Consumer
Dollar Tree, Squeezed by Weak Spending, Appoints Interim CEO
- Company is conducting a search for a permanent leader
- Shares of Dollar Tree jumped in extended New York trading
A Dollar Tree store in Hudson, New York.
Photographer: Angus Mordant/BloombergThis article is for subscribers only.
Dollar Tree Inc. named a new interim chief executive officer as the beleaguered discounter struggles to lure in lower-income consumers and compete against bigger rivals.
Michael C. Creedon Jr., chief operating officer since late 2022, was appointed Dollar Tree’s interim leader as the company looks for a permanent appointment, according to a statement. He replaces Richard W. Dreiling, who stepped down. Dreiling, who previously led rival Dollar General Corp., was CEO of Dollar Tree since January 2023.