Dollar Tree taking 'very defensive approach' to shoplifting, CEO says

Dollar Tree Inc., a discount retailer, is implementing new measures to combat shoplifting, including moving certain items behind the check stand and discontinuing items that can't be kept on the shelf, as the company addresses the impact of shrink on its gross margin.

foxbusiness.com

Relevant topic timeline:

8/24/2023

Dollar Tree, Family Dollar to pay $1.34 million in OSHA settlement

Dollar Tree has agreed to a settlement with OSHA, resulting in over $1 million in fines and work safety-related requirements, as the company aims to enhance workplace safety.

8/24/2023

Dollar Tree's shares sink, as CEO says 'challenging' economy is pressuring discounter

Shares of Dollar Tree fell after the retailer revealed that customers are primarily focusing on purchasing food and essentials, indicating more price-sensitive spending habits and a challenging economic backdrop.

8/24/2023

Dollar Tree said theft is such a problem it will start locking up items or stop selling them altogether

Dollar Tree blames a drop in profit margin on theft, changing consumer demands, and higher prices for fuel and electricity.