How is Dollar Tree adjusting to new trade war tariffs? MadMoneyOnCNBC's JimCramer sits down with the company’s CEO to discuss.
Philbin said it's important for the discount chain to keep costs down for the customers it serves.
Dollar Tree is making steady progress in renovating Family Dollar-branded stores and the discount store is seeing the results pan out for shareholders, Philbin said. "This is an important quarter for us," said Philbin, who sat down with the host at a revamped location in New Jersey. In the past three quarters, same-store sales at Family Dollar have improved from 1.4% to 1.9% to 2.4%, he explained.
As part of the store changes, nearly 300 Family Dollar shops were closed and more than 100 locations were rebranded as Dollar Tree. Merchandise at Family Dollar sells for between $1 and about $10, as opposed to Dollar Tree, which has a discount variety of products that sell at the fixed price point of $1.
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