Family Dollar and Dollar Tree Plan to Shut Down 1,000 Stores
Discount store Family Dollar plans to shut down over 970 stores within the next several years.
Dollar Tree, which owns Family Dollar, announced it will close 600 Family Dollar stores in the first half of 2024 and 370 stores within the next several years.
Dollar Tree has also announced they will close 30 stores as their leases expire.
The closure announcement comes as Family Dollar’s profit earnings have been lackluster due to inflation plaguing the chain in recent years.
As The Gateway Pundit previously reported, Family Dollar has also faced significant health and safety concerns after the discount chain was fined $41.6 million for violating product safety standards after it was discovered Family Dollar warehouses were filled with live and dead rodents.
