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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.
The rapid expansion of dollar stores across the US in recent years has been a retail phenomenon
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 ...
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.
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 ...
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.
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