Dollar Tree Looking to Hire 25,000 as Supply Chains Come Under Pressure
Dollar Tree (NASDAQ: DLTR) has joined the long list of retail stores that are experiencing tremendous demand over the last month amid the COVID-19 outbreak.
On Wednesday, CEO Gary Philbin told CNBC that Dollar Tree's supply chains have been under strain, but more inventory is on the way. Like many retailers, Dollar Tree has struggled to keep essential items like paper towels and hand sanitizer on shelves. Philbin said there is "$1 billion in the pipeline somewhere" and that more supplies will arrive over the next few weeks.
The demand is pushing Dollar Tree to hire 25,000 employees at stores and distribution centers. The company operates more than 15,000 stores across the Dollar Tree and Family Dollar brands.
Source Fool.com
