Dollar Tree is closing 1,000 stores, including 600 Family Dollar locations in 2024. Here's where.

Dollar Tree announced that it is closing nearly 1,000 stores amid flagging sales, including 600 of its Family Dollar store locations in 2024. 

The discount retailer also plans to close an additional 370 Family Dollars, plus 30 Dollar Tree stores over the next few years, at the end of their leases. In total, the planned closures represent about 15% of its Family Dollar locations.

The retailer's family of brands has struggled as inflation impacts its low-income shoppers' wallets. More customers are shopping around and comparing prices at competing retailers to ensure they are getting the best deal, while more incidences of shoplifting are also hurting its bottom line, the retailer has said.