Same-store sales for the Family Dollar banner edged up 1.4 percent. Same-store sales for the Dollar Tree banner rose 3.2 percent on a constant-currency basis, or 3.1 percent when adjusted to include the impact of Canadian currency fluctuations. On a constant-currency basis, enterprise same-store sales grew 2.4 percent, or 2.3 percent when adjusted to include the impact of Canadian currency fluctuations. Excluding $406.6 million of sales from the extra week in the prior year’s quarter, consolidated net sales rose 4.2 percent. Consolidated net sales for the 13-week fourth quarter of 2018 were $6.21 billion, compared with $6.36 billion in year-ago 14-week period. The company also released its fourth-quarter and full-year sales. “The actions taken in 2019 under the Store Optimization Program alone are expected to provide a comparable-store sales lift of up to 1.5 percent once they have been implemented by the end of fiscal 2019,” Dollar Tree said. The retailer added that it planned to renovate a minimum of 1,000 Family Dollar stores in 2019 and ramp up the renovation schedule in the years to come. H2 performs well in a variety of locations, and especially in locations where Family Dollar has in the past been the most challenged.” H2 has produced increased traffic and provided an average comparable-store sales lift in excess of 10 percent over control stores.
The company also said that it would convert about 200 Family Dollar stores to the Dollar Tree banner this year, in addition to placing adult beverages in about 1,000 stores and installing freezers and coolers in around 400 stores.įurther, the company has introduced an updated model for new and renovated Family Dollar store, known internally as “H2.” According to Dollar Tree, the prototype “has significantly improved merchandise offerings, including Dollar Tree $1 merchandise, throughout the store. In its fourth quarter of 2018, Dollar Tree closed 84 underperforming Family Dollar stores – 37 more than originally planned for the year. The Chesapeake, Va.-based retailer explained that it would need to shutter that many locations, rather than its “normal” number of about 75, if it was unable “ to obtain material rent concessions from landlords” of the properties. has revealed that for its fiscal year 2019, it could close as many as 390 underperforming Family Dollar stores. Choose from a variety of brands like Sonia Kashuk, Ruby+Cash, Maybelline and more.In a bid to optimize its store base, Dollar Tree Inc. If you want a makeup bag that not only organizes your makeup but makes a statement, we have cosmetic bags with quirky prints, bright colors, and glossy finishes. You can even look for bags with multiple pockets, and adjustable dividers that provide ultimate organisation. Find a bag that is super lightweight and has high-quality zippers for added security for your valuable makeup. For make up artists on the go, browse through train cases to fit all your makeup essentials in a compact space.
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