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Dollar Tree is exploring a sale of its Family Dollar brand

Dollar Tree  announced Wednesday it is considering a sale of its more grocery-focused Family Dollar brand.

The company had recently shared plans to close almost  1,000 Family Dollar stores  in an attempt to revamp the struggling business. The discounter closed more than 500 locations during its fiscal first quarter, it said Wednesday.

“We are already beginning to see progress in this targeted strategy in the streamlined Family Dollar banner,” the company  said in a press release . “The unique needs of each banner at this time — transformation at Family Dollar and growth acceleration at Dollar Tree — lead us to the decision to conduct a thorough review of strategic alternatives for the Family Dollar business.”

Dollar Tree bought Family Dollar in 2015 for almost $9 billion. The business has been struggling ever since to compete against its major rival,  Dollar General .

The company has not set a deadline or definitive timetable for the sale review process, and is working with JPMorgan and Davis Polk & Wardwell advisors in its review.

Shares of Dollar Tree fell about 2% in premarket trading Wednesday.

The update came alongside Dollar Tree’s fiscal first-quarter earnings report, in which Family Dollar lagged.

Same-store sales for the company’s Dollar Tree brand rose 1.7% while Family Dollar sales climbed only 0.1%. Enterprise sales rose 1%.

Revenue rose to $7.63 billion, up about 4% from $7.32 billion a year earlier.

The company said it expects sales for the second quarter will range from $7.3 billion to $7.6 billion, with sales growth for the Dollar Tree banner of between 2% and 4% and sales for the Family Dollar segment approximately flat.

Here’s how the discounter did in its  first fiscal quarter  compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:

• Earnings per share:  $1.43 cents vs. $1.42 expected
• Revenue:  $7.63 billion vs. $7.63 billion expected

The company’s reported net income for the three-month period that ended May 4 was $300.1 million, or $1.38 cents per share, compared with $299 million, or $1.35 per share, a year earlier. Adjusting for one-time items, including the cost of store closures, the company reported earnings of $1.43 per share.

The company also mentioned that it incurred losses totaling $117 million as of early May, after a tornado destroyed the company’s distribution center in Marietta, Oklahoma on April 28. The facility sustained significant damage, and the inventory in the facility as well as the facility itself are not salvageable, Dollar Tree said in the report.

The company said it expects the incurred losses to be offset by insurance recoveries.

The dollar store segment is going  through tough times  as  lower-end consumers pull back  in the face of higher costs. Although a shift to cost-cutting efforts sounds like it would have benefitted dollar stores, the discounters are increasingly losing market share to value retailers like  Walmart  and e-commerce retailers like Temu.

Dollar Tree fell short of expectations for  holiday-quarter sales  in its fourth quarter earnings report, meanwhile its main competitor  Dollar General   surpassed estimates .

Dollar Tree has been in the midst of a  broader turnaround effort  since current CEO and former Dollar General CEO Richard Dreiling took the helm in early 2023.

Shares of the company have  pulled back  roughly 15% in 2024.

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Dollar Tree acquires 170 99 Cents Only Stores, will reopen them as Dollar Tree stores

Dollar Tree has acquired the leases of 170 99 Cents Only Stores and will reopen these stores with its own products as early as fall 2024, the company announced Wednesday.

The 170 leases acquired by the company span across Arizona, California, Nevada and Texas, according to a news release. Dollar Tree also acquired the North American intellectual property of 99 Cents Only Stores, as well as some furniture, equipment and fixtures inside the stores.

"As we continue to execute on our accelerated growth strategy for the Dollar Tree brand, this was an attractive opportunity to secure leases in priority markets where we see strong profitable growth potential,” said Michael Creedon, Jr., Dollar Tree’s Chief Operating Officer, in the news release.

“The portfolio complements our existing footprint and will provide us access to high quality real estate assets in premium retail centers, enabling us to rapidly grow the Dollar Tree brand across the western United States, reaching even more customers and communities,” Creedon added.

