Analysts say Family Dollar has been a drag on Dollar Tree's earnings and 'remains the weaker part of the business.'
Analysts say Family Dollar has been a drag on Dollar Tree's earnings andmorning during its fourth-quarter earnings results that it will be closing as many as 390 of its Family Dollar stores in 2019 and remodeling 200 locations to become Dollar Tree stores. This follows on from 85 store closings at the chain during the fourth quarter of 2018.bought Family Dollar, and analysts say that so far, it's been a disappointing run.
He continued:"From our data, a high proportion of Family Dollar's shopper base goes there out of necessity rather than because they particularly want to. There is nothing wrong with this position, but it does mean that as financial conditions improve, or people feel they can afford something better, they are more likely to migrate away."
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