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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. Dollar Tree ...
Goodbye 99 Cents Only. Hello Dollar Tree. Dollar Tree announced Wednesday it acquired leases for 170 of 99 Cents Only’s stores out of bankruptcy in Arizona, California, Nevada and Texas.
The company had considered filing for bankruptcy prior to the announcement. [4] Later, in May 2024, it was reported that Dollar Tree had acquired the leases of at least 170 former 99 Cents Only Stores locations, which would reopen as Dollar Tree stores beginning in the fall of the same year. [5]
In October 2023, Fitch Ratings reported that 99 Cents Only Stores was nearing a potential Chapter 11 bankruptcy filing. [14] On March 28, 2024, the company warned that it may be forced to file for Chapter 11 bankruptcy within weeks as it faced a liquidity shortfall and a stalled-asset sale. It also began talks referring to liquidation. [15]
Dollar Tree stores in the U.S., as of December 2020 [4]. Dollar Tree, Inc. is an American multi-price-point chain of discount variety stores.Headquartered in Chesapeake, Virginia, it is a Fortune 500 (sometimes referred to as Fortune 200) company and operates 15,115 stores throughout the 48 contiguous U.S. states and Canada. [3]
Dollar Tree bought its rival in 2015 for $8.5 billion, believing the acquisition of Family Dollar would help it compete against larger companies. But by early 2024, more than 900 Family Dollar ...
And going from a 1.0 to a 3.0 -- to use our parlance, $1.25 is a 1.0, Dollar Tree Plus is a 2.0, multi-price in line is a 3.0. The stores that went from 1.0 to 3.0 have the biggest bank.
The first Dollar Tree opened in 1994, and since then, many consumers have flocked to their more than 8,000 stores to score a good deal. However, over time, some shoppers have found those deals ...