According to the news release, Dollar Tree had operated over 16,000 stores across 48 states and five Canadian provinces as of Feb. 3, 2024. These stores operate under the brands of Dollar Tree, Family Dollar and Dollar Tree Canada.

Are all 99 cent stores closing?: A look at the Family Dollar, 99 Cents Only Stores closures

99 Cents Only Stores closed in April

After over four decades in business, 99 Cents Only Stores announced last month it would close all 371 locations.

"This was an extremely difficult decision and is not the outcome we expected or hoped to achieve," interim CEO Mike Simoncic said in a  news release . "Unfortunately, the last several years have presented significant and lasting challenges in the retail environment."

Simoncic said several factors contributed to the dire state of the discount store company, including the "unprecedented impact left by the COVID-19 pandemic." He also cited shifting consumer demands, inflationary pressures and rising shrinkage levels, which refers to the loss of inventory or cash from theft, damage, or administrative errors.

"We deeply appreciate the dedicated employees, customers, partners, and communities who have collectively supported 99 Cents Only Stores for decades," Simoncic said.

The company, founded in 1982, offered guests "a combination of closeout branded merchandise, general merchandise and fresh foods" initially offered at 99 cents or less.

Dollar Tree announces price increases in March

Dollar Tree said it would raise the price cap in its stores to $7 in its fourth quarter earnings call this past March.

"This year, across 3,000 stores, we expect to expand our multi-price assortment by over 300 items at price points ranging from $1.50 to $7,"  Dollar Tree  CEO Rick Dreiling said in the call on March 13.

A $5 cap was set in June,  according to Yahoo Finance . In 2021 the company raised the  base price of items to $1.25 . The higher cost items will include food, pet and personal care items, though not all items will be at the $7 price cap.

Dollar Tree price increase: Dollar Tree to increase max price in stores to $7, reports higher income shoppers

"Over time, you will also see us fully integrate multi-price merchandise more into our stores so our shoppers will find $5 bags of dog food next to our traditional $1.25 pet treats and toys, and our $3 bags of candy will be found in the candy aisle," Dreiling said.

Dollar Tree executives said on the call that the demographics of their customers trended towards higher income brackets.

"The fastest-growing demographic is north of $125,000 a year in income," said. "It's not like the Northeast is strong and the West is weak. That boat is lifting pretty even all the way up."

Contributing: Anthony Robledo & James Powel, USA TODAY

Gabe Hauari is a national trending news reporter at USA TODAY. You can follow him on X  @GabeHauari  or email him at [email protected].

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Tornado kills Livonia toddler, critically injures mom when tree hits their house as they slept

A toddler was killed on Wednesday afternoon when a tornado struck Livonia and brought a tree down on the child's home — sending the boy's mother and her 2-month-old infant to the hospital, according to the National Weather Service.

Firefighters worked for nearly an hour to lift the tree with high-pressure air bags from where it crashed through the home's roof onto the mother and her 2-year-old son as they slept, authorities said. The child was pronounced dead at the scene as his mother was taken to Livonia Trinity Hospital in critical condition.

The tornado's winds were between 90 and 95 mph, said meteorologists at the National Weather Service's regional station in White Lake. Residents said they did not hear a storm siren alerting them to the tornado's approach, and NWS meteorologists said the tornado developed too rapidly for them to issue a warning. Livonia Mayor Maureen Miller Brosnan issued a statement of condolence for the toddler's death.

"The city of Livonia extends its heartfelt sympathies to the family after the death of their 2-year son … This is a terrible tragedy for our community. Our hearts are broken, too, and we send our deepest sympathies," Miller Brosnan said.

"A massive tree" fell onto the house and through its roof, "landing on a bed where the mother and her 2-year-old child were sleeping," said Miller Brosnan. She said every available Livonia firefighter was dispatched to the scene and the Western Wayne County Urban Search and Rescue team also arrived.

