Once the popular discount retailer was sold for cents in the dollar

Transcription:

Loren Torres: After a purchase of $ 9 billion and 10 years of sales in difficulties, Dollar Tree is selling its family dollar arm. The discount brand will be sold to a couple of private capital companies for only $ 1 billion.

From the sale, Dollar Tree said that “the best value unlocks for the shareholders of Dollar Tree and positions the family dollar for future success.”

Dollar Tree initially bought Family Dollar to help the company compete with larger competitors.

Related: Dollar Tree Problems Severe Warning About its prices

However, the stores themselves did not remain in good condition and many of them cannibalized their own sales because the locations opened too close to each other. In addition to that, Family Dollar was beaten with a fine of $ 41.6 million in 2024 for violating product safety standards.

Family Dollar currently has around 8,000 stores in the United States.

That will do that for your daily information session. From New York City, I am Loren Torres with Thatleet.