Dollar Tree is set to shutter over 370 stores across the nation, sparking concern among communities and shopping centers.

Family Dollar at 199 S. Riverside Drive, New Miami ... the company announced that about 1,000 stores under the Family Dollar and Dollar Tree brands will close over the next several years.

Dollar Tree is selling its Family Dollar business as it struggled to drive traffic. The company is selling the brand to private equity firms to the tune of $1 billion.

Dollar Tree’s decade-long effort to fold the Family Dollar chain into its business is ending after agreeing to sell the bargain store chain to a pair of private equity firms for $1 billion.

Dollar Tree said Wednesday it is selling its Family Dollar division to a partnership of Brigade Capital Management and Macellum Capital Management for just over $1 billion.