Breaking News: Dollar Tree to Close Nearly 400 Family Dollar Stores
Do you shop at Family Dollar? Your local Family Dollar Store may be closing.
It has been announced that Dollar Tree which owns Family Dollar Stores will be closing 390 Family Dollar Stores in 2019! The closing is due to under-performance of the Family Dollar Stores. Dollar Tree had already closed 120 Family Dollar Stores in 2018, due to low earnings. Dollar Tree will be remodeling and rebranding at least 200 Family Dollar Stores.
Dollar Tree acquired Family Dollar in 2015, after undergoing a bidding war with Dollar General.
Over the last decade, Family Dollar and Dollar General, have become the only food or retail stores in some small towns.
There may be some awesome clearance sales in the near future.
There has not been a list of which stores will be closing this year. When we get a list, we will update with the information.
Source: Business Insider