Target’s supply-chain chief turned to stores to answer the online fulfillment challenge: on.wsj.com/3VvaAke

@TonyWilliams27

3 сағат бұрын

Another issue is most dollar stores are in the hoods or (lower classes) of town!

1000 stores closing? I would like to give my thoughts and prayers with condolences to the 5 workers who are about to lose their jobs.

@n3wt

8 күн бұрын

We voted for the depression recession and wars and stores shutting down 😢

@frednitney5831

8 күн бұрын

​@@n3wtWho is this "we" you are writing about? Do you have a mouse in your pocket? Regarding wars, I know I didn't vote for Putin nor will I be voting for anyone who supports him.

@sptownsend999

6 күн бұрын

@@n3wt correlation does not imply causation.

@kellymoses8566

5 күн бұрын

@@n3wt Trump told over 30,000 lies as President.

@frankgrabasse4642

3 күн бұрын

Want to talk about voting for war? George Bush 2 got that going big time.

Family Dollar is charging more than Walmart for inferior products

@katrinaumana2127

Күн бұрын

Yes only roll up there if it's an emergency. The snacks at Dollar Tree can't be beat it's where buy our snacks if we're going to the movies 🍿

Retail "Shrink" by definition is loss/decrease of inventory from causes other than customer sales, not just loss of inventory due to customer theft.Theft is a type of shrink just like: employee theft, bookkeeping errors, vendor fraud, etc. You can't under staff and cut corners and expect to not see an increase in all types of shrink.

My girlfriend used to work for them and she would come home every day with stories of people walking in and just walking out with merchandise without paying she said the store policy was not to bother them not to say anything and every single day people just walked into those family dollars And stole. that’s what they’re not saying you can’t make a profit if the items you’re buying are being stolen instead of paid for.

@lovedfriend2020

6 күн бұрын

I agree they just have to raise prices to pay the manufacturer whose items were shoplifted. :( I also noted people doing it before all this happened and the item was only $1. Now that is sad!

@trentpettit6336

4 күн бұрын

Which city was this?

@shaniya3847

4 күн бұрын

I was shopping and seen someone tell the cashier he’d be right back he forgot his wallet and it turns out he was stealing merchandise and never came back. They also have too many things that are not $1

@leoym1803

3 күн бұрын

What color were the "patrons"?

@j.j.123

2 күн бұрын

Basketball Americans ​@@leoym1803

Why? Dollar Tree buys Family Dollar, weakens the brand while strengthening their own and now that Dollar Tree is in a better position it needs to "lighten the load" by getting rid of the Family Dollar dead weight.

@jmd1743

9 күн бұрын

Where's the anti-trust courts?

@DeadAir21

8 күн бұрын

Dollar Tree tried running Family Dollar like Dollar Tree. Problem is that most of these family dollar stores are in bad locations where they may have good locations when they opened but as population shifts across the country Family Dollar were left in areas with high crime and high theft. Dollar Tree was in the suburbs so there was little to no population shift and Dollar General went where other retailers wouldn’t go. No both Dollar General and Dollar Tree are both moving closer to city centers and there just isn’t a need for Family Dollar anymore.

@BorisForOffice

8 күн бұрын

There's no advantage in buying a brand, weakening it, and then selling it at a lower price. If you think a business would do this intentionally, you really need to think through this more

@sugahoney89

8 күн бұрын

@@BorisForOffice sometimes it is better to buy it and weaken it than deal with the losses when they are competition. Businesses are crazy just like humans

@BorisForOffice

7 күн бұрын

​@@sugahoney89 They target different market segments and are not in direct competition with each other. Second of all, even if they bought it to reduce competition, once they have it, it doesn't make any sense to weaken it after because they're just weakening a part of their own business. There are cases with private equity where they sell the assets immediately after buying to make a quick buck. But that wasn't the case this time - they held on because they wanted to strengthen the store and ended up failing at it.

I think the real reason is that they're called a dollar store and nothing is only a dollar anymore. It may be a reach but I'm sure most people subconsciously don't want to spend more than a dollar when it says a dollar.

@agy234

8 күн бұрын

Family dollar has never been a $1 store

@DARTHDANSAN

8 күн бұрын

Yup 👍

@Texaca

6 сағат бұрын

... and DollarTree needs to change their name to the Dollar.25 Tree store 🤔 ...the Dollar name is deceptive business practices.

Dollar Tree is one of my favorite places in the world, but I despise Dollar General and Family Dollar because their prices are too high and quality too low..

@trentpettit6336

4 күн бұрын

Do you ever shop at BIG LOTS stores?

Criminals should be prosecuted - including private equity/venture capitalists who raise prices and reduce quality of all goods and services _(healthcare, sports, gyms, groceries, assisted care facilities, hospitals, travel, etc. etc. etc.)._

My impression of Family Dollar is that it has everything that makes Dollar General awful but with the added "bonus" of generally being located closer to (frankly nicer) competitors like Ollies, Big Lot and Walmart.

