Dollar Tree says it will test charging more and shutter hundreds of Family Dollar stores [USA TODAY]
Dollar Tree, Inc. (DLTR)
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Source: USA TODAY
Dollar Tree says it will test charging more and shutter hundreds of Family Dollar stores CLOSE Family Dollar has announced it's closing nearly 400 stores in an attempt to "reposition" itself. Buzz60, Buzz60 CONNECT TWEET LINKEDIN COMMENT EMAIL MORE Dollar Tree is shaking things up. The discount retailer says that it will shutter as many as 390 Family Dollar stores this year, change the name of roughly 200 more, and will start testing charging more than a dollar in some of its namesake stores. The string of announcements came as Dollar Tree reported its fourth-quarter earnings. The Chesapeake, Virginia-based Dollar Tree bought its rival Family Dollar for $9.2 billion in 2015. but the brand has been ailing. The final number of Family Dollar stores that will close depends on its parent company's ability to get rent concessions from landlords, Dollar Tree said. It already closed 84 underperforming Family Dollar stores in the fourth quarter, which was 37 more than it had planned to shutter
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