Published 2 months ago

Family Dollar and Dollar Tree will close 1,000 stores

Family Dollar was fined $41.6 million for product safety violations, leading to a stock drop of 8%.
Dollar Tree plans to close 970 Family Dollar stores due to missed sales targets and struggles in the discount retail segment.
Family Dollar will close 600 stores in the first half of 2024 and 370 more in the following years as leases expire.

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The Guardian

Dollar Tree to close 1,000 stores after ‘botched’ Family Dollar takeover

Dollar Tree acquired Family Dollar for more than $8bn almost a decade ago but has had difficulty absorbing the chain

2 months ago·London, United Kingdom

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CBC News

Dollar Tree is closing nearly 1,000 U.S. stores a decade after 'botched' acquisition

Dollar Tree swung to a surprise fourth-quarter loss and will close nearly 1,000 stores after the discount retailer slashed the value of a rival chain it acquired almost a decade ago.

2 months ago·Canada

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Associated Press News

Dollar Tree to close nearly 1,000 stores, posts surprise fourth quarter loss

Dollar Tree will close nearly 1,000 stores and swung to a surprise fourth quarter loss as the discount retailer took a related $1.07 billion goodwill impairment charge. Shares tumbled more

2 months ago·United States

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USA Today

Nearly 1,000 Family Dollar stores are closing, owner Dollar Tree announces

Dollar Tree announced that it will close nearly 1,000 of its Family Dollar stores after the stores experienced a significant underperformance in 2023.

2 months ago·United States

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abc News

Dollar Tree to close nearly 1,000 stores, posts surprise fourth quarter loss

Dollar Tree will close nearly 1,000 stores and swung to a surprise fourth quarter loss as the discount retailer took a related $1.07 billion goodwill impairment charge

2 months ago·United States

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CNN

Family Dollar and Dollar Tree will close 1,000 stores

Family Dollar, the struggling discount chain that caters to low-income customers predominantly in cities, said Wednesday it will close nearly 1,000 stores.

2 months ago·Atlanta, United States

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