Why consumers don't feel confident about the economy right now 02:31. Dollar Tree on Wednesday said it is selling Family Dollar for $1 billion to a pair of private equity firms, a decade after it ...

Dollar Tree closed about 600 Family Dollar stores in 2024 and had plans to close another 370 – along with 30 Dollar Tree stores – when the leases came up on on those locations.. CEO Michael ...

Dollar Tree announced on Wednesday that it has agreed to sell its Family Dollar division to a group of private equity firms in a deal valued at approximately $1 billion.

Dollar Tree purchased Family Dollar in 2015 for about $9 billion, hoping the merger would help both stores reach more customers. But it struggled to effectively manage the Family Dollar brand.

Dollar Tree is ending its short-lived and ill-fated Family Dollar experiment, offloading the discount brand for $1 billion – just a fraction of its purchase price from a decade ago.

Also on Wednesday, Dollar Tree reported a net loss of $1.71 billion, or $7.85 per share in the quarter ended Feb. 3, compared with a year-ago profit of $452.2 million, or $2.04 per share.

Dollar Tree plans to shutter 600 Family Dollar stores in the first half of fiscal 2024. Over the next several years, the company intends to close 370 more Family Dollar locations, as well as 30 ...

Dollar Tree said Wednesday it will explore a sale or spinoff of Family Dollar, less than a decade after acquiring the chain in what has turned out to be a disastrous merger.

Dollar Tree has 16,397 stores across 48 states and parts of Canada, of which 7,300 are Family Dollar. The Virginia-based company said there's no set date for when the company will make a decision ...

Dollar Tree announced on Wednesday that it plans to close nearly 1,000 U.S. Family Dollar stores after reporting quarterly results that missed Wall Street expectations.

Family Dollar Store Closures. There are around 8,000 Family Dollar locations across the U.S., but the chain has struggled amid ambitious expansion plans and Dollar Tree had already announced in ...