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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…

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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 …

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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…

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by Chris Spiker
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…

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by Cecilia Levine
Business
Planters Nuts Recalled Due To Listeria Contamination Concerns Planters Nuts Recalled Due To Listeria Contamination Concerns
Planters Nuts Recalled Due To Listeria Contamination Concerns A pair of Planters nuts products are being recalled due to possible contamination with the bacteria that causes listeria. Hormel Foods Sales, LLC is voluntarily recalling the two Planters products that were produced at one of its facilities in April, according to an announcement by the Food and Drug Administration (FDA). Listeria monocytogenes is an organism that can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems. Healthy individuals may suffer only short-term symptoms such as high fever, severe headache, sti…

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by Joe Lombardi
Business
Family Dollar, Dollar Tree To Close 1,000 Stores Family Dollar, Dollar Tree To Close 1,000 Stores
Family Dollar, Dollar Tree To Close 1,000 Stores Discount chain Family Dollar and parent company Dollar Tree will close a combined 1,000 stores. Family Dollar will shut down 600 stores in 2024 and 370 stores over the next several years as store leases expire.  Dollar Tree will close 30 locations as leases expire.  The company made the announcement Wednesday morning, March 13. Family Dollar has around 8,000 US locations and Dollar Tree has  The company said it initiated a review of its stores in the fourth quarter of 2023.  It involved "identifying stores for closure, relocation, or re-bannering based on an evaluati…

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by Joe Lombardi
Business
Recall Issued For Air Freshener Products Due To Injury, Laceration Hazards Recall Issued For Air Freshener Products Due To Injury, Laceration Hazards
Recall Issued For Air Freshener Products Due To Injury, Laceration Hazards A company has recalled about 67,000 air fresheners due to injury and laceration hazards. Reckitt issued a recall of AirWick Fresh New Day aerosol air fresheners in “Fresh Linen” and “Fresh Waters” scents on Thursday, Nov. 3. The recall includes products with batch code B22077-NJ and date code 18/03/22, which are printed on the bottom of the can. The company said a batch of the products is missing a corrosion inhibitor, which can cause corrosion, rupture of the can, and expulsion of the can's contents. Reckitt said it received five reports of incidents involving the products…

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by Nicole Valinote
Business
Clorox Recalls Pine-Sol Cleaners Due To Infection-Causing Bacteria Clorox Recalls Pine-Sol Cleaners Due To Infection-Causing Bacteria
Clorox Recalls Pine-Sol Cleaners Due To Infection-Causing Bacteria Parent company Clorox is recalling eight Pine-Sol disinfectant cleaning products due to fears they may contain infection-causing bacteria, the Consumer Product Safety Commission (CPSC) announced. To date, testing has identified bacteria in certain recalled products, including those produced between January 2021 and September 2022. Clorox produced approximately 37 million recalled products in that period, the CPSC said. The recalled products have date codes beginning with the prefix “A4” and followed by a five-digit number less than 22249. The products were sold in bottles of 28, 48, 60, 100…

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by Joe Lombardi