Content about CHESAPEAKE

June 10, 2013
Dollar Tree adds 'president' to COO's title

Dollar Tree on Monday announced the promotion of Gary Philbin, 56, to the position of president and COO. He has served as COO since 2007.

CHESAPEAKE, Va. — Dollar Tree on Monday announced the promotion of Gary Philbin, 56, to the position of president and COO. He has served as COO since 2007.

May 28, 2013
Dollar Tree reports record Q1 results

Dollar Tree reported consolidated net sales for the first quarter, which ended on May 4, of a record $1.87 billion, an 8.3% increase compared with $1.72 billion reported for the quarter ended April 28, 2012, the company stated today.

CHESAPEAKE, Va. — Dollar Tree Inc. reported consolidated net sales for the first quarter, which ended on May 4, of a record $1.87 billion, an 8.3% increase compared with $1.72 billion reported for the quarter ended April 28, 2012, the company stated today. Comparable store sales increased 2.1%, on top of a 5.6% increase for the first quarter 2012.

Earnings per diluted share for the first quarter were $0.59, an 18.0% increase compared to earnings per diluted share of $0.50 reported for the first quarter 2012.

January 2, 2013
Dollar Tree continues growth, expands distribution center

The retailer has grown steadily according to president and CEO Bob Sasser, leading the company to expand its Marietta, Okla. distribution center.

CHESAPEAKE, Va. — "Dollar Tree has grown steadily for 26 years,” said Bob Sasser, president and CEO of Dollar Tree. That steady growth has led Dollar Tree to expand its Marietta, Okla. distribution center by 400,000 sq. ft., the company announced.

The facility in Marietta opened in 2003 and is currently 603,000 sq. ft. This facility supplies products to our stores across eleven states, including all of Oklahoma, Kansas, Colorado, New Mexico and Texas, and portions of Louisiana, Arkansas, Missouri, Nebraska, South Dakota, Wyoming and Montana.

May 29, 2012
Dollar Tree to split common stock 2-to-1

Dollar Tree on Tuesday approved a 2-for-1 stock split in the form of a 100% common stock dividend. The new shares will be distributed June 26 for shareholders of record as of the close of business on June 12.

CHESAPEAKE, Va. — Dollar Tree on Tuesday approved a 2-for-1 stock split in the form of a 100% common stock dividend. The new shares will be distributed June 26 for shareholders of record as of the close of business on June 12.

With the stock split, the number of outstanding shares of the company's common stock will increase from approximately 116 million shares, pre-split, to approximately 232 million shares, post-split.

November 16, 2010
Dollar Tree completes purchase of Dollar Giant assets

Dollar Tree on Wednesday announced that it has completed its purchase of the assets of...

CHESAPEAKE, Va. Dollar Tree on Wednesday announced that it has completed its purchase of the assets of 86 Dollar Giant stores for approximately $52 million in cash, plus the assumption of certain liabilities.

 

This marks Dollar Tree's first expansion of retail operations outside of the United States.

 

 

October 11, 2010
Dollar Tree moves beyond border

The acquisition of 85 Dollar Giant stores in Canada by Chesapeake, Va.-based Dollar Tree gives...