Dollar Tree Stock News

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Dollar Tree said it has named Michael Creedon Jr. as the discount retailer's permanent chief executive, removing the interim tag he has carried since early November.

CHESAPEAKE, Va.--(BUSINESS WIRE)--Dollar Tree, Inc. (NASDAQ: DLTR) today announced that its Board of Directors has appointed Interim CEO Michael C. Creedon, Jr. as permanent Chief Executive Officer. Creedon joined Dollar Tree in 2022 as Chief Operating Officer and over the past two years has taken on increasing levels of responsibility. In November 2024, Creedon was appointed Interim Chief Exec...

On Nov. 5, Donald Trump won the U.S. presidential election. As is the case with all politicians, there were many promises made during the campaign, but among Trump's proposals was a call to increase import tariffs on goods from China.

The better part of 2024 has been particularly challenging for dollar store chains like Dollar General (DG -1.89%) and Dollar Tree (DLTR -1.04%), the latter of which also owns Family Dollar. Whereas higher-earning households have comfortably curbed costs by shopping at Walmart (WMT 0.39%) more often than they have in the past, Dollar Tree's and Dollar General's core customers don't have a compar...

2024 has been a generally outstanding year for the stock market, with the S&P 500 (^GSPC 0.82%) up by nearly 30% year to date as of Dec. 11. However, not all stocks have performed nearly this well –- in fact, some components of the S&P 500 have underperformed the benchmark index by as much as 90 percentage points.

The uncertain macroeconomic landscape has caused consumers to rein in their spending and search for value. This has been a boon for off-price retailers in the consumer discretionary sector like The TJX Companies Inc. NYSE: TJX and Ross Stores Inc. NASDAQ: ROST but a detriment to the deep discount retailers like Dollar Tree Inc. NASDAQ: DLTR and Dollar General Co. NYSE: DG.

Dollar Tree's strategic review of Family Dollar has the potential to finally draw a line under what has been an extremely disappointing acquisition. The company is currently navigating difficult macroeconomic conditions and also dealing with internal challenges of its own making. The stock has downside risks aplenty, including management instability and uncertainty regarding the impact of impor...