Struggling discount retail chain closes over 100 stores
The discount retail chain will close over 100 stores after conducting a portfolio optimization review.
Discount retailer distress dominated the retail landscape in 2024 as the subsector faced hundreds of store closings and major bankruptcy filings.
Dollar Tree (DLTR) in March 2024 revealed that it would close about 600 of its Family Dollar locations in the first half of 2024 and another 370 in the following years as their leases expire. The company also said it would close 30 Dollar Tree stores.
