Dollar Tree to Close Nearly 1,000 U.S. Stores After Quarterly Loss

Published: 13 March 2024 at 17:11

Business

Dollar Tree announces the closure of nearly 1,000 U.S. stores, with 600 Family Dollar stores to close in the first half of 2024 and additional closures over the next few years. The company incurred charges of $594.4 million for this store portfolio review, reporting a net loss of $1.71 billion in the latest quarter. Dollar Tree attributes closures to underperformance and market conditions, expecting sales for the year to range between $31 billion and $32 billion.