Family Dollar will close nearly 400 stores

Article Image

Family Dollar will close 390 stores this year and make big changes to the stores it is keeping open as the discount chain seeks a turnaround.Family Do...

Posted: Mar. 6, 2019 10:45 AM

Family Dollar will close 390 stores this year and make big changes to the stores it is keeping open as the discount chain seeks a turnaround.

Family Dollar sells a variety of items for under $10 at rural and urban locations. Dollar Tree bought the company in 2015. But Family Dollar has struggled, and Dollar Tree is under heavy pressure from an activist investor to sell or revitalize the ailing line.

Dollar Tree, which sells everything for $1 and caters more to mid-income customers with suburban stores, has a plan for Family Dollar: Close stores, re-brand some locations as Dollar Tree, and renovate others with $1 Dollar Tree merchandise sections.

"We are confident we are taking the appropriate steps to reposition our Family Dollar brand," Dollar Tree CEO Gary Philbin said in a news release Wednesday.

This is a developing story.

Article Comments

Terre Haute
Few Clouds
57° wxIcon
Hi: 64° Lo: 43°
Feels Like: 57°
Robinson
Clear
59° wxIcon
Hi: 64° Lo: 42°
Feels Like: 59°
Indianapolis
Broken Clouds
54° wxIcon
Hi: 63° Lo: 41°
Feels Like: 54°
Rockville
Few Clouds
57° wxIcon
Hi: 63° Lo: 41°
Feels Like: 57°
Casey
Clear
56° wxIcon
Hi: 63° Lo: 43°
Feels Like: 56°
Brazil
Few Clouds
57° wxIcon
Hi: 63° Lo: 41°
Feels Like: 57°
Marshall
Few Clouds
57° wxIcon
Hi: 63° Lo: 43°
Feels Like: 57°
Showers ending; sunny afternoon.
WTHI Planner
WTHI Temps
WTHI Radar

WTHI Events