00a0 Our latest monthly update for these three now totals 24,626 locations.<\/p>\n

In the meantime the growing drama of a likely major merger between dollar retail chains continues to unwind. \u00a0Dollar Tree, Family Dollar and Dollar General likely will continue to generate headlines of national importance beyond their stations in retailing. \u00a0It looks like we are in for a bumpy ride.\u00a0 Don\u2019t forget that Walmart is likely lurking in the background.<\/p>\n

Stay tuned.<\/p>\n","protected":false},"excerpt":{"rendered":"

Dollar Tree: The Family Dollar Drama Continues Dollar Tree Stores Inc. Address: 500 Volvo Parkway Chesapeake, VA 23320-1604 Telephone: 757-321-5000 Year Founded: 1986 Total Stores: 5,166 Total Annual Sales: $7,840,300,000 Senior Executive: Macon F. Brock- Chairman Bob Sasser- CEO During the past month, Dollar Tree exploded into retail headlines by announcing Family Dollar\u2019s acceptance of… Continue reading Company Snapshot: Dollar Tree<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-template-no-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[15],"class_list":["post-4155","post","type-post","status-publish","format-standard","hentry","category-discount-specialty","tag-snapshot","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/4155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=4155"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/4155\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=4155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=4155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=4155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}