Family Dollar Finally Up For Sale

Dollar Tree has announced that it will explore a sale or spinoff of Family Dollar, less than a decade after acquiring the chain in what has turned out to be a disastrous merger, Nathaniel Meyersohn reported for CNN.

Last year, Family Dollar announced plans to close more than 900 stores. I Photo: Michael Rivera Wikimedia Commons

Family Dollar has around 8,000 US stores, catering to low-income customers predominantly in cities with prices typically ranging from $1 to $10. The chain has struggled in recent years.

Last year, Family Dollar announced plans to close more than 900 stores.

Dollar Tree CEO Rick Dreiling said in a statement that the “unique needs” of the two different chains led the company to explore a split from Family Dollar.

Dollar Tree typically has stores in suburban areas and focuses on middle-income consumers, unlike Family Dollar, which is located in more urban areas and caters to lower-income customers.