Dollar Tree exploring sale of Family Dollar stores: ‘Chain needs a lot of work'
Dollar Tree(DLTR) New York Post·2024-06-05 23:45
Earlier this year, it had outlined plans to shutter 970 Family Dollar stores. The company operates 8,359 Family Dollar stores, as of Feb. 3. Dollar Tree said on Wednesday it was exploring options, including a potential sale or spinoff of its Family Dollar banner, as it looks to restructure business amid still-high inflation that continues to strain consumer spending. The retailer, like its peer Dollar General, has been grappling with weak discretionary demand as shoppers focus more on less-profitable consum ...