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  "documentTitle": "Dollar Tree, Inc. (DLTR)",
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  "authorName": "Jeffrey C. Smith",
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  "presentationDate": "2019-01-07 00:00:00",
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  "notes": "The slide uses a quote from a Q3 earnings call to preemptively rebut management's concerns about supply chain capabilities.",
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      "text": "To be clear, we do not believe that further integrating the supply chain is the right path for Dollar Tree, but it is clear that Dollar Tree has the systems in place to accommodate a multi-",
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      "text": "Similarly, we do not believe that added supply chain complexity is a reasonable excuse for not testing multiple price points.",
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      "text": "We believe that these tests will ultimately prove that by introducing a few additional price points, Dollar Tree will be able to increase its assortment in a way that drives higher traffic, same store sales, and profitability.",
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      "text": "With these points in mind, we believe it is time for Dollar Tree to begin truly testing what it first contemplated 25 years ago: introducing additional price points into its stores.",
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      "text": "To be clear, we do not believe that further integrating the supply chain is the right path for Dollar Tree, but it is clear that Dollar Tree has the systems in place to accommodate a multi-",
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      "kind": "quote",
      "text": "....we've built our latest DC in Warrensburg, Missouri now with the same systems that St. George allowed us to ship both banners... And so I think where you're going to see it is the new DCs will get to that ability to ship first.",
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      "text": "“....we've built our latest DC in Warrensburg, Missouri now with the same systems that St. George allowed us to ship both banners... And so I think where you're going to see it is the new DCs will get to that ability to ship first. And then while you have -- as we shift volume to and from in the network, then we'll have a better opportunity to go back into some of the locations probably on the Family Dollar DC side where they have capacity to shift to Dollar Tree stores...we're working on that.” — Q3 Earnings Call, November 29, 2018",
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