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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 ...
Christmas Tree Shops filed for Chapter 11 bankruptcy on May 5, 2023, announcing its intention to close 10 underperforming stores out of a total of 82. The chain was a subsidiary of Bed Bath & Beyond until 2020. [92]
Dollar Tree will reopen these stores with its own products under its brand beginning in the fall. 99 Cents Only had filed for bankruptcy in April and closed all of its 370 locations.
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]
The most productive retailers in North America during the retail apocalypse are discount superstores [11] Walmart and Target, low-cost "fast-fashion" brands (Zara, H&M), dollar stores (Dollar General, Dollar Tree, Family Dollar), [12] and warehouse clubs (Costco, Sam's Club, and BJ's Wholesale Club).
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 ...
Dollar Tree stores in the U.S., as of December 2020 [3]. 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. [2]
Dollar Tree's same-store sales are up 1.8% from a year ago, beating the 1.38% expected, boosted by an increase in the average ticket and a 1.5% uptick in foot traffic. Its revenue of $7.56 billion ...