Dollar tree It sells it The family dollar The stores say for about one billion dollars in a step, as the company says strengthens both companies – and allows the Dollaar Tree on growth.
Capital management will buy for private stock companies and MACELLUM CAPITAL DOLLAR, The companies announced on Wednesday; Dollaar Tree estimated about $ 804 million of net sales revenue, which is expected to be closed by June 2025.
The dollar tree, Which received the family dollar in 2015 to About 9 billion dollarsLooking at a Selling or spinoff from the family dollar in June 2024 As a means of restructuring the company in the difficult retail climate with inflation and competition from adult retailers such as Walmart and online retailers including Amazon, Shein and TEMU.
Dollar tree About 600 family stores were closed in 2024 and was Plan to close 370 others – along with $ 30 tree stores – When rental contracts appeared on these sites.
CEO Michael Credon, who moved from the chief operational employee to the temporary CEO and then the CEO during the restructuring of the dollar in recent months, said that the separation from the family dollar puts the dollar tree in a “full capabilities” position, in a call with investment analysts on Wednesday.
“We will continue to grow and improve our trade business for dollar trees to increase the value of dollar tree partners, clients and shareholders with a strengthening focus on convincing initiatives, including our expanded formation, new planned new store openings throughout the United States, and transactions that enhance our growth strategy,” said Creedon in A. A press release announces the sale of the family dollar.
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Kredon said that Dollar Tree, which has $ 2900 tree stores after the opening of 525 during the past year, expects to open about 300 new stores in 2025. The retired retailer also upgrade stores to Deal with elements at $ 7. Among the stores, some of which are among the 170 properties Only 99 cents stores In the state of Arizona, California, Nevada and Texas, which she acquired in May 2024.
About 1,000 family dollars store stores will be sold in the deal.
Dollaar Tree told net sales of $ 5 billion-with the exception of sales from family dollar stores-an increase of 2 % in the sales of the same stores during the three-month period ending February 1, 2025. Traffic in dollar tree stores increased by 0.7 % and shoppers spent 1.3 % for each total purchase.
Total sales of the fourth quarter, including the family dollar, reached $ 8.26 billion, which exceeded $ 8.23 billion, estimated at the S& P Global Market Intelligence.
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