Dollar Tree to Expand Distribution Center in Marietta, Oklahoma
Dollar Tree, Inc. (NASDAQ: DLTR), North America's leading operator of discount variety stores selling everything for $1 or less, has announced that it intends to expand its distribution center in Marietta, Oklahoma by an additional 400,000 square feet. More than 100 full time positions will be created as a result of the expansion.
The facility in Marietta opened in 2003 and is currently 603,000 square feet. This facility supplies products to our stores across eleven states, including all of Oklahoma, Kansas, Colorado, New Mexico and Texas, and portions of Louisiana, Arkansas, Missouri, Nebraska, South Dakota, Wyoming and Montana.
Construction on the expansion is scheduled to start in February 2013 and should be completed in the autumn of 2013. The total cost of the expansion is expected to be approximately $25 million, financed by Dollar Tree using available cash.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.