Dollar Tree to close up to 390 Family Dollar stores

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Dollar Tree is closing up to 390 Family Dollar stores this yr and rebranding about 200 others beneath the Dollar Tree determine.

The agency closed 84 Family Dollar stores inside the fourth quarter, 37 higher than initially deliberate. The agency has talked about that it is going to renovate not lower than 1,000 stores this yr.

Dollar Tree Inc., primarily based in Chesapeake, Virginia, acquired Family Dollar in 2015 for practically $9 billion.

The agency talked about Wednesday that it’s in quest of rent concessions from landlords on the 84 stores closed late closing yr and if it doesn’t get them, it’ll velocity up the tempo of retailer closings to as many as 390 areas.

Dollar Tree closes about 75 stores yearly.

The agency had 15,237 stores in 48 states and 5 Canadian provinces as of Feb. 2.

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