Family Dollar, Dollar Tree to close about 1,000 stores

FILE – An exterior view of a Family Dollar store. (Photo by Paul Weaver/SOPA Images/LightRocket via Getty Images)

Dollar Tree said it will close about 1,000 of its Family Dollar  stores after suffering a significant quarterly loss.

Dollar Tree, which owns Family Dollar, on Wednesday announced that it will shutter 600 of its Family Dollar stores in the first half of the year as part of its portfolio optimization. An additional 370 stores will close once their leases expire, the company said in its fourth-quarter earnings report.

In addition, 30 Dollar Tree locations will also close as their leases expire.

FILE - Customers shop at a Dollar Tree store in the Austin neighborhood on Aug. 2, 2022, in Chicago, Illinois. (Photo by Scott Olson/Getty Images)

The company suffered a net loss of $1.71 billion in the three-month period.

Dollar Tree acquired Family Dollar in 2015 and operates more than 15,000 stores across its portfolio, including its more recent combo store format of Family Dollar and Dollar Tree stores in rural communities, according to its website.

Related Posts

Liberals Reportedly Eye Primary Challenge to Sen. John Fetterman After His Breaks With Party Leadership

Senator John Fetterman (D-Pa.) continues to draw attention for his increasingly independent political stance, frequently clashing with members of his own party and occasionally aligning with positions…

VP JD Vance Breaks Senate Tie To Advance $9.4 Billion Rescissions Package

Vice President J.D. Vance cast two critical tie-breaking votes this week to push forward a sweeping $9.4 billion rescissions package in the U.S. Senate. The package includes…

John Bolton Responds to Federal Indictment, Claims Political Targeting by Justice Department

Former National Security Advisor John Bolton has been indicted on 18 felony counts related to the alleged mishandling of classified materials from his time in the Trump…

If your mouth feels dry at night, here are 8 reasons why

Despite a full night’s rest, many people still wake up feeling tired and low on energy. One often-overlooked reason is dry mouth, a condition that can affect…

My autistic brother never spoke—but then he did something that left me in tears

When my brother Keane was diagnosed with autism at age four, I was just seven. I didn’t fully understand—only that he was different. Teachers said he belonged…

SH0CKING NEWS: DAVID MUIR REVEALS HIS ‘NEW WIFE’—AND VIEWERS ARE STUNNED TO LEARN SHE’S AN INTERNATIONAL SUPERSTAR!

America’s most trusted newsman has always been a master of secrets—holding the nation’s confidence in the palm of his hand each night, while keeping his own heart…

Leave a Reply

Your email address will not be published. Required fields are marked *