Dollar Tree exploring sale of Family Dollar chain

Dollar Tree exploring sale of Family Dollar chain


Bargain retail outlet Dollar Tree is looking into a sale of Family Dollar, a chain it acquired in 2015. 

Dollar Tree has recruited the help of financial advisers to conduct a strategic review of its fellow retail chain that includes a possible sale. It comes after the two chains suffered an underwhelming quarter during the Easter season, with Dollar Tree sales rising 1.7% and Family Dollar sales going up by just 0.1%.

The retailer has clarified that it has no time frame for this sale to take place and that it is possible the sale will not occur.

Trending: Megachurch pastor steps down over ‘secret sin’

Dollar Tree purchased Family Dollar almost 10 years ago for $8.5 billion. However, the purchase has failed to be a success, bringing Dollar Tree’s sales to a

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!