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March 14, 2024

Dollar Tree to close nearly 1,000 stores, posts surprise fourth quarter loss

By MICHELLE CHAPMAN
AP Business Writer

Dollar Tree swung to a surprise fourth-quarter loss and will close nearly 1,000 stores after the discount retailer slashed the value of a rival chain it acquired almost a decade ago.

Dollar Tree plans to close about 600 Family Dollar stores in the first half of this year and 370 Family Dollar and 30 Dollar Tree stores over the next several years.


 
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