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Shares of companies in the broader retail space, including Dollar Tree, Inc. (NASDAQ: DLTR), are trading lower in sympathy with Bed Bath & Beyond, which fell following worse-than-expected second-quarter sales and third-quarter guidance below estimates.
For years, discount retailers have been a way for customers to know they won’t pay over a certain price. Dating back to 1908 were five-and-dime-cent stores that sold items for less than 10 cents. Fast forward and the trend of dollar stores selling items $1 or less started popping up.
Dollar Tree, Inc. (NASDAQ: DLTR) shares are trading higher after the company increased its buyback program by $1.05 billion, to a total of $2.5 billion.
Dollar Tree, Inc. (NASDAQ:DLTR), today announced that, based on positive customer reaction and the success of its new Combo and Dollar Tree Plus store formats, the Company plans to begin adding new price points