Discount store Dollar Tree, the parent company of Family Dollar, announced that it would be closing nearly 1,000 stores across the country.
“We plan on closing approximately 600 Family Dollar stores in the first half of fiscal 2024,” Dollar Tree said in a Q4 2023 earnings report. “Additionally, approximately 370 Family Dollar and 30 Dollar Tree stores will close over the next several years at the end of each store’s current lease term.”
The chain did not disclose which stores would be shuttering but noted that the company made its decision after evaluating its portfolio for underperforming locations.
Related: Dollar Tree Adopts Plans to Combat Store Theft, Profit Dips
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