Dollar Tree acquired Family Dollar for more than $8bn almost a decade ago but has had difficulty absorbing the chain
Dollar Tree will close nearly 1,000 stores and swung to a surprise fourth-quarter loss as the discount retailer took a related $1.07bn goodwill impairment charge.
Shares tumbled 15% before the opening bell Wednesday.
More Stories
Osamu Suzuki obituary
How could Trump’s second term affect DEI initiatives in the US?
Americans stocking up on foreign goods before Trump tariffs: ‘a sense of urgency’