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The company said in March that in the first half of 2024, Dollar Tree plans on closing approximately 600 Family Dollar stores, while an additional 370 Family Dollar and 30 Dollar Tree stores will ...
Family Dollar has struggled since Dollar Tree bought it in 2015 for $8.5 billion. Dollar Tree believed acquiring Family Dollar would help it compete against bigger rivals. But it misjudged the deal.
Same-store sales for the company’s Dollar Tree brand rose 1.7% while Family Dollar sales climbed only 0.1%. Enterprise sales rose 1%. Revenue rose to $7.63 billion, up about 4% from $7.32 ...
Family Dollar Stores, Inc. is an American variety store chain. With over 8,000 locations in all states except Alaska and Hawaii, it was the second largest retailer of its type in the United States until it was acquired by Dollar Tree in 2015 when its headquarters operations were moved from Matthews, a suburb of Charlotte, North Carolina, to Chesapeake, Virginia, located in South Hampton Roads.
Dollar Tree, which has stores under the brands Family Dollar, and Dollar Tree Canada and its namesake, was operating 16,397 stores across 48 states and five Canadian provinces as of May 4. Shares of Dollar Tree Inc., based in Chesapeake, Virginia, fell about 2% before the market open.
Dollar Tree, which has stores under the brands Family Dollar, and Dollar Tree Canada and its namesake, was operating 16,397 stores across 48 states and five Canadian provinces as of May 4.