@trentpettit6336

4 күн бұрын

What makes Dollar General awful?

They opened a new freestanding family dollar 5 months ago in my town, and now it's closed. Lol good planning

I had the displeasure of working with the exited dollar store CFO at Microsoft. She was a horror show.

Quite simple really, they priced themselves out of business thinking they can price gouge the customers raising prices every week, people are not going to pay rip off prices.

@lovedfriend2020

6 күн бұрын

Yep, it's cheap, only worth $1, and I am sure 10 cents to make from china.

Lol, what went wrong? That Dollar Stores have become scams where the unit price is most likely double than buying the same brand of products in Walmart or elsewhere.

I read Aldi is moving into a couple closed 99c Only stores in AZ. I hope they do that all over California. I’d way rather have an Aldi than a 99c store nearby.

@Patrick-yh5yd

4 күн бұрын

I wish I could buy stock in Aldi,s.

Dollar stores are needed in small towns that don't have populations that could support a Walmart, focus on essentials: food, hygiene, medical, clothes, household essentials

@ImperatorSupreme

10 сағат бұрын

Most small towns would be better off with a local store rather than an understaffed, overpriced “dollar store” the siphons money out of an already small community.

I lost it when that guy tried to give the rat a chip 💀 💀

The CEO of Dollar Tree says the investments into Family Dollar have not paid returns. The reporter says Family Dollar still did not invest much in store operations and quality as much as other competitors. Looks like they had did not manage their stores, inventory and product assortment to maximize sales and lower costs. If anything Dollar Tree’s acquisition gave them inroads into metro cities way back in 2015. With complimentary product assortments between the 2 brands and different markets Suburban (Tree) and urban (Family Dollar), there is no reason why this should have failed unlike Walmart express that failed in cities because of having more of the same essential products and cannibalizing sales from the bigger formats just outside metros. Looks like a classic case of mismanagement, poor quality of store, inventory and product assortment and not being able to win customers over. Even the high income customers in cities today are buying cheaper alternatives more from Walmart, DG etc. so it’s just about catering to their needs as they change.

oh noooo where will i ever find fake flowers and costume jewelry?? 😂

They should have made it into something like Aldi or WinCo, some places have few stores that sell food

every family dollar near me is filthy and unstocked.

Never been to one. Kinda figured they were all the same outfit anyway

ENORMOUS KUDOS for including John Oliver in ur report, WSJ! LOVE this! Let's not forget that Family Dollar had a game show in 2016, which really wasn't developed well. Much like their store operation model...

One of Family Dollar's issues is they can't keep the shelves stocked in my area, poor employee performance as well. They need better store managers and a night shift crew to keep the store stocked

And I'll still say the Green Dollar, Yellow Dollar, or Red Dollar store.

@trentpettit6336

4 күн бұрын

Clever! Have you noticed there are lots of people (all over America, presumably) who shop at Dollar Tree often, but somehow don't realize the name actually is Dollar TREE and not "The Dollar Store" despite there being plenty of DOLLAR TREE signage all over these stores?

Dollar stores are going to have a lot of competition soon becasue all stores in the USA that you shop in will have a low price section carrying ultra cheap stuff soon. Why? because the customer demands it. With the rise of websites like TEMU that sell direct from China the manufacturers in China are producing those goods in large quantity but with large US retailers they can offer an even better long term contract and so they will adapt to the new customer and manufacturer leading to a lot of the stuff showing up in your local grocery store and whatever stores you shop in. It might take a few months but it's coming. This could be a problem for Dollar stores but great for the customer as they will get to buy cheap goods right while doing shopping and reduce their cost of living which is always a good thing.

I don’t think I’ve ever been into a Family Dollar and purchased one thing that was actually a dollar. They sell low quality, off brand products at a higher cost than Walmart.

Nice segment. But, if anyone has shopped at Dollar Tree, Family Dollar, and Dollar General, they could easily figure out which one of the three was about to close. In addition to the disorder and dingy ambiance at Family Dollar, the merchandise selection is poor and poor quality (even for discount merchandise), and the prices are not as good as Walmart. Dollar Tree, sadly, could also be dragged down by this catastrophe. Their stores have been struggling, too, in recent months. With inflation, they cannot keep their price low, while keeping their traditional selection of merchandise.

