Whitmore Lake hydroponics store offering free gas with any purchase
Grow Green MI, 10505 Plaza Drive in Whitmore Lake, is offering five gallons of free gas with any size purchase on Friday, April 15. The store plans to give five gallons of gas to 180 people, for a total of 900 gallons, starting at 1 p.m. on Friday. As of Thursday afternoon, roughly 65 people had reserved tickets, according to PJ McMillan, the marketing director for Grow Green MI. Grow Green MI offers a variety of gardening and hydroponic supplies, including soil, fertilizer, lights and other plant care items. Grow Green MI is open from 9 a.m. to noon and 1 p.m. to 7 p.m. Monday through Friday.mlive.com
$1 no more: One dollar store raises prices, customers flock to its competitor
Last year Dollar Tree announced it would be increasing its prices beginning in December. However, Dollar General recently began making changes with an increasing amount of $1 items, while Dollar Tree increased its prices from $1 items to $1.25 for all products. “Dollar General is really pushing that [$1] side of the business because I think our customers will need us even more,” said Vasos. Most Dollar General stores are located in low-income rural areas where it sells food and household essential. The report describes the rival, Dollar Tree, as a store that targets “middle-income customers hunting for party goods and other knickknacks.”Vasos said most Dollar General customers are those with fixed incomes and often run out of money at the end of the month.mlive.com
The rat infestation at Family Dollar's distribution center is unsurprising, a retail consultant says, after witnessing the chaotic inventory pile-up at its parent company's stores
FDA inspectors found live rodents, dead rodents in various states of decay, rodent feces, and dead birds at a Family Dollar distribution center.news.yahoo.com
Petition circulators can lie to get you to sign proposals. Michigan lawmakers want to change that.
There is currently no law prohibiting volunteer or paid circulators from lying to or misleading the public. “It is not illegal for petition circulators to lie, or be intentionally vague or subjective, about what an initiative actually does. Another bill introduced by Sen. Adam Hollier, SB 0607, would ban paying petition circulators by the signature. Related: Unlock Michigan petition effort was ‘sleazy,’ but not illegal, AG saysThe investigation found “clear evidence of misrepresentations by petition circulators and questionable training by persons who recruited and supervised paid circulators,” but the actions didn’t rise to criminal behavior, the attorney general’s office said. READ MORE FROM MLIVE:Petition to repeal emergency powers had forged signatures, misleading language, opposition group claimsUnlock Michigan petition signatures deemed validmlive.com
We shopped at Dollar Tree and Dollar General, the two largest dollar store chains in the US, and were shocked by how different the shopping experience is
Dollar General and Dollar Tree have grown at a rapid rate in the US as cost-conscious consumers flock to these stores for deals and discounts.news.yahoo.com
Ann Arbor Dollar Tree closes ‘until further notice’ after manager quits
A sign posted at an Ann Arbor Dollar Tree, 325 N. Maple Road, announces its closure on Jan. 20, 2022.Jordyn Pair | firstname.lastname@example.orgANN ARBOR, MI — An Ann Arbor Dollar Tree has abruptly closed, according to a sign posted on its door Thursday, Jan. 20. I’m sorry,” reads a notice posted to the door, signed “the only manager.”The store is located at 325 N. Maple Road. Dollar Tree cited the rising cost of goods and store operations as the reason for the increase. Dollar Tree did not immediately respond to a request for comment. The Maple Road store is typically open 9 a.m. to 4 p.m. Monday and Wednesday through Saturday, with closures on Sunday and Tuesday, according to a notice on the door.mlive.com
Dollar Tree announces permanent price increase for first time in 35 years
After 35 years of pricing nearly everything at $1 or less, national retail chain Dollar Tree announced Tuesday it will soon permanently increase prices. All of the company’s approximately 8,000 locations will see prices increases at some point early next year, the company said. “(Dollar Tree) believes this is the appropriate time to shift away from the constraints of the $1.00 price point in order to continue offering extreme value to customers,” the company said in a statement. Dollar Tree executives don’t believe customers will have a backlash against the chain as its prices have remained consistent for decades and are still considered affordable. “(Customers) believe that at $1.25, it’s still going to be an undeniable value because of what they’re seeing out in the marketplace,” said Dollar Tree CEO Michael Witynski said on a call with industry analysts.mlive.com
