Dollar Tree To Close Or Rebrand Up To 600 Family Dollar Stores

Buying Family Dollar is proving to be less of a bargain for Dollar Tree. Dollar Tree announced Wednesday it will close up to 390 Family Dollar stores this year and convert another 200 into Dollar Tree locations. Additionally, while trimming Family Dollar stores, it will open 200 others in an updated format, while adding 350 new Dollar Trees. Family Dollar has performed poorly in one of the fastest growing areas of retail, even before Dollar Tree bought it for $9 billion in 2015. It’s suffered from neglected stores and poor merchandise selection. Dollar Tree, the smallest of the three main dollar chains, bought Family Dollar to go toe-to-toe with Dollar General. Read more at Fortune.