GOODLETTSVILLE, Tenn. — Dollar General will acquire all 323 Dollar Express discount stores in 36 states from its owner, private equity firm Sycamore Partners, the company confirmed to several media outlets. Terms of the deal were not disclosed.
The Dollar Express stores, which still carry the Family Dollar moniker, will be rebranded to Dollar General. The 323 stores comprise most of the 330 stores sold to Sycamore in order to meet federal antitrust approval of Dollar Tree’s acquisition of Family Dollar in 2015.
CHESAPEAKE, Va. — Dollar Tree and its Family Dollar subsidiary on Thursday added former Walmart chief merchant Duncan Mac Naughton to the team and promoted Dollar Tree president and COO Gary Philbin to the role of enterprise president.
MATTHEWS, N.C. — Family Dollar, in an effort to meet new potential branded and private-brand suppliers, is holding two Open Buy Days at its headquarters here in October. The first segment of the Open Buy Day, for household cleaning, paper, general merchandise and health and beauty care, will be held Oct. 19. The second segment will follow this on Oct. 26 for the food, beverage and pet categories.
IOWA CITY, Iowa — Direct and indirect remuneration fees and delayed maximum allowable cost adjustment ranked highest on scales of both magnitude and immediacy for rural pharmacists, according to new research released by the RUPRI Center for Rural Health Policy Analysis.
SECAUCUS, N.J. - Vitamin Shoppe on Thursday announced that it has hired Jason Reiser as COO effective July 11, 2016. As COO and a key member of the executive team, Reiser will have overall day-to-day responsibility for operational execution, including store operations, merchandising, supply chain and IT and for leading those teams through implementing the company's reinvention strategy.
GOODLETTSVILLE, Tenn. — The Federal Trade Commission approved the sale of 323 Dollar Express stores to Dollar General, reported Reuters. Private equity firm Sycamore Partners II currently owns the Dollar Express stores, which it bought in 2015 when Dollar Tree was forced to sell stores in 35 states as a condition of its acquisition of Family Dollar.
With just weeks to go before its annual Industry Issues Summit conference — one of the most highly-anticipated, must-attend events on the drug store industry calendar — Drug Store News has announced another top-tier roster of some of the most talented and creative retail executives in the business for the annual thought-leadership/networking event.
NEW YORK — The New York Post on Wednesday reported that Dollar General may have to divest as many as 4,000 stores to satisfy the Federal Trade Commission in its bid for Family Dollar, citing sources close to the situation.