According to CNN, Dollar Tree-which owns Family Dollar-also plans to make. "We are confident we are taking the appropriate steps to reposition our Family Dollar brand," Dollar Tree CEO Gary Philbin said in a news release Wednesday.įamily Dollar, which sells a variety of items for under $10, was bought by Dollar Tree in 2015.ĬNN said investors of Dollar Tree, which sells all items for $ 1 (with the exception of some 89 cent candy), have been pushing the company to sell or change the ailing line.Ĭompany officials want to re-brand some of the locations as Dollar Trees and renovate others with Dollar Tree merchandise.Ī list of closing locations has yet to be released. Family Dollar to close nearly 400 stores Family Dollar has announced that 390 stores will close or be re-branded in 2019. Rockland County’s only Family Dollar is in Spring Valley, though its fate is unknown. Dollar Tree, which bought Family Dollar in 2015 for 8.5 billion, will re-brand around 200 stores as Dollar Tree this year. Family Dollar has announced that 390 stores will close or be re-branded in 2019.Īccording to CNN, Dollar Tree-which owns Family Dollar-also plans to make big changes to the Family Dollar stores not included in the closing and re-branding effort. Family Dollar will close 400 stores this year on top of the more than 120 it closed it 2018.
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