Find out if your local Family Dollar store is one of 600 closing
Newsy
Dollar Tree acquired Family Dollar in 2015, but the merger hasn’t helped improve the company's profits.
Family Dollar is set to close hundreds of stores in the first half of this year. As part of parent company Dollar Tree’s quarterly earnings report, 600 stores will close by mid-2024, and another 370 stores will shut down over the next few years as their lease expires.
Company executives cited “persistent inflation and reduced government benefits” as major contributing factors to the closures. Dollar Tree acquired Family Dollar in 2015, but the merger hasn’t helped improve Family Dollar’s profits.
Adding to the company’s troubles, Family Dollar had to temporarily close more than 400 stores in 2022 when the U.S. Food and Drug Administration report revealed a rat infestation in the company’s warehouse, resulting in multiple recalls.
The company hasn’t released a full list of Family Dollar store closures, yet. Don’t Waste Your Money reached out to parent company Dollar Tree for an updated list, but did not receive a response as of this story’s publication.
