Dollar Tree to Close 1,000 Stores After Struggling Family Dollar Acquisition

Dollar Tree closing 1,000 stores, 600 Family Dollar and 370 additional locations, after struggling Family Dollar acquisition
Company losing $730M in sales but expects to boost earnings by $0.30 per share from closures
Q4 earnings and revenue missed expectations, company posted net loss of $1.7B compared to profit a year ago
Efforts to turn around Family Dollar brand since $8.5B acquisition in 2015 have been "piecemeal"
Closures a recognition that Family Dollar business isn't working; future progress a test for new CEO Dreiling