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.
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)
Press release announcing the opening of Dollar Tree's 25th and 26th distribution centers
“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
Dollar Tree (DLTR) stock vs Dollar General (DG) stock over the last 5 years
- 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).