Dollar Tree is the latest retailer to announce that they are closing hundreds of stores in the United States. Last year, Dollar Tree closed 85 of its locations. In 2019, they plan to close as many as 390 locations. Three years ago, Dollar Tree bought out Family Dollar and it has not really been worth it for the franchise.
So, why are dollar tree stores closing?
Campbell declined to specify why the Millinocket store was closing, but said Dollar Tree occasionally closes stores due to myriad reasons such as rent increases, property sales and lease terminations . The dollar store closure news comes three months after Dollar Tree closed its Madawaska store.
You will be able to continue to buy your spatulas, laundry detergent and pasta shells for a buck. The Dollar Tree is not going out of business. We repeat: The Dollar Tree is not going out of business.
In the last step ahead of earning final approval for its takeover of Family Dollar, Dollar Tree has announced which of the company’s 330 stores it plans on selling (see the complete list below). The good news is that none of the stores will actually be closing.
How many Dollar Tree stores are in the US?
You’ll have to keep a lookout for local closures, based on the Dollar Tree website and your local outlet. But most shoppers need not worry. According to CNBC, the company operates “7,001 Dollar Tree locations and 8,236 Family Dollar stores as of Feb. 2.”.
How many Family Dollar Stores are closing in 2019?
This week, Dollar Tree Inc, the parent company of the budget stores Dollar Tree and Family Dollar, said it will close 390 Family Dollar stores in 2019.
Even after the switchover, Family Dollar will still have 7,800 stores in nearly every state in the country. That number could dwindle further, though, as Dollar Tree has said it plans to rebrand at least a handful of Family Dollar stores as Dollar Trees, as an experiment.
Is Dollar Tree rebranding Family Dollar as dollar trees?
That number could dwindle further, though, as Dollar Tree has said it plans to rebrand at least a handful of Family Dollar stores as Dollar Trees, as an experiment .
What is Dollar Tree doing to prepare for the future?
Gary Philbin, the CEO of Dollar Tree, is keen on continuing to update its stores, in the hopes that it’ll find the right formula to face the competition . The company plans to renovate 1,000 stores and introduce new profit-friendly products like freezer food and alcohol.