Family Dollar stores are closing (1000), owner Dollar Tree announces

[edjr 6,578]

 

Quote

 

Dollar Tree announced it will close nearly 1,000 of its Family Dollar stores after the stores experienced a significant underperformance in 2023, according to the press release by the company.

During the fourth quarter of 2023, Dollar Tree underwent a review of its stores performance to identify locations to close, relocate or re-banner, the company said.

“As a result of this review, we plan on closing approximately 600 Family Dollar stores in the first half of fiscal 2024. Additionally, approximately 370 Family Dollar and 30 Dollar Tree stores will close over the next several years at the end of each store’s current lease term,” the company said in the press release.

 

Such a solid business model. How did that happen. 

[supermike80 1,851]

Over expansion for sure.   But aren't they pretty successful overall?

[Maximum Overkill 1,822]

If you live within 5 miles of a Dollar Store then it's time to move! 

[Cdub100 3,863]

Maybe stop opening dollar stores across from another dollar store? 

[edjr 6,578]

Just now, Cdub100 said:

Maybe stop opening dollar stores across from another dollar store? 

Works well for Dunkin Donuts  

[supermike80 1,851]

1 minute ago, edjr said:

Works well for Dunkin Donuts  

And slubway

[Ron 'Tator Salad' White 116]

24 minutes ago, supermike80 said:

And slubway

And Starbucks 

[edjr 6,578]

25 minutes ago, supermike80 said:

And slubway

Not around here. 2 within 15 miles

 

my city has 6 Dunks, 1 subway and 1 starbucks and 1 mcds

[Patented Phil 1,469]

Box stores and restaurants suck.  They’re a blight on the landscape.