There is no timetable for when a review of strategic alternatives for Family Dollar will be completed, the company added.
The discount store foreshadowed the potential move last year when it said it was planning a comprehensive review of its Family Dollar portfolio and closed nearly 1,000 of its underperforming store locations under both brands.
It’s not clear if those plans for more combination stores are still in the works or what would happen to those stores if a sale or spinoff of Family Dollar moved forward. “Our goal is to position both the Dollar Tree and Family Dollar banners to progress further and faster, and to determine whether the exclusive attention of a dedicated team will benefit both, while creating value for Dollar Tree shareholders and other stakeholders,” said Dollar Tree CEO and Chairman Rick Dreiling in a statement.
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