Dollar Tree is exploring a sale of its Family Dollar brand
DLTRDollar Tree(DLTR) CNBC·2024-06-05 20:32

Dollar Tree announced Wednesday it is considering a sale of its more grocery-focused Family Dollar brand. The company had recently shared plans to close almost 1,000 Family Dollar stores in an attempt to revamp the struggling business. The discounter closed more than 500 locations during its fiscal first quarter, it said Wednesday. "We are already beginning to see progress in this targeted strategy in the streamlined Family Dollar banner," the company said in a press release. "The unique needs of each banne ...