@ryantetreault3447

8 күн бұрын

havent been to a dollar tree since it went to 1.25

@tinaperez7393

7 күн бұрын

​​@@ryantetreault3447 I wish I had done that too. Definitely noticed it. Definitely knew they were using the pandemic as an excuse to raise prices like every other gouging corporation and those others making record profits because of it. The second I saw that literal 25% price increase / 25% inflation, I thought okay, not cool, and knew that they were betting that because things were "just a dollar" that people would still think it's cheap at "just $1.25." And they were right. They could and are getting away with it like everyone else. I would've liked to have voted with my feet and $ too. But the Dollar Trees in our area were and still are too valuable to me and looks like others too. Their greetings cards (fortunately still many for 2 for .50), gift wrap, seasonal decor and items, office supply, crafts and snacks, some toiletries, home goods, etc, are still an amazing selection and still good price. And the selections and volume are even a little different at different stores. The seasonal items like decor, outdoor stuff, etc is really popular, a big selection heavily stocked and sells out in just a few weeks. So word is out that it's the place to go for those items. I know I use them a lot for that. All my Christmas supplies and most decor even & year round greeting cards & gift wrap supplies come from there. The oversized Xmas gift bags were so pretty last year I altered them a bit with thin long strips of craft wood for frames and used them as good looking wall art. 👍 Best place to shop for those things actually. Fortunately or unfortunately. 🤔😩😒

So they thought opening up 50,000 stores will be a sustainable business model?!? This is what happens when you keep rates at ZERO for 15 years. 😂😂

Looks to me they have too many stores in the same areas

I never shop at any of these stores. I always wonder how they stay open. Everything they sell is available in nicer places with lower prices.

*What went wrong?* Is that a joke?! For starts, let’s look into that ugly mess of merchandise all over their stores . It’s like their trademark to be messy.

Good explanation. When I heard of the buyout I thought Dollar Tree was crazy. I used to live in the city (Chicago) so all I saw was risk for DT. Hopefully, everything works out.

It's almost like selling merchandise for $1 leaves little room to actually properly run a business. Dollar Tree in my town has looked exactly like the disheveled Family Dollar for the past 25 years. I would love to see these disgraceful rackets flop and get replaced by respectable and legitimate organizations.

@FullLengthInterstates

4 күн бұрын

In a different world the high unit margins could be very profitable, while providing a valuable service to smaller households who prefer variety over bulk. But dollar stores refuse to install self checkout due to fear of shrink... then you have to pay a cashier to scan every $1 item.

@bvanderford

2 күн бұрын

I came to enjoy rummaging around the disheveled aisles. The shopping experience was surreal. Who would run a place looking like that?

Urban locations means shoplifting in the Hood

I used to frequent Dollar Tree until about a year after covid. Now i only go there for cold medicine a few times a year. I find that on a per ounce basis many places are cheaper than the $1.25 Tree, and they don't have the only staff member in the building filling balloons for 20 minutes why 17 customers wait in line.

I have noticed a huge change in Dollar Tree's here in El Cajon. We have three of them and there was one run really well being clean and organized while the other two were just horrible. On a recent outing we went to the other two and found them to be a lot better than before.

As someone who worked for DT, it's almost comical to see them place the state of FD solely on operations before purchase. That warehouse that was highlighted is in the same state of chaos and infestation that my store was. Corporate knew this, and only organizes the cleanup after they were tipped off that Fox was coming to highly their position in the neighborhood (which is a food desert.) They completely ignored complaints from staffer, the community and the alderman . The store was back to its original state after a month. They do not care because they make profit regardless.

Analysis quite nice.

@luckyloonie1359

9 күн бұрын

#Dollarama👍🏻 stock has never been higher and will continue to climb and even GOD👻 can't drop it down to $5😍 per share💰... I guarantee the it will continue upwards... TSX: DOL🌎💘💰

I go in Family Dollar strapped, anything can happen in there...

Love the John Oliver clip 😁

Why does this WSJ page always receive such a significant amount of dislikes? No matter what video there's always an ugly amount of dislikes I'm so confused as to why?

I'm guessing that sums it up 🤔

Family dollar is an ok store,just don't expect many things for a dollar.i have walked out of a few of them because after five minutes no one is at the register even after chasing the clerk down.dollar stores aren't like they used to be, everything was a dollar.now about half of the store is dollar stuff.its at least a dollar 25 and everything has gotten smaller.i can see why they have problems though,I never thought people would bother to steal from a dollar store but kids regularly walk out with lots and lots of stuff.

Dollar tree sucks in the SLC area never is stocked or keeping staffed

In saint Matthews sc family dollar store is way nicer than the dollar general store. So I doubt they will close that store

closures are due to reduction of families because they are expensive to function and increase of inviduals which are cheaper. so when there are no familiar then no family dollar

Dollar General is not a real dollar store, it’s worse than 5 below, even after they turned into 5 above

Target is not a discount store

The brazen thefts are horrible. People steall carts full of goods without a care in the world. But if someone stole one dollar from them, they would definitely have a problem with that.

Seems like someone didn’t do their homework at dollar tree before buying.

It only took them 25yrs to catch on. There should be a nation wide phone ban in all schools and college classrooms.

