Dollar Tree will close nearly 1,000 stores and swung to a surprise fourth quarter loss as the discount retailer took a related $1.07 billion goodwill impairment charge.
Nearly 1,000 Family Dollar and Dollar Tree stores are planned to close over the next several years. - 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.almost a decade ago after a bidding war with rival Dollar General, but it has had difficulty absorbing the chain.
Saunders said in an emailed statement that nearly 12% of current Family Dollar stores will be closing over the next three years. Stripping out certain items, earnings were $2.55 per share, which is still short of the per-share earnings of $2.67 expected on Wall Street, according to a survey by Zacks Investment Research.
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