Dollar Tree on Monday morning acquired Family Dollar Stores in a cash and stock transaction worth about $8.5 billion.
Family Dollar Stores reported that for the third quarter fiscal 2014 ended May 31, net sales increased 3.3% to $2.7 billion.
Family Dollar Stores has named Jeffrey Thomas as SVP, merchandise operations, succeeding Scott Zucker, who left the company at the end of May.
Family Dollar Stores on Thursday reported that for the second quarter of fiscal year 2014 ended March 1, net sales totaled $2.7 billion, representing a decline of 6.1%.
In a move to increase traffic and grow sales, Family Dollar said it added 400 products to its food offerings and reduced prices on 1,000 other items.
Family Dollar Stores on Monday named Brian Hancock to the position of SVP supply chain. Hancock will report to Howard Levine, Family Dollar chairman and CEO.
Family Dollar reported sales of $2.5 billion in first quarter 2014, a 3.2% increase over the same period last year, the dollar store chain said.
Family Dollar Stores on Thursday announced that it has promoted Jason Reiser to the position of EVP - chief merchandising officer. Reiser will report to Howard Levine, chairman and CEO.
InComm, a leading prepaid product and transaction services company, announced that six health plans across Arizona and Texas will be providing over-the-counter benefits through Medagate, InComm's healthcare platform.
Family Dollar Stores last week announced that Jeffrey Macak, EVP supply chain, has resigned from the company for personal reasons, effective Nov. 27.