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 …
A settlement was reached Tuesday after an investigation revealed that Family Dollar Stores in Tennessee were selling customers goods stored in a rodent-infested distribution center. Tennessee Attorney General Jonathan Skrmetti says. “No matter the family budget, whether at a discount shop or not, every Tennessean deserves confidence in the food they buy. This settlement holds Family Dollar accountable and …
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 …
Family Dollar Stores, a subsidiary of Dollar Tree Inc., pleaded guilty Monday to holding food, drugs, cosmetics, and other items under “insanitary” conditions at a now-closed, rodent-infested distribution center in West Memphis, Arkansas, federal prosecutors said. U.S. Department of Justice said in a news release that the company’s plea deal includes a fine and forfeiture …