Dollar Tree items won’t all be $1 anymore, some stores to roll out price hikes
Dollar Tree said it will roll out some prices above $1 in selected locations. Other price points up to $5 will be added at its Dollar Tree Plus stores as well. “Our brand promise is that customers get great value for what they spend at Dollar Tree. Another 1,500 stores are planned for fiscal 2022 with at least 5,000 Dollar Tree Plus stores expected by the end of fiscal 2024. Chesapeake, Virginia-based Dollar Tree operates a total of 15,865 across 48 states.mlive.com
Dollar Tree's Family Dollar taps Instacart to make same-day deliveries
Third-party delivery company Instacart said Thursday that it will start making same-day deliveries for Dollar Tree-owned Family Dollar, a discount retailer that's seen growth during the pandemic. The company will deliver online purchases to customers' homes from the dollar store chain's over 6,000 locations in as quick as an hour. Dollar Tree's Family Dollar sells many household staples, such as food and paper goods, that have seen higher demand as people spend more time at home. Same-store sales for Family Dollar increased 6.4% in the third quarter, ended Oct. 31, 2020. Dollar Tree's CEO Mike Witynski called the new partnership with Instacart "another example of our efforts to better meet the evolving needs of our Family Dollar shoppers."cnbc.com
Dollar Tree employees threatened in Royal Oak Charter Township armed robbery
ROYAL OAK CHARTER TOWNSHIP, Mich. – Police are investigating a Dollar Tree store armed robbery that took place on Friday at around 9 p.m. in Royal Oak Charter Township. According to witnesses, a black man wearing a hoodie and face mask was in the store making cash purchases before the robbery. The robber returned after all the customers left. He pulled out a gun and threatened to shoot two employees for money from the register. Police say the robber left the store on foot and no one was injured.
Couple robbed, assaulted outside dollar store on Detroit’s east side
DETROIT – For the second time this week, Detroit police are investigating a robbery and assault at a dollar store on Detroit’s east side. On Monday, an armed man robbed a Dollar Tree and sexually assaulted two female employees. The incident happened at a store on Van Dyke Avenue and 8 Mile Road, according to Detroit police. On Tuesday around 7 p.m., a couple was robbed outside a Dollar General on Van Dyke, just a block away from the Dollar Tree near 8 Mile Road. When the wife walked out of the store, the suspect pointed a gun at her and told her to go back inside the store.
$5K reward offered for information leading to arrest of man accused of sexually assaulting Dollar Tree employees in Detroit
DETROIT – Police said an armed man robbed a Dollar Tree store in Detroit and sexually assaulted two female employees. The incident happened Monday night at a store on Van Dyke Avenue and Eight Mile Road, according to Detroit police. READ: Suspect flees scene after robbing Detroit dollar store, sexually assaulting employeesOn Wednesday, metal barriers covered the front of the store. Dollar Tree released the following suspect:We are distressed by the reported incident and we are cooperating fully with law enforcement’s investigation. Dollar TreeAnyone with information is asked to contact the Detroit Police Department’s sex crimes unit at 313-596-1950 or contact Crime Stoppers to remain anonymous at 800-SPEAK-UP.
Local 4 News at 5 -- Dec. 1, 2020
Here’s what you missed on Local 4 News at 5:Armed man sexually assaults dollar store employees during robberyPolice said an armed man robbed a Detroit dollar store and sexually assaulted two female employees. The incident happened at a Dollar Tree store on Van Dyke Avenue and 8 Mile Road on Monday night, according to Detroit police. The victims are 56 years old and 43 years old.
Suspect flees scene after robbing Detroit dollar store, sexually assaulting employees
DETROIT – Police said an armed man robbed a Detroit dollar store and sexually assaulted two female employees. The incident happened at a Dollar Tree store on Van Dyke Avenue and Eight Mile Road on Monday night, according to Detroit police. “All of these places are robbed on a regular basis.”Police said the suspect forced the two victims to the back office. I felt really, really bad because this just doesn’t make any sense to me,” the resident said. Police said the suspect is a Black man who is believed to be around 5 feet, 5 inches tall.