Livonia resident Lisa Allen said she'd been checking forecasts all day, then suddenly heard the tornado coming.

"It came on very suddenly" at about 3:30 p.m., Allen said. "Then I said, 'I better get in the basement,' and no sooner did I — I didn't even make it to the basement — and it was over. It came and went very fast," she said.

Allen had large tree branches down in her front yard and a trampoline flipped upside down in her backyard. She said she recalled surviving high winds at her house about 15 years ago, and "today was a little stronger." She was impressed at how quickly the tree-cutting crews and DTE repair techs were working to restore order to her neighborhood.

Livonia Emergency Preparedness Director Brian Kahn confirmed, on the city's website, that Livonia officials did not receive any warning of the tornado's approach from the National Weather Service. The Weather Service referred to it as "a spin-up storm" that did not appear on radar screen with enough time to issue a warning to Livonia. Hardest hit were neighborhoods in Livonia near I-96 and Newburgh Road, where dozens of large trees were felled by the storm that later swept with diminished force across metro Detroit's northern suburbs.

According to the Weather Service, the tornado's path was 5.5 miles long, with a width of 450 yards. It touched down just east of the intersection of Schoolcraft Road and Eckles Road, swept northeast across Newburgh to Levan Road near 5 Mile, next reaching Farmington Road at 6 Mile, then lashing Rotary Park and Beverly Park, and finally lifting at 7 Mile and Middlebelt roads.

About 20,000 Livonia customers of DTE were without power following the tornado's onslaught, according to online estimates. Elsewhere across southeast Michigan, thunderstorms and rainfall together with high winds brought mostly minor damage, the Weather Service said.

Storms brought high winds, lightning, heavy downpours to the region, with some flooding and hail. Scattered to numerous thunderstorms continued into the evening, with most having passed metro Detroit by 7 p.m. Storm damage impacted area businesses, took out traffic lights and brought tree branches down, with storm debris scattered on local roads.

Scattered to numerous thunderstorms will continue to move through SE MI through 7 PM. Lighting, heavy downpours, and wind gusts 50-60 mph are the main hazards. #miwx #nwsdtx pic.twitter.com/6Qu5N3xBmQ — NWS Detroit (@NWSDetroit) June 5, 2024

Damage hit a Farmington Hills gas station Wednesday afternoon, WXYZ-TV (Channel 7) reported . The overhang collapsed at a Citgo gas station at 10 Mile and Middlebelt Roads, starting a fire. Farmington Hills police confirmed the fire.

Rotary Park in Livonia closed temporarily due to damage, with downed trees and pavilion roof damage, according to Livonia Parks and Recreation .

The NWS issued several weather alerts throughout the afternoon, with all cleared by 6:15 p.m. DTE Energy reported that 98% of customers had power, with around 30,000 outages, as of early evening in metro Detroit. Consumers Energy reported 99% with power, with outages at about 1,900 in metro Detroit.

Gusts of up to 60 mph were reported as the storm crossed Michigan's Thumb area. A second tornado on Wednesday touched down for just one minute, sweeping less than half a mile of Forest Dunes Golf Course in Crawford County, seven miles northeast of Roscommon. Its winds reaches 80 mph and caused tree damage to one house, according to the National Weather Service's station in Gaylord.

Contact Jenna Prestininzi: [email protected]. Staff writers Bill Laytner and Jamie LaReau contributed.

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Apple worldwide developers conference may mark its debut of ‘apple intelligence’ ai feature, paramount global town hall delayed after skydance offer, co-ceos’ shareholder presentation.

By Anthony D'Alessandro , Dade Hayes

A town hall for Paramount Global employees originally scheduled to take place Wednesday has been delayed until June 25.

In a note to employees obtained by Deadline, CEOs George Cheeks, Chris McCarthy and Brian Robbins recapped Tuesday morning’s annual shareholder meeting and also noted the rescheduling of the town hall. “Given the ongoing speculation regarding potential M&A, we want to be able to speak to you with as much candor and transparency as possible. By moving the date, our hope is to do just that,” they wrote.

