Nearly 1,000 Dollar Tree and Family Dollar businesses closing. What we know.

 After a poor 2023, Dollar Trees and Family Dollar announced Wednesday that roughly 1,000 stores would close nationwide. 

According to a firm news statement, last year's performance report showed declining sales and foot traffic. 

About 600 Family Dollar locations will close in the first half of fiscal 2024. The announcement also stated

 that 370 Family Dollar and 30 Dollar Tree locations will close over the next several years at the conclusion of their leases. 

Dollar Tree often has stores in major Texas cities. Three Texas communities have Dollar Trees in the top 10.

In a news release about its struggling finances, Dollar Tree stated it was doing a “comprehensive store portfolio optimization review.”

After that analysis, the corporation decided to eliminate hundreds of underperforming locations to maximize

The announcement also noted a $7.85 loss per share last year and the possibility of pricing increases in 2024. 

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