Family Dollar

Placer.ai's latest quarterly report shows how the retail landscape continues to change as shopping patterns shift.

The discount retailer sees opportunities to expand its store brand assortment at its Dollar Tree and Family Dollar stores.

An increased number of shoppers visited Dollar Tree and Family Dollar locations in the first quarter as the retailer opened more than 100 new stores to begin the fiscal year.

The change in leadership will be official Jan. 29 as Rick Dreiling will take the top spot from current chief executive Mike Witynski.

The poll commissioned by Dollar Tree also found that a majority of shoppers will hit the stores to seek out bargains.

The first quarter of 2022 was successful for the dollar chain, as customers seek value amid an inflationary period.

Dollar Tree has made two additions to its Family Dollar executive leadership team in the areas of supply chain and merchandising.

The company said in a recent earnings call that it plans to add 400 Combo Stores this year, allowing for a larger selection of the two retailers' private brands.