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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 […]
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 […]
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 […]
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 […]
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[...]
Retail | Wholesale | Food | Beverage 2023: RICK DREILING
It’s been a wild ride at the discount retailer this past year, with a shakeup in Dollar Tree‘s C-suite toppling much of its top brass. Mike Witynski, who had held leadership roles at Dollar Tree since 2010 and was CEO of the Fortune 500 discount retailer since 2020, left in January. He played a key […]
Global coworking franchise coming to Chesapeake
Venture X, a global coworking office space franchise, is entering the Hampton Roads market, with its first location coming to Summit Pointe in Chesapeake, Cushman & Wakefield | Thalhimer announced Tuesday. HMP Properties LLC, a Venture X franchisee, has leased 18,543 square feet of space in the 555 Belaire office tower, which is part of […]
March 2023 Top Five
The top five most-read daily news stories on VirginiaBusiness.com from Jan. 14 to Feb. 13 included Gov. Glenn Youngkin’s controversial decision to prevent a Ford electric battery factory from coming to Southern Virginia over worries about the project’s ties to China. The plant instead will be locating in Michigan, about 100 miles west of […]
Dollar Tree CEO resigning; former Dollar General CEO to replace him
Dollar Tree Inc. CEO Mike Witynski will leave the Chesapeake-based Fortune 500 discount retailer and its board effective Jan. 29, with Executive Chairman Rick Dreiling becoming the next CEO, the company announced Tuesday. Witynski, who joined Dollar Tree in 2010, played a key role in the company’s 2015 acquisition of the Family Dollar retail chain. […]
Dollar Tree adds four more execs
Chesapeake-based Fortune 500 discount retailer Dollar Tree Inc. has named four additional executives, the company announced Thursday. These hires are the latest leadership changes after a C-suite shakeup over the summer. Jennifer Bohaty will join as chief compliance officer, Terence Goods will be chief diversity officer, Jennifer Silberman will be chief sustainability officer, and Kristin [&hellip[...]
Dollar Tree names new C-suite execs after shakeup in June
After a C-suite shakeup this summer, Chesapeake-based Fortune 500 discount retailer Dollar Tree Inc. is filling spots on its leadership team. This week, the company named a new chief operating officer and chief development officer. On Monday, Dollar Tree named Michael Creedon Jr. chief operating officer. Creedon had been with Advance Auto Parts since December […]
Creating community vibes
In Virginia Beach, most tourists flock to the Oceanfront. But just a couple blocks west, you’ll find an area that feels a little more artsy and a lot more local. In the 15-block ViBe Creative District, situated between the Virginia Beach Convention Center and the Oceanfront, coffee shops and restaurants operate out of former industrial […]
