You may remember the sordid dollar-store love triangle that played out before our eyes earlier this year, as Dollar Tree and Dollar General battled for the affections and assets of Family Dollar. The eventual winner was Dollar Tree, and now the two companies have become one. However, they still needed to satisfy the Federal Trade Commission’s requirements by selling off more than 300 stores. [More]
Dollar Tree pumped up its namesake portfolio earlier this year when it completed the $9.2 billion takeover of rival retailer Family Dollar, converting many of those stores into Dollar Trees. Now the discount chain will be bestowing its name on more than 200 smaller Deals (or Deal$) branded stores. [More]
Dollar stores have a unique challenge: their price point is right there in their name. Chains like Family Dollar and Dollar General have instead turned into what could most accurately be called dollar-ish discount stores, but Dollar Tree still holds itself to the $1 price point, and that apparently means shrink raying its private-label food items to keep prices consistent. [More]
A year after the sordid dollar store love triangle began and nearly seven months after Family Dollar chose Dollar Tree to have and to hold for a mere $9.2 billion, the merger process appears to be almost over with federal regulators officially asking the new couple to ditch 330 stores. [More]
When Family Dollar accepted Dollar Tree’s proposal for a merger in January, the two companies estimated the deal would require the closing of no more than 300 stores. As federal regulators get closer to putting their stamp of approval on the dollar store marriage, they’re adding a few more stores to the chopping block.
Like any recently scorned lover might do, Dollar General has an ambitious plan to better itself and make Family Dollar rue the day it rejected its $9 billion takeover bid in favor of Dollar Tree’s merger advances. [More]
The dollar store war appears to have finally come to an end today, as the shareholders for Family Dollar overwhelmingly voted in favor of a smaller, but safer, takeover bid from Dollar Tree, effectively crushing the heart of aggressive suitor Dollar General. [More]
Hide your ponytails and send those braids home, folks: There just might be someone out there looking to snip off your locks while you shop. Police say they’ve arrested a man in Oregon accused of cutting the hair of one of his fellow Dollar Tree shoppers.
The decision by the Family Dollar to start and then immediately adjourn a shareholder meeting today without voting on two proposed takeover deals may be a sign of a change of heart in the dollar store soap opera. [More]
The fate of the long-running dollar store merger saga likely won’t be decided by the end of the year as once expected, now that Family Dollar has decided to delay an upcoming shareholder vote. [More]
Most people think of a dollar store as a store where every item costs $1. This is not the case for Family Dollar, a discount chain, or and Dollar General, one of the suitors seeking to acquire it. Dollar Tree, the company’s other suitor, is a traditional dollar store. As the chains compete to merge, there’s one important question: who do these stores compete with? [More]
Dollar General Extends Deadline For Family Dollar Offer, Hopes Shareholders Finally Give In To Advances
The drama that is the dollar store wars doesn’t appear to be ending anytime soon, with Dollar General extending the life of its latest deal to buy Family Dollar out from under Dollar Tree. [More]
Discount retailer Dollar Tree has earned itself the not so great distinction of raking in perhaps more workplace-safety violations in one year than any other business has managed to accumulate: In the last 12 months, the federal Occupational Safety and Health Administration has issued 48 violations to Dollar Tree, charging it $866,000 in fines.
Things Are Getting Hostile In The Dollar Wars: Dollar General Takes Family Dollar Bid To Shareholders
You’d think after two rejections and the proverbial cold shoulder Dollar General would pick up its dignity and go back to hawking dollar times. But no, the dollar store giant just won’t give up on its dream of making dollar love with Family Dollar; this time its taking the hostile route and bringing its thick wallet directly to the smaller store’s shareholders. [More]
Who needs to watch soap operas when there’s so much drama going on in the dollar store world? Love triangles, spurned advances and complicated affairs — the plot continues to thicken as Family Dollar has rejected Dollar General’s latest takeover offer of $9.1 billion, in favor of a merger with Dollar Tree. We imagine someone slapped someone else by this point. [More]
Dollar General Ups Bid For Family Dollar, Threatens To Take Quest For Merger Straight To Shareholders
Less than a week after Dollar General officials said they weren’t giving up on a possible relationship with Family Dollar, the No. 1 dollar store made another attempt to woo its target by flashing a huge wad of cash – this time in a much more aggressive manner. [More]