Dollar Tree to Close 600 Family Dollar Stores This Year, Accelerate Price Changes Amid Underperformance

• Around 600 Family Dollar stores will close in the US this year after parent company Dollar Tree announced significant underperformance in 2023 • Over the next several years, Dollar Tree plans to shut down 370 Family Dollar and 30 Dollar Tree stores when leases expire
• Company is accelerating multi-price rollout at Dollar Tree and taking action to improve profitability at Family Dollar • Closures reported so far in NJ, FL, IL, VA, OH, AL, NC, MO, KS, SC, and WV locations • Dollar Tree acquired Family Dollar in 2015; operates over 16,700 stores under Dollar Tree, Family Dollar, and Dollar Tree Canada brands