Dollar Tree will close 1,000 Family Dollar stores due to a significant quarterly loss. The company plans to close 600 stores in the first half of the year and an additional 370 stores once their leases expire. Dollar Tree acquired Family Dollar in 2015 and operates over 15,000 stores.
Dollar Tree announced that it will close about 1,000 of its Family Dollar stores after suffering a significant quarterly loss . The company will shutter 600 stores in the first half of the year and an additional 370 stores once their leases expire.
In addition, 30 Dollar Tree locations will also close. Dollar Tree acquired Family Dollar in 2015 and operates more than 15,000 stores across its portfolio.
Dollar Tree Family Dollar Store Closures Quarterly Loss Portfolio Optimization
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Dollar Tree, Family Dollar to close 1,000 locationsJustin Boggs is a writer for the E.W. Scripps company. Justin covers anything from politics to sports and entertainment.
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