Dollar Tree Announces the Opening of Its 25th and 26th U.S. Distribution Centers
September 03 2020 - 7:30AM
Business Wire
Dollar Tree, Inc. (NASDAQ: DLTR), celebrated the grand opening
of its 25th U.S. distribution center in Rosenberg, Texas yesterday
with a small ceremony. The Company also recently started shipping
product from its 26th U.S. facility in Ocala, Florida.
“Our two newest state-of-the-art distribution centers will
enhance our supply chain efficiencies by providing stores in the
southeastern and southwestern states with essential products, at
great values, for our customers,” stated Michael Lech, Chief
Logistics Officer. “Yesterday, we celebrated the creation of more
than 400 jobs in the Rosenberg region and our team is appreciative
of the partnerships and support provided by the City of Rosenberg,
Rosenberg Development Corporation, Fort Bend Economic Development
Council, and Texas Workforce Solutions.”
The plans for the approximate $130 million investment in the
Texas distribution center were announced in February 2019. The 1.2
million square foot facility will initially service Dollar Tree
stores across a three state region.
To continue supporting its stores, the Company recently began
shipping product from its Ocala, Florida distribution center. The
first phase of the 1.2 million square foot facility opened last
month, with the second phase expected to be completed in 2022.
“Dollar Tree continues to grow and our Ocala facility will play
an integral role in servicing the needs of stores in Florida and
the surrounding states,” added Michael Lech.
Last year, Dollar Tree’s distribution network shipped and
received more than 1.8 billion cases of merchandise through their
facilities.
About Dollar Tree, Inc.
Dollar Tree, a Fortune 200 Company, operated 15,479 stores
across 48 states and five Canadian provinces as of August 1, 2020.
Stores operate under the brands of Dollar Tree, Family Dollar, and
Dollar Tree Canada. To learn more about the Company, visit
www.DollarTree.com.
A WARNING ABOUT FORWARD-LOOKING STATEMENTS: Our press release
contains “forward-looking statements” as that term is used in the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements can be identified by the fact that they address future
events, developments or results and do not relate strictly to
historical facts. Any statements contained in this press release
that are not statements of historical fact may be deemed to be
forward-looking statements. Forward-looking statements include,
without limitation, statements preceded by, followed by or
including words such as “believe”, “anticipate”, “expect”,
“intend”, “plan”, “view”, “target” or “estimate”, “may”, “will”,
“should”, “predict”, “possible”, “potential”, “continue”,
“strategy”, and similar expressions. For example, our
forward-looking statements include statements regarding the
anticipated roles and capabilities of our distribution centers, the
expected completion date of the second phase of the Ocala, Florida
distribution center, and our other plans, objectives, expectations
(financial and otherwise) and intentions. These statements are
subject to risks and uncertainties. For a discussion of the risks,
uncertainties and assumptions that could affect our future events,
developments or results, you should carefully review the “Risk
Factors,” “Business” and “Management's Discussion and Analysis of
Financial Condition and Results of Operations” sections in our
Annual Report on Form 10-K filed March 20, 2020, our Form 10-Q for
the most recently ended fiscal quarter and other filings we make
from time to time with the Securities and Exchange Commission. We
are not obligated to release publicly any revisions to any
forward-looking statements contained in this press release to
reflect events or circumstances occurring after the date of this
release and you should not expect us to do so.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200903005159/en/
Dollar Tree, Inc. Kayleigh Painter, 757-321-5114 Manager,
Investor and Media Relations www.DollarTree.com DLTR - G
Dollar Tree (NASDAQ:DLTR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Dollar Tree (NASDAQ:DLTR)
Historical Stock Chart
From Apr 2023 to Apr 2024