3/7/19
by News Department on 03/07/19Family Dollar closing stores...
Family Dollar will close 390 stores this year and make big changes to the stores it is keeping open as the discount chain seeks a turnaround.
Dollar Tree bought the company in 2015 and is now under heavy pressure from an investor to sell or revitalize the ailing line. However, Dollar Tree, which sells everything for $1 has a plan for Family Dollar: to close stores, re-brand some locations as Dollar Tree and renovate others with $1 Dollar Tree merchandise sections.
Dollar Tree CEO Gary Philbin said in a news release Wednesday, the company is taking the appropriate steps to reposition the Family Dollar brand.
