Dollar Tree to Prune 1,000 Stores After Year of Hiring Decline

Discount retailer Dollar Tree announced a surprise 4th quarter loss yesterday as the chain grapples with store theft, merger indigestion, and the austerity spending of their lower-income clientele—the consumers pinched hardest by inflation.

Leadership reported a multi-year plan to close 1,000 storefronts of its Family Dollar brand, a subsidiary chain Dollar Tree acquired in a 2015 bidding war with Dollar General. The news saw $DLTR stock drop more than 14% by Wednesday afternoon.

A day ahead of Wednesday's earnings report, LinkUp’s Solutions Manager Nic G. tweeted a Compass graph showing a 10% YoY decline in job listings at Dollar Tree. Insights like these are a strong use case for LinkUp’s data products—real time hiring intel gives analysts an advance picture of company growth or decline with a lead on official reports. By harnessing the forward-looking nature of job listings, our data helps users anticipate industry shifts, identify opportunities, and prepare for disruptions.

See Nic’s tweet and the Compass graph below.

Keep ahead of the company curve with LinkUp job market data. And stay tuned for more of our Notes from The Evidence Lab, where we showcase the engaging interface and unmatched specificity of our job market dataset.

Daily Active Jobs Index for Dollar Tree (light blue) and Dollar General (navy) since 3/15/2023

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