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The troika outlined a plan to shareholders to cut $500 million in annual overhead and juice streaming revenue through licensing and a potential joint venture or strategic partnership with a media or tech company. While more information can be expected to be conveyed at the town hall later this month, the CEOs also alluded to Paramount’s next quarterly earnings call in August as a moment when the investment community can expect to hear more details.

Paramount stock slipped 4% Tuesday in the wake of the meeting after having run up on Monday amid talk of Skydance being close to sealing a long-sought merger deal. Redstone did not appreciate the fact that Skydance’s revised offer satisfied many Class B (non-voting) shareholders while diminishing her proceeds, according to a report by Reuters. In creating more cash for shareholders, the David Ellison-run suitor decreased the valuation of the deal to $4.75 billion from $5 billion, the report said. (That price tag excludes the roughly $3 billion initial step of acquiring Redstone’s National Amusements, which controls 77% of Paramount’s Class A, or voting, stock.)

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Our collection of 7 tree diagram templates for PowerPoint and Google Slides offers creative ways to visualize hierarchical data. These easy-to-edit graphics use branching layouts to illustrate organizational structures, decision-making processes, family trees, and more.

Whether you need to map a business hierarchy or show evolutionary relationships, our tree diagrams fit the bill. Designed to work in standard and widescreen presentation formats, the graphics come with light and dark background options. Simply insert your own text, images, and color schemes to customize the look.

From org charts to choice flowcharts, family trees to evolutionary lineages, these ready-made templates help save time. No need to build tree diagrams from scratch. Our graphics are vector-based, so you can resize branches and nodes without losing quality. Unlock the full customization toolkit to tailor node shapes, line styles, and layouts to your needs.

Give your hierarchical content visual impact with these adaptable, easy-to-edit tree diagrams for presentations.

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3-year-old killed, mother injured when tree falls on home near Detroit amid severe weather, tornado

By DeJanay Booth-Singleton

Updated on: June 6, 2024 / 5:24 PM EDT / CBS Detroit

LIVONIA, Mich. (CBS DETROIT) — A 3-year-old boy was killed and his mother critically injured, officials said, when a tree fell on a home in the suburban Detroit city of Livonia Wednesday afternoon amid severe weather that also spawned a tornado. 

The Livonia Fire Department confirmed the child's death. Livonia Fire Chief Robert Jennison said the tree landed on a bed where the child and his mother were sleeping. The mother was taken to the hospital and is in critical condition.

Jennison said a 2-month-old was also in the home at the time, but is expected to be OK.

"I've been here 35 years. I've never seen a storm come through like this. It's devastating, it's horrible to see," Livonia resident Melanie Ricketts said. 

In a statement, the city of Livonia said it was extending "its heartfelt sympathies to the family after the death of their 2-year son, who was killed after a tree fell on the family house when a quick-developing tornado struck several Livonia neighborhoods at about 3:30 p.m. Wednesday."

The National Weather Service confirmed that an EF-1 tornado touched down in Livonia, estimating the wind peaked at 95 mph. A survey from the weather service shows the tornado started at about 3:30 p.m. and lasted for nine minutes, traveling 5.5 miles.

It started east of the intersection of Schoolcraft and Eckles roads, traveled north of Interstate 96 and lifted southwest of Seven Mile and Middlebelt roads. 

'"I have never experienced anything like that in my life," said Jason Durham. 

Durham said he left his home to go to the grocery store and then minutes later the sky got black and his kids called him scared and feeling like they were in danger. 

"As soon as the storm hit, we tried to turn around and come back home and literally every street had trees knocked down," Durham said. 

Brian Kahn, director of the city's Homeland Security and Emergency Preparedness department, told CBS News in a statement that several homes were damaged and several trees uprooted by the storm. 

"Yes, it was determined an EF1 tornado spawned out of a line of storms that were passing through southeast Michigan," Kahn said. 

