The parent company of Family Dollar announced Wednesday that it's closing 1,000 stores nationwide. The news was made public in the latest quarterly meeting by Dollar Tree which owns Family Dollar.

Dollar Tree will close nearly 1,000 stores and swung to a surprise fourth quarter loss as the discount retailer took a related $1.07 billion goodwill impairment charge. Business.

Family Dollar, the struggling discount chain that caters to low-income customers predominantly in cities, said Wednesday it will close nearly 1,000 stores. CNN values your feedback 1.

Dollar Tree announced it will close nearly 1,000 of its Family Dollar stores after the stores experienced a significant underperformance in 2023, according to the press release by the company.

Dollar Tree plans to close 1,000 stores—600 in 2024, and another 370 in the years ahead—as the discount retailer reported brutal quarterly earnings. The discount chain hinted at the end of ...

Also on Wednesday, Dollar Tree reported a net loss of $1.71 billion, or $7.85 per share in the quarter ended Feb. 3, compared with a year-ago profit of $452.2 million, or $2.04 per share.

Dollar Tree swung to a surprise fourth-quarter loss and will close nearly 1,000 stores after the discount retailer slashed the value of a rival chain it acquired almost a decade ago. Dollar Tree ...

As Family Dollar struggled, rival Dollar General boomed: Dollar General has opened about 1,000 stores a year, making it the fastest-growing retailer in the United States. The company has around ...

Dollar Tree, Inc., which owns Dollar Tree and Family Dollar, will close about 1,000 stores as the discount retailer is looking to improve profitability.