Dollar Tree selling Family Dollar — PYMNTS.com

Dollar Tree is selling its underperforming Family Dollar brand:

“The deal, which is expected to receive regulatory approval by next quarter, will see Family Dollar—operating approximately 8,000 stores across the U.S.—handed over to new ownership. The brand primarily serves low-income customers in urban areas, with prices typically ranging from $1 to $10. Despite its reach, Family Dollar has faced a series of challenges in recent years, including store closures, management difficulties, and stiff competition from larger retailers like Walmart.“

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