Family Dollar and Dollar Tree Closing 1,000 Stores Nationwide – Here’s What We Know So Far
Some Family Dollar & Dollar Tree stores will soon close.
Dollar Tree has announced they are closing 600 Family Dollar stores this year, and another 370 stores over the next several years as store leases expire. They’ll also be closing 30 Dollar Tree stores as their leases expire.
While we don’t have an official list of locations that are closing, some news agencies have self-reported for their local stores.
The Family Dollar brand was purchased by Dollar Tree in 2015 for $8.5 billion in the hopes of going toe-to-toe with rival stores like Dollar General. Unfortunately, the Family Dollar chain has continued to struggle.
Sources report that although Family Dollar has renovated thousands of stores in recent years, other stores are still poorly maintained and have poor merchandise selection.
Family Dollar also recently received a $41.6 million fine for violating product safety standards due to the presence of significant rodent activity at one of the onlinepany’s distribution centers. An FDA inspection of the distribution center revealed live rodents, dead rodents in various states of decay, rodent feces and urine, dead birds and bird droppings, and products stored in conditions that did not protect against contamination. These products were then shipped to stores in several states.
Already dealing with struggling stores and after receiving the largest-ever monetary criminal penalty in a food safety case, it’s no surprise that quite a few stores will be closing, as Dollar Tree had previously announced that they would be reviewing all Family Dollar stores to identify underperforming locations.
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