Dollar Tree acquired Family Dollar for more than $8bn almost a decade ago but has had difficulty absorbing the chain Dollar Tree will close nearly 1,000 stores and swung to a surprise fourth-quarter loss as the discount retailer took a related $1.07bn goodwill impairment charge. Shares tumbled 15% before the opening bell on Wednesday.
Dollar Tree to close 1,000 stores after 'botched' Family Dollar takeover
The Guardian - 13 Mar 2024 15:43
Dollar Tree acquired Family Dollar for more than $8bn almost a decade ago but has had difficulty absorbing the chain Dollar Tree will close nearly 1,000 stores and swung to a surprise fourth-quarter loss as the discount retailer took a related $1.07bn goodwill impairment charge. Shares tumbled 15% before the opening bell on Wednesday.
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