Family Dollar Stores Closing!
Did you know that Dollar Tree owns Family Dollar? They were purchased in 2015 in hopes that the struggling chain of stores would improve in sales. It was not to be, and now Dollar tree has announced they plan on closing 390 stores and converting 200 more to Dollar Tree!
Sources report that Family Dollar’s failures stem from neglected stores and poor merchandise selection. In response, Dollar Tree also plans to renovate 1,000 Family Dollar locations.
Dollar Tree Price Change?
Dollar Tree is still under pressure by its investors to completely sell Family Dollar. Those investors also want Dollar Tree to start offering items at prices other than $1. Dollar Tree has responded by saying it will diversify its merchandise and prices on a test basis. Is this the last of “everything’s a dollar” – say it isn’t so 😥