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Dollar Tree Archive

Dollar Tree CEO Sasser made $6.1M in 2011

By Michael Felberbaum RICHMOND Discount retailer Dollar Tree Inc. gave its CEO, Bob Sasser, a pay package valued at $6.1 million for 2011, about 3 percent more than the previous year, according to an Associated Press analysis of a regulatory filing.

Dollar Tree faces OSHA fine for N.J. site

The U.S. Department of Occupational Safety and Health Administration on Thursday proposed fining Chesapeake-based Dollar Tree Inc. $121,000 for repeated safety violations at a Newark, N.J., store. The agency cited Dollar Tree for exit routes that were obstructed by boxes and carts and unsafe storage of materials.

Dollar Tree's bucks add up to $488.3M profit in 2011

CHESAPEAKE Dollar Tree Inc. surpassed analysts' expectations for its 2011 fourth quarter, announcing Wednesday a 15.6 percent increase in profit as a surge of shoppers boosted sales.

Dollar Tree's value-conscious shoppers help boost profit 12%

CHESAPEAKE
Despite a hurricane in the Southeast and a snowstorm in the Northeast, consumers continued to shop at Dollar Tree Inc.'s stores, helping to boost its profit by 12 percent in the third quarter.
Earnings for the quarter, ended Oct. 29, rose to $104.5 million, or 87 cents per share, from $93.2 million, or 73 cents per share, for the same period in 2010.

Dollar Tree recalls glass votive candleholders

Dollar Tree Inc. has recalled about 117,000 glass votive candleholders because they can shatter while in use, according to the U.S. Consumer Product Safety Commission.

The candleholders are frosted or clear glass, 2.5 inches tall, with French vanilla-scented candles inside. They are model 976127, with date code 1010 printed on the bottom.

Dollar Tree's first-quarter earnings up 58 percent

CHESAPEAKE
 
Dollar Tree Inc. announced Thursday that profits soared 58.8 percent and sales grew 14.3 percent in this year's first quarter, as consumers beleaguered by high gasoline prices shopped more at the nation's largest all-for-$1 chain.
 

Dollar Tree CEO receives 26 percent bump in pay

CHESAPEAKE
Dollar Tree Inc. paid its CEO $5.96 million in salary, bonus, stock awards and other compensation in 2010 - a 26 percent increase from the previous year, according to the company's filings with the U.S. Securities and Exchange Commission.

Dollar Tree founder, wife donate $10M to college

Macon F. Brock Jr., Dollar Tree Inc.'s chairman and co-founder, and his wife, Joan, have donated $10 million to Randolph-Macon College in Ashland for its capital campaign, the college announced Friday.
Brock, who graduated from the college in 1964, chairs the campaign and has served on its board of trustees for 18 years.

Dollar Tree's profit climbs 20.4 percent

CHESAPEAKE
 
Despite winter storms that tempered traffic at Dollar Tree Inc. stores in the Northeast and Midwest during the holiday season, the nation's largest all-for-$1 retailer announced Wednesday that profit jumped 20.4 percent in the fourth quarter.
 

Dollar Tree to expand Ga. operation

SAVANNAH, Ga.  Dollar Tree plans to expand its distribution center in Savannah, a move the discount retailer says will create 68 jobs.

Gov. Nathan Deal announced Thursday that Dollar Tree will invest $18 million in its south Georgia expansion.