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Moreover, there is concern about the optimism surrounding the EBIT potential for Family Dollar in 2021. “While we can attest to the fun shopping experience at the new combination stores, we lack clarity on the return profile of this new store format,” analysts said. Analysts led by Kelly Bania say they’re waiting for more information about the combo shops. Target to spend $4 billion annually over the next several years to build on ‘record breaking’ 2020īMO Capital Markets also rates Dollar Tree stock at market perform. Raymond James rates Dollar Tree stock at market perform. “ith the potential for higher-than-normal unemployment for an extended period (more consumers trading down), the current environment could continue to benefit the Family Dollar turnaround efforts,” analysts said. Raymond James analysts say the combo stores could create a “niche” in the communities where they are located. “We believe that its initiatives can help it do just that.” “As Dollar Tree enters FY’21, we think it will be important for it to prove that its 2020 strength was due to more than just COVID,” wrote UBS analysts in a note. UBS rates Dollar Tree stock a buy with a $130 price target. UBS analysts say Dollar Tree is poised to “eke out” a year of positive same-store sales despite difficult comparisons. “The combination stores are more productive, delivering higher gross margins and are better at leveraging store costs,” said Witynski. “Our goal is to have formats that leverage the best of Dollar Tree and Family Dollar brands to serve customers in all types of geographic markets.” The company says that, compared with Family Dollar stores in small markets, the combo stores are seeing an average same-store sales growth of 20%. The first combo store opened in 2019, followed by two in early 2020. Many of the items are priced at $3 and $5.Īnd the company is adding to the number of combination Dollar Tree/Family Dollar locations around the country.
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DOLLAR TREE NEAR ME PLUS
Currently in 120 stores, Dollar Tree Plus will extend to 500 locations.
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online grocery forecast to exceed $100 billion for the first time in 2021ĭollar Tree, known for its wide variety of items priced at $1, is also expanding the rollout of Dollar Tree Plus in March, increasing the number of stores carrying merchandise at multiple prices. National Retail Federation forecasts 2021 retail sales growth between 6.5% and 8.2% as COVID-19 vaccine continues roll out Reported better-than-expected profit and sales, one day after signing a $3.3 billion deal to be taken private.Īnother crafting retailer, set its IPO terms. The art-and-crafts department builds on the existing offerings, and comes at a time when these items are experiencing increased demand during COVID-19. The rollout of Crafter’s Square was completed in all U.S. The company is also trying a number of other merchandise categories, price points and store formats.