If Dollar Tree and Family Dollar complete a merger, stores should improve markedly, which may raise concern for competitors.» Read More
NEW YORK— Dollar Tree is buying rival discounter Family Dollar, giving it a wider reach in the intensifying fight for deal-seeking customers. On Monday, Dollar Tree CEO Bob Sasser noted that his company and Family Dollar have different business models.
July 28- U.S. discount store chain Dollar Tree Inc offered to buy rival Family Dollar Stores Inc for an enterprise value of about $9.2 billion.
Family Dollar rose the most in the Standard& Poor's 500 index— with a 25 percent gain— after Dollar Tree announced plans to buy the rival discount store for roughly $8.5 billion. Family Dollar's stock surged $15.08 to $75.74. Trulia jumped on news that Zillow, a rival real-estate listing service, was buying it for $3.5 billion.
Analysts said there's much work to be done at Wal-Mart, which has posted negative domestic same-stores sales for the past five quarters.
Even with this week's weakness, Amazon.com stock has been outperforming rival retailers though it will likely face a fairly volatile trading day after it reports.
Slow growth during the first half of the year caused the National Retail Federation to lower its retail sales forecast for 2014.
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July 10- Discount retailer Family Dollar Stores Inc, under pressure from activist investor Carl Icahn to sell itself, said its profit fell by a third as the company cleared inventory ahead of planned store closures and competition intensified.
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July 10- Discount retailer Family Dollar Stores Inc, under pressure from activist investor Carl Icahn to sell itself, said its profit fell by a third as the company cleared inventory ahead of store closures and competition intensified.
Some of the names on the move ahead of the open.
Family Dollar's earnings fell by a third as the company resorted to discounts to clear inventory and competition intensified.
July 10- Discount retailer Family Dollar Stores Inc's quarterly profit fell by a third as the company resorted to discounts to clear inventory and competition intensified.
The Container Store tanks after disappointing earnings. Other retail reports shouldn't be that bad.
U.S. stock index futures indicated a lower open on Tuesday, as second-quarter earnings season gets underway.