Two retail stocks to watch ahead of their earnings reports this week
Retail earnings are ramping up this week. Urban Outfitters reports on Monday, a day before Best Buy, Dick's Sporting Goods, Abercrombie and Fitch, Dollar Tree, Nordstrom, Gap and American Eagle Outfitters. All of their stocks are in the green year to date except for Nordstrom, which is down almost 48%. With October retail sales missing expectations and a somewhat unpredictable holiday season around the corner, traders are on the lookout for anything that might indicate how the end-of-year spending story might play out for retailers. Dollar Tree, however, looked to be in a more precarious position, he said.cnbc.com
Stocks making the biggest moves after hours: Tesla, Dollar Tree, Jefferies Financial Group & more
A Tesla Inc. vehicle charges at a charging station in San Mateo, California, U.S., on Tuesday, Sept. 22, 2020. Check out the companies making headlines after the bell:Jefferies Financial Group — Shares of the financial services firm jumped more than 14% following the company's third quarter earnings results. Jefferies earned $1.07 per diluted share, up from 15 cents in the same quarter a year ago. Dollar Tree — The bargain retailer gained more than 1% after the company said it will resume its share repurchase program. Tesla — Shares of the electric vehicle company slid 1%, building on the stock's 10.34% decline during the normal trading session.cnbc.com
Discount retailers to report earnings, and chart analyst is watching two stocks
Discount retailers are rounding out the earnings season. Costco, Dollar General and Dollar Tree are each scheduled to report quarterly results on Thursday three closely watched stocks as the coronavirus pandemic takes a toll on the economy. On Dollar Tree, Johnson said the stock appears to have reversed a monthslong downtrend and is on its way back to its 50-day moving average at about $93. "Switching gears and looking at Dollar General, when I look at this particular stock it's entered what I call an HLTR which is a high-level trading range, and that's more or less just a consolidation pattern," said Johnson. "If we see a topside breakout of that consolidation range around $185, it suggests to me that we're starting a whole other leg higher, and we clearly are buying the shares at that point in time."cnbc.com
Some Michiganders are losing their shit for being told to wear face masks at stores to prevent the spread of the coronavirus
click to enlarge ScreengrabA man was caught on camera wiping his nose on a Dollar Tree store employee after being told he has to wear a face mask. A Roseville woman is accused of assaulting an employee at a Nino Salvaggio market in Saint Clair Shores after being asked to leave for not wearing a face mask. Gretchen Whitmer extended Michigan's coronavirus stay-at-home order and issued the requirement that all individuals wear a mask when in an enclosed space, like grocery stores and pharmacies. She is not currently in custody and is awaiting a probable cause conference on Friday.Last weekend, a Holly man was asked to leave an Oakland County Dollar Tree for not wearing a face mask. The daughter left the store but Teague proceeded to argue with Munerlyn.metrotimes.com
Dollar Tree CEO says supply chains stressed but $1 billion of goods in 'pipeline somewhere'
Dollar Tree CEO Gary Philbin said Wednesday the retailer's supply chains have "been stressed" from a spike in coronavirus-related demand, but he sought to reassure customers that more products are on their way. Employees at Dollar Tree's 24 distribution centers in the country have been working seven days a week to send shipments to stores, Philbin said. Dollar Tree, which also owns Family Dollar, has about 15,000 stores in the U.S. and Canada. Philbin also said Dollar Tree is looking to hire around 25,000 employees across its stores and distribution centers. Shares of Chesapeake, Virginia-based Dollar Tree were slightly higher Wednesday, even as the broader market was down around 3%.cnbc.com
Stocks making the biggest moves midday: Dollar Tree, RH, Amarin, Conagra, Noble Energy & more
Noble Energy Shares of the oil exploration and production company rose 16% on the back of a move higher in crude. Other advancers in the oil patch included Devon Energy and Diamondback Energy, which were each up more than 14%. Conagra Brands Shares of the food company jumped more than 4.5% after Conagra said it expects to exceed its full year sales and profit guidance. Dollar General Shares of Dollar General rose more than 4% after Wells Fargo upgraded the discount retailer to overweight from equal weight. Cheesecake Factory Shares of the chain restaurant company rose 5% Tuesday after the stock was upgraded to buy from hold at Gordon Haskett.cnbc.com