Frankly considering the theft that goes on, I'd probably just open a smaller store section in the front with cardboard barcodes and cheap items that can be stolen no issue anways (like erasers), and then just keep a smaller team in the back to hand your stuff to you, keep an armed guard right at the door too and cashuer behind plexiglass. 24/7 store and no robberies 😎, well successful ones at least 😂

Crazy how the community that’s impacted most by these closures is unable to keep its population in check. Blame the culture

Time 516 It looks like there was a shooting here.

Good riddance. They put local grocery stores out of business.

The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.

Well any answer as to why the 9 cents store all have closed or is this a very different cause ? 🤔🤔

@GolemDude

6 күн бұрын

My dad worked at a place called 5 and dimes, imagine everything being a dime, and the dime being made of Silver

I stopped funding my local FD because of a ebt skimming scam going on there

Well for one they dont take care of there employees when they get hurt on the job instead they just terminated the employees that get hurt on job

They over expanded. I've seen dozens of locations shuttered.

They showed a video of an armed robbery while talking about shrink

I heard family dollar and cheap like 10 times but it's safe to assume you've never sh popped at family dollar or dollar general cause they are not cheap I've price shopped I live next to a family dollar and dollar general and it's cheaper to drive all the way downtown to Walmart

AK AG maybe a Walmart mole?

I'm sorry but their stores are always a mess and chaotic. Usually 1 person working register , stocking shelves at once. I don't care how cheap , or not , a store is....people EXPECT the basics , like a clean store, friendly workers , safe product, etc. Family Dollar is terrible at the basics.

The problem is all the items are Chinese made junk that breaks. Just not worth it

Well well well....

“Urban” meaning people choose not to pay

@paillette2010

9 күн бұрын

Well, gosh, look who is the raging classist (amongst other things, I am sure) bigot.

I want to take a moment to recognize the former Arkansas AG Leslie Ruthledge, for her horrible choice of putting 2 dead butterflies on her eye lids, trying to fool anyone into thinking they were real eyelids. Not even a 🤡 would do that....😂😅😂

They got greedy and too expensive for what was supposed to be a discount store

No great loss. Ghetto and depressing.

The reason it’s not a Dollar anymore

It's all about strategic locations, isn't it? 📍

We appreciate your dedication and hard work. Keep working hard.

They're a huge ripoff screwing the poor

It's all the same company and it has been I am a retail rep for many stores. It was sister companies but now consider it a merger of many sisters to one company. It makes my job easier because they each have different protocols but now since this merger/ buy out. They trying to pull wool over ur eyes. This vid is nonsense. Sure some of it is legit like the rats but, it's all the same product. Infact you can get the same exact products at each location. Only different is that you pay more. This is also a great way to instead of having 20 dollar stores in one city of 3 different sister companies now they can can merge and condense to one brand name it looks not as bad from a consumer stand point a they invade our towns

Cute

Family Dollar was doing good until dollar tree bought them...

It's distracting how you completely ignore the socio part of socioeconomic factors. Money is one of, if not the best ways to explain why something is happening, but it isn't universally effective. I know that's the whole point, but an explanation from a limited perspective is unhelpful. It seems pretty clear that Dollar Tree buying Family Dollar was a horrible decision and Dollar Tree didn't do their due diligence before acquisition. Politics were also ignored. Poverty is viewed as a moral issue in this country, and that has a lot more to do with SNAP benefits being cut than inflation. I find it hard to believe that inflation would hurt dollar stores in general. Their entire business model is that (almost) everything costs a dollar and it's focused way more on essentials than whatever "luxury" you can get for a dollar. None of these customers have that much to spend on excess to begin with or they wouldn't be shopping there. In fact, I think inflation would be more likely to increase sales and revenue as more people become unable to afford shopping at regular stores.

They are not low priced 😂

How much do these Attorney Generals make man, they always look like they're wearing clothes worth thousands of dollars.

Inflation is what went wrong! 😂

Forgot to add a certain type runnin out dē dō on theys LOGO

I'm sorry, but the rodents and rats are not the problem. Family Dollar just sucks. Everything is always expensive. There all the time I can get something at Walmart. Cheaper family dollars is always been terrible If anything the rats make it better. Because the rats are cute, I would be fine if Family Dollar closed As well as dollar tree

I shop at Dollar Tree

rats and gangs

Dominos needs to add a oven baked burger patty Pizza Chicken Burger option Only place youd need to go

This piece was lazy. Just to be totally clear. EVERY retailer has rodent, pest and insect problems. The same is true for EVERY restaurant. If you don't think so, your brain works funny.

I don’t know because the iPhone 15 Pro is a little bit better than the iPhone OG

@thuythanhnguyen8888

9 күн бұрын

I don’t own one so don’t even know what you’re talking about.

they shoulda rebranded the name to Dollah Cvnt instead.~