New York (CNN) — Dollar Tree said Wednesday it will explore a sale or spinoff of Family Dollar, less than a decade after acquiring the chain in what has turned out to be a disastrous merger. Family Dollar has around 8,000 US stores, catering to low-income customers predominantly in cities with price…
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Discount store company Dollar Tree announced Wednesday it is exploring a potential sale of its struggling Family Dollar brand and has retained JPMorgan Chase to lead a review of the business.
Discount retailer Dollar Tree says it’s looking at strategic options for the Family Dollar stores that it owns, including a possible sale of the segment. Dollar Tree said Wednesday that alternatives also include a spinoff or other disposition of the business.
Dollar Tree said Wednesday it will explore a sale or spinoff of Family Dollar, less than a decade after acquiring the chain in what has turned out to be a
Discount retailer Dollar Tree says it’s looking at strategic options for the Family Dollar stores that it owns, including a possible sale of the segment. Dollar Tree said Wednesday that alternatives also include a spinoff or other disposition of the business.
New York (CNN) — Dollar Tree said Wednesday it will explore a sale or spinoff of Family Dollar, less than a decade after acquiring the chain in what has turned out to be a disastrous merger. Family Dollar has around 8,000 US stores, catering to low-income customers predominantly in cities with price…
Dollar Tree shares fell in premarket trading Wednesday after the discount retailer announced plans to potentially sell the Family Dollar brand, while also reporting first-quarter earnings that missed estimates.
Dollar Tree has announced that it is exploring a potential sale of its Family Dollar discount store brand that it purchased in 2015 for around $9 billion.
Messy stores, high prices and over-expansion have plagued discount chain Family Dollar, which announced plans to shutter more than 900 stores across the U.S. last year.
