Posted 3/15/2024, 11:30:00 AM
Dollar Tree Closing 1,000 Stores While Expanding Grocery Options
- Dollar Tree announcing closure of 1,000 stores, 600 Family Dollar and 400 Dollar Tree locations
- Despite closures, Dollar Tree seeing strong demand for consumables like refrigerated and frozen foods
- New "More Choices" initiative offers products at $3, $4, and $5 price points
- Added 17,000 cooler doors in 2023 to meet demand for refrigerated and frozen goods
- End of pandemic SNAP benefits in 2022 decreased shoppers' discretionary spending ability
