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

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.

At the time, Dollar Tree also said a price cap of $10 was also on the table in the coming years. The same year, Dollar Tree said it was set to close about 600 Family Dollar Stores in the first ...