Dollar Tree Plans to Reinvest Tariff Refunds in Prices, Marketing and Stores

Dow Jones
08/27

1017 ET - Dollar Tree received roughly $383 million in tariff refunds during the recent quarter. CEO Mike Creedon says those funds provide a meaningful opportunity to reinvest in the business. "We are putting those funds to work in areas where we believe they can have the greatest and most lasting impact," he says on a call with analysts. "We are focusing those dollars on targeted pricing strategies, marketing, store operations and store conditions--areas that can benefit our customers today while strengthening the business for the long-term." Dollar Tree is off 2%.

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