Fair 63°
Tag:

Dollar Tree

Business
Dollar Tree Completes Family Dollar Sale For $1B Amid Discount Chain's Struggles Dollar Tree Completes Family Dollar Sale For $1B Amid Discount Chain's Struggles
Dollar Tree Completes Family Dollar Sale For $1B Amid Discount Chain's Struggles Dollar Tree has finalized the sale of its struggling Family Dollar chain to two investment firms for a little more than $1 billion. Brigade Capital Management and Macellum Capital Management have completed their $1.007 billion cash purchase of Chesapeake, Virginia-based Family Dollar. The deal was first revealed in March and Dollar Tree announced the sale's completion in a news release on Tuesday, July 8. Dollar Tree said it expects to receive about $800 million after taxes and other adjustments, including $665 million paid at closing. "The completion of this transaction marks a defining m…

SHARE

by Chris Spiker
Business
Stocks Plunge, US Dollar Drops As Economists Warn Trump's Tariffs Are 'Worst Case Scenario' Stocks Plunge, US Dollar Drops As Economists Warn Trump's Tariffs Are 'Worst Case Scenario'
Stocks Plunge, US Dollar Drops As Economists Warn Trump's Tariffs Are 'Worst Case Scenario' Stocks plummeted on Wall Street and a wave of panic selling swept through global markets reacting to President Donald Trump's widespread "liberation day" tariffs. The tariff announcement sent stocks into their worst tailspin of 2025 so far and dragged the US dollar to a six-month low on Thursday, April 3. Trump unveiled the sweeping 10% tariffs on all imports and far steeper rates for key trade partners on Wednesday, April 2. By 11 a.m., the Dow Jones Industrial Average had plunged about 1,590 points, down 3.77%. The S&P 500 fell 4.35% – or about 247 points – while the Nasdaq …

SHARE

by Chris Spiker
Business
Dollar Tree Sells Family Dollar For $1B As Tariffs, Online Rivals Pressure Discount Chains Dollar Tree Sells Family Dollar For $1B As Tariffs, Online Rivals Pressure Discount Chains
Dollar Tree Sells Family Dollar For $1B As Tariffs, Online Rivals Pressure Discount Chains Family Dollar is being sold for $1 billion — about one-ninth of what Dollar Tree paid for it a decade ago — as discount chains nationwide face fierce online competition and President Donald Trump's tariff threats. Dollar Tree will offload Family Dollar to Brigade Capital Management and Macellum Capital Management, the company said in a news release on Wednesday, Mar. 26. The deal follows a full review of strategic alternatives and is expected to close later this spring. Family Dollar will stay headquartered in Chesapeake, Virginia. The chain's current president Jason Nordin w…

SHARE

by Chris Spiker
News
String Of LI Arsons Land Ms. Burnside In Prison For 18 Years String Of LI Arsons Land Ms. Burnside In Prison For 18 Years
String Of LI Arsons Land Ms. Burnside In Prison For 18 Years A woman who tried burning down multiple occupied homes in the Hamptons will spend nearly two decades behind bars. Amanda Burnside, 42, of East Quogue, was sentenced to 18 years in prison in Suffolk County Court after a jury found her guilty of arson and related charges, the DA’s office announced Thursday, Feb. 27. Burnside attempted, but ultimately failed, to start fires at two occupied homes in Hampton Bays and succeeded in starting a fire at a third home that was occupied by four people in November 2023, as Daily Voice reported. At the third home, she ignited the fire by pouring gasoline…

SHARE

by Michael Mashburn
News
Dollar Tree Sold Lead-Infused Applesauce Pouches For Weeks After Recall, FDA Says Dollar Tree Sold Lead-Infused Applesauce Pouches For Weeks After Recall, FDA Says
Dollar Tree Sold Lead-Infused Applesauce Pouches For Weeks After Recall, FDA Says Despite a recall notice and multiple warnings from the Food and Drug Administration, Dollar Tree continued to sell applesauce pouches containing lead for weeks, federal officials say. The popular retail chain was issued a letter from the FDA this month regarding the WanaBana fruit puree pouches, distributed by Negasmart. "As described below, laboratory analysis of multiple lots of WanaBana Apple Cinnamon Fruit Puree pouches, including finished product samples collected from Dollar Tree stores, detected extremely high concentrations of lead," the letter reads.  "... you conti…

SHARE

by Cecilia Levine
Police & Fire
Man Accused Of Taking Pictures Up Woman's Shirt At East Farmingdale Store Man Accused Of Taking Pictures Up Woman's Shirt At East Farmingdale Store
Man Accused Of Taking Pictures Up Woman's Shirt At East Farmingdale Store A man has been accused of using his cellphone to take pictures up the skirt of a 43-year-old woman at a store on Long Island. The incident allegedly happened Thursday, May 9 at the Dollar Tree on Broadhollow Road in East Farmingdale. Following an investigation by First Squad detectives, New York City resident Christopher St. Surin, of Manhattan, was arrested on Friday, May 24, at approximately 9:50 p.m., said police. St. Surin, age 30, was charged with unlawful surveillance.  He was scheduled to be arraigned at First District Court in Central Islip/ The investiga…

SHARE

by Joe Lombardi