YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Dollar Tree is reportedly considering a sale of its grocery-focused Family Dollar brand.
"The unique needs of each banner at this time – transformation at Family Dollar and growth acceleration at Dollar Tree – lead us to the decision to conduct a thorough review of strategic alternatives for the Family Dollar business," company officials said.
Dollar Tree acquired Family Dollar in 2015 for roughly $9 billion. Roughly 500 Family Dollar locations were shuttered during Dollar Tree's fiscal first quarter, and more closures could be on the way.
Read more from CNBC.
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