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Dollar Tree

Dollar Tree retail store
Mar 26, 2025

Dollar Tree plans to sell Family Dollar to private equity firms for $1B

Chesapeake-based Fortune 500 discount retailer Dollar Tree has reached a deal with Brigade Capital Management, a New York-based global asset management firm, and Macellum Capital Management, an investment firm with headquarters also in New York, to acquire its Family Dollar brand for about $1 billion after a decade of trying to make its acquisition of […]

Dollar Tree retail store
Mar 5, 2025

Former Tyson Foods executive to become Dollar Tree CFO

Chesapeake-based Fortune 500 discount retailer Dollar Tree announced Wednesday that former Tyson Foods executive Stewart Glendinning will become the company’s next chief financial officer, effective March 30. Glendinning joined the company earlier this year in a senior role focused on transformation initiatives, including key areas within the company’s finance organization. He is succe[...]

Dollar Tree retail store
Feb 28, 2025

Dollar Tree adds three new board members

Chesapeake-based Fortune 500 discount retailer Dollar Tree announced Friday that it has appointed three new members to its board of directors. The new board members include William “Bill” W. Douglas III, Timothy “Tim” Johnson and Dollar Tree CEO Michael C. Creedon Jr. “Bill and Tim are both esteemed financial leaders with a strong understanding of […]

Feb 28, 2025

Smooth sailing for Virginia’s publicly traded companies, except Boeing

Overall, Virginia’s largest publicly traded companies saw 2024 as a successful year, reflecting the nation’s economic upswing of about 3% each quarter. Except for Boeing and “its ghastly record,” as George Mason University’s Terry Clower memorably said late last year about the Arlington-based Fortune Global 500 aerospace and defense giant. In January 2024, a Boeing […]

Dec 19, 2024

Dollar Tree makes interim CEO permanent

Dollar Tree’s interim CEO, Michael C. Creedon Jr., is now the Fortune 500 discount retailer‘s permanent CEO. The Chesapeake company announced the board of directors’ appointment on Thursday. Creedon joined Dollar Tree in 2022 as chief operating officer and was appointed interim CEO in November, after former CEO Rick Dreiling stepped down, citing health problems. […]

Dec 5, 2024

Dollar Tree CFO stepping down

Dollar Tree Chief Financial Officer Jeff Davis is leaving the Chesapeake discount retailer after two years, the company announced Wednesday. Davis will stay through the filing of the company’s fiscal 2024 report to the Securities and Exchange Commission, Dollar Tree said. “We thank Jeff for his service and appreciate the contributions he made to the […]

Nov 4, 2024

Dollar Tree CEO Dreiling steps down, citing health

Rick Dreiling stepped down Sunday as CEO and board chairman of Chesapeake-based Dollar Tree, effective immediately, the Fortune 500 discount retailer announced Monday. Michael C. Creedon Jr., Dollar Tree’s chief operating officer since 2022, was named interim CEO. He previously held executive positions at Advance Auto Parts. Edward “Ned” Kelly III, the board’s lead independ[...]

At this Dollar Tree store at 8315 Sudley Road in Manassas, Virginia, state health and safety inspectors found seven violations of rules meant to protect workers and issued almost $400,000 in penalties. It’s one of the largest fines against the company in its home state for a single store inspection in the past decade. Photo by Christopher Tyree/Virginia Center For Investigative Journalism
Jun 14, 2024

Dollar Tree, a Virginia corporate success, faces new pressures over history of violations

Virginia inspectors have levied $1.9 million in fines against Dollar Tree and Family Dollar in the past 10 years for health and safety violations, according to a VCIJ at WHRO analysis. Federal inspectors have forced the stores’ parent company to pay millions more. Now, worker advocates and activist investors have increased calls to improve store […]

Jun 5, 2024

Dollar Tree considers selling or spinning off Family Dollar

Chesapeake-based Fortune 500 discount retailer Dollar Tree is considering selling or spinning off its Family Dollar brand, which it acquired in 2015 for $8.5 billion. “Dollar Tree has been on a multiyear journey to help the company fully achieve its potential,” CEO and Chairman Rick Dreiling said in a statement Wednesday. “Last year, we announced […]

May 29, 2024

Dollar Tree to acquire 99 Cents Only stores

Chesapeake-based Fortune 500 discount retailer Dollar Tree has acquired 170 leases of another discount retailer, 99 Cents Only, the company announced Wednesday. The stores are across Arizona, California, Nevada and Texas. In April, Commerce, California-based 99 Cents Only filed for Chapter 11 bankruptcy protection and initiated a process to sell its assets, including inventory, owned […]

Aug 30, 2023

Living Legends 2023: JOAN P. BROCK

Brock embraces the art of philanthropy, as well as philanthropy through art. A longtime art collector and patron, the Norfolk native donated $34 million to the Chrysler Museum of Art in 2022. Her gift funded endowments for two curator posts and included 40 pieces from her private collection, including works by John Singer Sargent, Winslow […]

Aug 30, 2023

Real Estate 2023: CHRIS WILLIAMS

A 25-year Dollar Tree veteran, Williams serves as senior vice president for the Fortune 500 discount retailer‘s real estate portfolio, a position in which he leads Summit Pointe Realty, the entity developing Summit Pointe. A downtown Chesapeake district being built around Dollar Tree’s 12-story corporate headquarters, Summit Pointe includes three apartment communities, restaurants, off[...]

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