Dollar Tree Announces the Opening of Its 25th and 26th U.S. Distribution Centers
Category: Dollar Tree (DLTR)
Date: 6 October 2020 Stock price of Dollar Tree: $89.98 We take a look at the announcement by Dollar Tree in which it states it celebrated the opening of its 25th and 26th distribution centers in the USA. Dollar Tree operates more than 15 200 stores across 48 US states and 5 Canadian provinces.
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Dollar Tree, Inc. is a leading operator of discount variety stores that has served North America for more than thirty years. The Company operates more than 15,200 stores across the 48 contiguous states and five Canadian provinces, supported by a coast-to-coast logistics network and more than 193,000 associates. "
More About Dollar Tree (DLTR)
Dollar Tree, Inc. is a leading operator of discount variety stores that has served North America for more than thirty years. The Company operates more than 15,200 stores across the 48 contiguous states and five Canadian provinces, supported by a coast-to-coast logistics network and more than 193,000 associates. Dollar Tree is known for its “thrill-of-the-hunt” shopping experience where customers discover new treasures every week all priced at $1. Family Dollar, known as “the neighborhood discount store,” provides customers with a quality, high-value assortment of basic necessities and seasonal merchandise all generally priced at $10 or less. In 2019, the Company consolidated its store support centers into a newly-completed office tower in Chesapeake, Virginia. Dollar Tree continues to grow and is reaching new customers on-line at www.DollarTree.com and through its Family Dollar mobile app
Press release announcing the opening of Dollar Tree's 25th and 26th distribution centers
CHESAPEAKE, Va.--(BUSINESS WIRE)--Sep. 3, 2020-- Dollar Tree, Inc. (NASDAQ: DLTR), celebrated the grand opening of its 25th U.S.distribution center in Rosenberg, Texas yesterday with a small ceremony. The Company also recently started shipping product from its 26th U.S. facility in Ocala, Florida.
“Our two newest state-of-the-art distribution centers will enhance our supply chain efficiencies by providing stores in the southeastern and southwestern states with essential products, at great values, for our customers,” stated Michael Lech, Chief Logistics Officer. “Yesterday, we celebrated the creation of more than 400 jobs in the Rosenberg region and our team is appreciative of the partnerships and support provided by the City of Rosenberg, Rosenberg Development Corporation, Fort Bend Economic Development Council, and Texas Workforce Solutions.”
The plans for the approximate $130 million investment in the Texas distribution center were announced in February 2019. The 1.2 million square foot facility will initially service Dollar Tree stores across a three state region.To continue supporting its stores, the Company recently began shipping product from its Ocala, Florida distribution center. The first phase of the 1.2 million square foot facility opened last month, with the second phase expected to be completed in 2022.
“Dollar Tree continues to grow and our Ocala facility will play an integral role in servicing the needs of stores in Florida and the surrounding states,” added Michael Lech.
Last year, Dollar Tree’s distribution network shipped and received more than 1.8 billion cases of merchandise through their facilities.
“Our two newest state-of-the-art distribution centers will enhance our supply chain efficiencies by providing stores in the southeastern and southwestern states with essential products, at great values, for our customers,” stated Michael Lech, Chief Logistics Officer. “Yesterday, we celebrated the creation of more than 400 jobs in the Rosenberg region and our team is appreciative of the partnerships and support provided by the City of Rosenberg, Rosenberg Development Corporation, Fort Bend Economic Development Council, and Texas Workforce Solutions.”
The plans for the approximate $130 million investment in the Texas distribution center were announced in February 2019. The 1.2 million square foot facility will initially service Dollar Tree stores across a three state region.To continue supporting its stores, the Company recently began shipping product from its Ocala, Florida distribution center. The first phase of the 1.2 million square foot facility opened last month, with the second phase expected to be completed in 2022.
“Dollar Tree continues to grow and our Ocala facility will play an integral role in servicing the needs of stores in Florida and the surrounding states,” added Michael Lech.
Last year, Dollar Tree’s distribution network shipped and received more than 1.8 billion cases of merchandise through their facilities.
Dollar Tree (DLTR) stock price history over the last 5 years
The image below shows the stock price history of Dollar Tree (DLTR) over the last 5 years. And its been a pretty volatile ride for DLTR stockholders with the stock having reached numerous highs and to see it fall from these highs on a regular basis. However over the last 5 years the stock of Dollar Tree still managed to provide a positive return to investors of 35.9%
Dollar Tree (DLTR) stock vs Dollar General (DG) stock over the last 5 years
The image below shows the stock price performance of Dollar Tree (DLTR) and Dollar General (DG) over the last 5 years. Both are active in the general consumer retail space in the United States. The summary below shows the stock price returns of these two stocks over the last 5 years
From the above it is clear that the stock price performance of Dollar General has easily outperformed that of Dollar Tree (DLTR).
- Dollar General (DG): 210.14%
- Dollar Tree (DLTR): 35.88%
From the above it is clear that the stock price performance of Dollar General has easily outperformed that of Dollar Tree (DLTR).
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