News Formal

Dollar Tree to shutter nearly 1,000 stores after dismal earnings report

  • 📰 KPIXtv
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Ten years after acquiring Family Dollar, discount chain continues to struggle amid growing competition from Aldi, Dollar General and Walmart.

Dollar Tree on Wednesday said it plans to close nearly 1,000 stores over the next several years, after disclosing significant losses in its latest earnings report.The discount store chain lost $1.7 billion in the fourth quarter, down sharply from earnings of $452.2 million a year ago. Revenue climbed to $8.6 billion, from $7.7 billion, but fell slightly short of Wall Street forecasts.

Dollar Tree acquired Family Dollar for more than $8 billion almost a decade ago after a bidding war with rival Dollar General, but it has had difficulty absorbing the chain. 'This dramatic cull is the coup de grâce in the rather botched acquisition of the Family Dollar chain, which has caused Dollar Tree nothing but hassle since it was completed back in 2015,' Neil Saunders, managing director of GlobalData, said in a note.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 443. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Cramer's week ahead: Earnings from Adobe, Dollar Tree and Dollar GeneralCNBC’s Jim Cramer on Friday guided investors through next week’s most important happenings on Wall Street.
출처: NBCNewYork - 🏆 270. / 63 더 많은 것을 읽으십시오 »