Why consumers don't feel confident about the economy right now Dollar Tree on Wednesday said it is selling Family Dollar for $1 billion to a pair of private equity firms, a decade after it bought ...

Dollar Tree purchased Family Dollar in 2015 for about $9 billion, hoping the merger would help both stores reach more customers. But it struggled to effectively manage the Family Dollar brand.

Dollar Tree announced on Wednesday that it has agreed to sell its Family Dollar division to a group of private equity firms in a deal valued at approximately $1 billion.

Dollar Tree is ending its short-lived and ill-fated Family Dollar experiment, offloading the discount brand for $1 billion – just a fraction of its purchase price from a decade ago.

Family Dollar has struggled since Dollar Tree bought it in 2015 for $8.5 billion. Dollar Tree believed acquiring Family Dollar would help it compete against bigger rivals. But it misjudged the deal.

Dollar Tree reported net sales of $5 billion – excluding sales from Family Dollar stores – a 2% increase in same-store sales during the three-month period ending Feb. 1, 2025.

Dollar Tree, Inc. Also on Wednesday, Dollar Tree reported a net loss of $1.71 billion, or $7.85 per share in the quarter ended Feb. 3, compared with a year-ago profit of $452.2 million, or $2.04 ...

Dollar Tree has 16,397 stores across 48 states and parts of Canada, of which 7,300 are Family Dollar. The Virginia-based company said there's no set date for when the company will make a decision ...

There are around 8,000 Family Dollar locations across the U.S., but the chain has struggled amid ambitious expansion plans and Dollar Tree had already announced in March that it would close 600 ...

Dollar Tree announced it will record a $950 million impairment against Family Dollar's trade name in addition to a $1.07 billion goodwill charge.

Family Dollar, Dollar Tree, Dollar General and other discount stores have had longstanding theft issues, operating stores with just a handful of employees who have at times been victims of violent ...