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Verkkodollar 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.
Verkkoon wednesday, dollar tree said that it would record a $950 million impairment against the trade name family dollar, on top of a $1. 07 billion goodwill.
That's 16,000 more stores.
Verkkoin the latest business cycle, family dollar and dollar tree inc.
Verkkothe dollar store chain announced on wednesday plans to close 600 family dollar stores in the first half of fiscal 2024.
Verkkodollar tree is set to shutter almost 1,000 stores after posting a quarterly loss on wednesday.