Top analyst Matthew Boss: Dollar stores and discount retailers may emerge stronger after coronavirus
Dollar General and Dollar Tree are among the retailers that could benefit after the COVID-19 pandemic subsides, JPMorgan analyst Matthew Boss said Thursday. "Discounters, dollar stores, off-pricers and strong global brands I actually think could emerge stronger from this, take market share, use their size and scale," Boss said on CNBC's "Halftime Report." On the contrary, Boss said, the coronavirus crisis and its resulting economic shock could represent more bad news for department stores and mall-based specialty stores. In addition to Dollar General and Dollar Tree, Boss said Five Below and Ollie's are well positioned to continue appealing to consumers and have "debt-free balance sheets." Off-price retailers Burlington, TJ Maxx owner TJX and Ross Stores also will remain attractive as consumers seek value, Boss argued.cnbc.com
Stocks making the biggest moves in the premarket: Chevron, Twitter, Amazon, Mondelez & more
IHS Markit (INFO) The financial information provider reported quarterly profit of 66 cents per share, 2 cents a share above estimates. Twitter (TWTR) Twitter withdrew its guidance, as ad sales decline due to the coronavirus outbreak. Amazon.com (AMZN) Amazon suspended more than 3,900 selling accounts on its U.S. platform for violating its fair pricing policies. Mondelez (MDLZ) Mondelez will increase hourly wages by $2 and also pay a $125 weekly bonus for sales representatives. Perrigo (PRGO) Perrigo was upgraded to "overweight" from "neutral" at JPMorgan Chase, which thinks the drug maker will benefit from increased demand for flu treatments.cnbc.com
Black Friday may not save retail, but some e-commerce plays are buys
The SPDR S&P Retail ETF, also known by its ticker, XRT, is up less than 10% for 2019 coming in just above the modest 4% year-to-date gain for energy, the worst-performing sector in the S&P 500. Black Friday also remains a question mark for many physical retailers struggling to attract shoppers to their stores. But investors could still benefit from parts of the retail space via exchange-traded fund strategies, Dave Nadig, managing director of ETF.com, tells CNBC's "ETF Edge." Other ETFs that capitalize on the online shopping boom include ProShares' Online Retail ETF (ONLN), Amplify's Online Retail ETF (IBUY), the Global X E-commerce ETF (EBIZ) and the Emerging Markets Internet & Ecommerce ETF (EMQQ). At the same time, some domestically focused retail stocks are "priced for perfection," said Seymour, who appears regularly on CNBC's "Fast Money."cnbc.com
Cramer Remix: The stocks worth owning once the coast is clear
The easing of economic activity will give a boost to the companies of Dollar Tree and Darden Restaurants, but investors should be patient before investing in their stocks here, CNBC's Jim Cramer said Monday. Darden Restaurants, the parent of Olive Garden, LongHorn Steakhouse and Bahama Breeze among other eateries, will also catch windfall from trade tensions and the slowing economy. "You have to worry that they could be dragged down by the gravitational pull of the entire market," Cramer said. "I could see Darden falling to 17-times earnings, Dollar Tree going to 15-times earnings if the averages keep getting hammered based on these overblown fears of a recession." "So you got to wait until the dust settles before committing any new money," he said.cnbc.com
Dollar stores face growing scrutiny
Yet a wave of cities and towns have passed laws curbing the expansion of Dollar General and Dollar Tree, which bought Family Dollar in 2015. Advocates of tighter controls on dollar stores say the big chains intentionally cluster multiple stores in low-income areas. Dollar General and its dollar store rivals mostly sell snacks, drinks, canned foods and vegetables, household supplies and personal care products at rock-bottom prices. Dollar stores can open quickly in new areas because they are small and have lower operating costs than grocery stores. Family-owned grocery stores operate at razor-thin profit margins and dollar stores can pressure them with lower prices, experts say.