Dollar Tree announced on Wednesday that it is selling Family Dollar for $1 billion to a pair of private equity firms, a decade after acquiring the discount chain for more than $8 billion. Although both Dollar Tree and Family Dollar cater to low-income shoppers, Family Dollar locations struggled to gain traction, prompting the parent company …
Family Dollar plans to close about 1,000 stores nationwide as inflation takes a bite out of consumers’ wallets and low-cost-retailers’ profits. Family Dollar will close 600 locations in the first half of this year and 370 stores over the next several years as store leases expire. Also, Dollar Tree, which owns Family Dollar, reports it …