Additionally,  Livonia Parks and Recreation says  the Rotary Park was temporarily closed after the storm knocked down several trees and the roof of the park's main shelter.  

"As we assess the damage from the storm today, Livonia residents are asked to notify the City if there are downed trees that are blocking streets and roadways. These can be reported at  Livonia.gov/1871  or by calling the non-emergency line of the Livonia Police Department at (734) 466-2470,"  Livonia Fire and Rescue said  in a social media post.  

Michigan Gov. Gretchen Whitmer issued the following statement on X (formerly Twitter):

My team has been in touch with the Livonia mayor following today's severe weather. It's tragic to hear about the death of a young Michigander. For those affected by the storm, emergency response teams are on the ground and the utilities will be working to get power restored.  

The weather service warned of severe thunderstorms in Wayne Oakland, Macomb and St. Clair counties through 5:15 p.m., with wind gusts up to 50 mph, also causing storm damage in other parts of the metro area.

In Farmington Hills, police and fire say they responded to a collapsed canopy at the Citgo gas station at 10 Mile and Middlebelt roads, which fell on two vehicles and a motorcycle. Police Chief Jeff King says a minor fire from fuel in a damaged pump was also reported. 

One person was hurt and taken to the hospital for minor injuries. 

Police say a worker was able to cut off the fuel to other pumps. Nearby businesses are open.

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DeJanay Booth-Singleton is a digital producer at CBS Detroit. She covers various topics such as crime, business and politics.

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Michigan Attorney General Charges Four Tree Service Companies with Price Gouging and Deceptive Practices Post-Storm

In response to allegations of deceptive practices following severe weather events, Michigan Attorney General Dana Nessel has taken legal action against a consortium of tree service companies, accusing them of exploiting customers amid the chaos of storm clean-up efforts. A legal complaint lodged in the 30th Judicial Circuit Court in Ingham County pins the fraud on Canary Date Sculpting, Inc., a Florida enterprise which also operates as Canary Tree Service, for orchestrating a price gouging scheme alongside Mississippi’s Garrison McKinney Tree and Bridge Service, LLC, Kentucky's E & B Contracting, and Michigan’s own Holtslander and Sons Tree Service, LLC, as reported by WPBN/WGTU .

During the summer of 2021 and following a destructive tornado in Gaylord in May 2022, these companies reportedly misled consumers about contract terms, costs, insurance liabilities, and their legal rights the Department claims these firms engaged in deceptive efforts that led to excessive charges for tree-trimming services at a time when residents were grappling with the aftermath of natural disasters. In her statement, Attorney General Nessel underscored her inability to "tolerate businesses that exploit consumers with deceptive tactics" and vowed relentless pursuit of such predatory entities, as mentioned by Michigan Department of Attorney Genera l .

As part of the broader initiative to protect consumers, Nessel's office encourages individuals impacted by storm damage to secure a written estimate prior to authorizing work and to rigorously examine any contract's details before committing to its terms. The recommendation extends especially to digital contracts, where fine print may be challenging to scrutinize without a printed copy on hand. This guidance comes amidst a backdrop of repeated incidents where vulnerable residents, in their urgency to restore normality, fall prey to opportunistic business practices in the storm's wake.

Michigan residents who believe they've been victimized by such fraudulent business conduct can file a grievance with the Consumer Protection Team to ignite an inquiry and potential recourse; contact details for the Attorney General's office including a physical mailing address, phone numbers, and an online complaint form have been provided to facilitate the lodging of such complaints. 

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Prezentation Trees Specializes In PowerPoint Presentation Designing Services And Reprographic Services Such As Redraw Maps, Charts Creations, Etc. 

Presentations from Images and Doodles

Just send us a photo of your scribbles and doodling, and we'll transform it into visually stunning presentations that will fascinate your audience.

Data Processing

Our specialised data processing team offers assistance with creating new word documents, formatting the existing documents, converting PDFs to Word, creating charts etc.

