Dollar Tree Plans To Close A Thousand Stores

One-thousand Family Dollar and Dollar Tree stores are closing their doors. Dollar Tree said in a press release that it operated more than 16-thousand stores in North America as of early February. During the fourth quarter of fiscal 2023, the company said it was doing a “portfolio optimization review” that included looking at which stores should be closed or relocated. As a result, Dollar Tree said it would close about 600 Family Dollar stores in the first half of 2024, followed by more closures over the next “several years” of about 400 stores as their leases end.