News Formal

Dollar Tree, Family Dollar to close 1,000 locations

  • 📰 10News
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 50%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Justin Boggs is a writer for the E.W. Scripps company. Justin covers anything from politics to sports and entertainment.

Dollar Tree, which is also the parent company of Family Dollar, said it plans to close 1,000 locations shortly.

Dollar Tree owns 16,000 stores, including 8,000 Dollar Tree branded locations and 7,500 Family Dollar locations "We took a thoughtful and deliberate approach to address underperforming stores by considering each individual store's performance, local operating environment, and our broader need for scale in operating efficiencies across the portfolio," said Bob LaFleur, Dollar Tree senior vice president of investor relations."We believe rationalizing these unprofitable locations will help to unlock meaningful value at the enterprise level.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 732. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Family Dollar, Dollar Tree to close about 1,000 storesSeveral Family Dollar and Dollar Tree stores are set to close after the company suffered a significant quarterly loss.
Source: FOX10Phoenix - 🏆 83. / 68 Read more »