Earlier expectations that Dollar Tree Inc. would only need to divest 300 stores to gain FTC approval for its merger with Family Dollar Stores Inc. may have proven wrong, and the Federal Trade Commission is now reviewing more than 500 stores, reported Reuters. The agency may also return and review additional stores in the future, according to Dollar Tree.
Should the deal be approved Dollar Tree would likely become the largest discount retailer in the U.S., surpassing rival Dollar General Corp. The merger would give Dollar General about 13,000 stores across the U.S. and Canada before divestitures and more than $18 billion in annual sales. Dollar General has about 11,500 stores.
Sales for Kellogg’s U.S. morning foods unit declined 1.3% in its fiscal third quarter, reported CNBC (Oct. 31). Despite the decline, company officials see improvements on the horizon.read more
Food continues to be teens’ top spending category, remaining at its 24% peak, according Piper Jaffray Companies’ semi-annual Taking Stock With Teens survey. Chick-fil-A is the No. 1 restaurant among the age group, followed By Starbucks, which remains the only publicly traded brand with double-digit mindshare,.read more
With a background in both daily and weekly publications, Bryan has worked as a journalist since freelancing for his hometown paper in high school. He has since written both in print and online for min, The Times of Trenton and North Jersey Media Group, holding positions from stringer to editor. With a background as a news reporter, he has learned to seek out the focus behind the story, digging for the most important information.
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