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Dollar Tree CEO: Dollar-stores are 'most attractive' retail segment

from The Charlotte Observer

Nearly 11 months after buying Matthews-based Family Dollar, Dollar Tree said that the combined company is off to a "successful start" to 2016. And as other retailers report dismal first-quarter financial results, Dollar Tree’s CEO says he considers dollar stores “the most attractive sector” in retail. The discount chain said first-quarter revenue rose nearly 134 percent from the same period a year ago thanks to sales from Family Dollar stores and newly opened Dollar Tree stores. Still, as has been the case in the past, Dollar Tree said margins fell because of the less-profitable product mix at Family Dollar stores. more

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