Powerpoint Presentation Edits

Based on your markups, existing PowerPoint presentations will be professionally enhanced in terms of layout and graphics

Map Creation

Our team will create route and location maps in accordance with the client's specifications

Conversions

Converting from one template to another. Word and Excel documents can also be converted into PowerPoint presentations.

Infographics

We create stunning infographics that bring your data, insight, and message to life - clearly and succinctly.

Be Associated With Us For Best Presentations

We have experience in the Presentation and Graphic Design industry for the last 10 years. Our Graphics team who are experts in PowerPoint slide production/reformatting tasks for Global clients to support all their day-to-day presentations (i.e., Business presentations, Corporate presentations, Sales presentations) for their small business and project proposals, etc.

Our motto is to support our clients in the graphical part of their day-to-day business presentations with the highest professional standard quality in the shortest time.

Questions that arise when you are addressed here

How Do I Send My Jobs?

E-mail or FTP. For customers who plan to send more than 50 jobs a month, free FTP space will be provided at [Company Name].

Quality "High Quality, Every Time"

Attractive PowerPoint Presentations

with exceptional quality

Pricing "Affordable & Flexible Costs"

Lucrative pricing plans to cater

your different needs

Speed "Fast Turn around Times"

Outstanding PowerPoint presentations

will be delivered on time.

Security "No hesitation, 100% assured Confidentiality"

We adhere to client  confidentiality requirements.

Happy to sign NDA as required!

Tree Trimming Services

Jan 10, 2024

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Regular tree care plays a vital role in promoting strong and healthy growth while preventing diseases. At Tree's and All, we understand the significance of proper tree maintenance. Our skilled arborists employ the latest methods and techniques to trim, prune, and shape your trees, all while preserving their natural beauty.<br><br>

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Professional Tree Trimming Services Expert tree trimming services to ensure the health, beauty, and safety of your trees. Trust our certified arborists for professional care. by Tree and All TA

Benefits of Tree Trimming Healthy Growth Enhanced Aesthetics Safety and Structure Promotes strong and healthy tree growth, reducing the risk of disease and decay. Improves the overall appearance of your property and landscape with well-maintained trees. Ensures the safety of your property and family by removing hazardous or overhanging branches.

Tree Trimming Techniques Pruning Thinning Removing dead, diseased, or crossing branches for improved tree health. Strategically removing branches to increase light penetration and air circulation. Raising Lifting the lower canopy to provide clearance and enhance visibility.

Importance of Regular Maintenance 1 2 Tree Health Property Value Prevents the spread of diseases and infestations, promoting overall tree well- being. Increases the value and attractiveness of your property with well-manicured trees. 3 4 Safety Landscape Appearance Reduces the risk of falling branches and other tree-related hazards. Enhances the beauty and visual appeal of your outdoor space.

When to Schedule Tree Trimming 1 Seasonal Needs Consider the best time of year for your specific tree species and local climate. 2 Growth Rate Regularly assess the growth and condition of your trees to determine the trimming schedule. 3 Signs of Distress Look for signs of decay, disease, or pest infestation that may require immediate attention.

DIY vs. Professional Tree Trimming DIY Professional Basic pruning and maintenance tasks Expertise in tree species and growth patterns Risk of improper cuts and tree damage Utilizes proper equipment and techniques

Tree Trimming FAQs 1 2 3 How often should trees be trimmed? Can trimming harm the tree? Is tree trimming disruptive? Depends on the tree species, location, and growth rate. Proper trimming enhances tree health; incorrect cuts can cause damage. Professional arborists minimize disturbance and clean up after the job.

Choosing a Tree Trimming Service Experience and Expertise Insurance and Safety Customer Reviews Ensure the company is insured and practices safe tree care methods. Check customer feedback and references for reliable service providers. Look for certified arborists with a proven track record.

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Phone 8 (496) 511-20-80 8 (496) 511-20-80

Public administration near State Housing Inspectorate of the Moscow Region