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Dollar Tree announced on March 13 it would close 600 Family Dollar stores in the first half of fiscal 2024, and 370 additional stores as their leases expire, according to a press release. ...
Same-store sales beat estimates at Dollar Tree, but came in lower than the Street anticipated for Family Dollar, down 1.20%. As of Q4, Dollar Tree had 16,774 total stores, with 8,415 Dollar Tree ...
The announcement of nearly 1,000 store closures came after a disappointing 2023.
On March 13, parent company, Dollar Tree, announced in a press release it plans to shutter nearly 1,000 Family Dollar stores after seeing declining sales in 2023.
Parent company Dollar Tree also said it would convert 200 others to Dollar Tree. [124] An additional 970 Family Dollar stores were slated for closure in March 2024. [125] Family Video announced that it would close its remaining video rental store locations on January 5, 2021. [126]
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Investment bank UBS projected that around 50,000 or so U.S. stores will close by 2027, reported Forbes. Reasons for the closures include a lag in consumer spending, banks being less willing to ...
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