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Dollar Tree on Wednesday announced it sold its Family Dollar segment and seemingly relieved investors sent the company's stock higher on the news.

Dollar Tree is selling its Family Dollar business to private equity firms for about $1 billion, a fraction of its 2015 acquisition cost, as the brand struggled to drive traffic.

Investors are taking a positive view of Dollar Tree's sale of the flagging Family Dollar business and mixed fourth quarter results that depicted a stressed consumer.

Discount retailer Dollar Tree said Wednesday it will sell Family Dollar to private equity. The company closed about 700 FD locations in 2024.

In Stanislaus County, one family farm is still cleaning up after powerful winds in the area. The wind uprooted hundreds of trees on their property earlier in the week.