{"id":228536,"date":"2024-06-05T15:36:44","date_gmt":"2024-06-05T15:36:44","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/05\/dollar-tree-is-exploring-the-sale-of-family-dollar\/"},"modified":"2025-06-25T17:17:49","modified_gmt":"2025-06-25T17:17:49","slug":"dollar-tree-is-exploring-the-sale-of-family-dollar","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/05\/dollar-tree-is-exploring-the-sale-of-family-dollar\/","title":{"rendered":"Dollar Tree is exploring the sale of Family Dollar"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2024\/06\/GettyImages-2074382354.jpg?w=2048\" \/><\/p>\n<div data-cy=\"article-content\">\n<p><a href=\"https:\/\/fortune.com\/company\/dollar-tree\/\" target=\"_blank\" aria-label=\"Go to https:\/\/fortune.com\/company\/dollar-tree\/\" class=\"sc-424e8006-0 lagCOr\" rel=\"noopener\">Dollar Tree<\/a> is thinking about pruning some of its branches. The discount chain announced Wednesday it has launched a strategic review that could result in the sale or spin-off of the Family Dollar chain.<\/p>\n<div class=\"paywall\">\n<p>Family Dollar, which Dollar Tree acquired in 2015, has been struggling for some time, dragging down the parent company\u2019s earnings. In March, the company announced plans to close nearly 1,000 stores.<\/p>\n<p>The troubles haven\u2019t ended there. Dollar Tree was fined <a href=\"https:\/\/fortune.com\/2024\/02\/27\/family-dollar-agrees-pay-417m-rodent-infested-warehouse-largest-ever-monetary-criminal-penalty-food-safety-case-doj\/\" target=\"_self\" aria-label=\"Go to https:\/\/fortune.com\/2024\/02\/27\/family-dollar-agrees-pay-417m-rodent-infested-warehouse-largest-ever-monetary-criminal-penalty-food-safety-case-doj\/\" class=\"sc-424e8006-0 lagCOr\" rel=\"noopener\">more than $40 million<\/a> for a rat infestation at a warehouse, forcing hundreds of stores to close temporarily. And the chain has also been in hot water with OSHA, the Occupational Safety and Health Administration, for putting workers in <a href=\"https:\/\/fortune.com\/2023\/08\/23\/dollar-tree-family-dollar-worker-safety\/\" target=\"_self\" aria-label=\"Go to https:\/\/fortune.com\/2023\/08\/23\/dollar-tree-family-dollar-worker-safety\/\" class=\"sc-424e8006-0 lagCOr\" rel=\"noopener\">hazardous conditions<\/a>, including blocked exits and improper access to fire extinguishers.<\/p>\n<p><a href=\"https:\/\/fortune.com\/2024\/05\/30\/dollar-tree-99-cents-only-stores\/\" target=\"_self\" aria-label=\"Go to https:\/\/fortune.com\/2024\/05\/30\/dollar-tree-99-cents-only-stores\/\" class=\"sc-424e8006-0 lagCOr\" rel=\"noopener\">Dollar Tree<\/a> stores target middle-income shoppers, while lower-income consumers make up a sizable percentage of Family Dollar\u2019s customer base. A growing number of customers, though, have shifted to other retailers, including <a href=\"https:\/\/fortune.com\/company\/walmart\/\" target=\"_blank\" aria-label=\"Go to https:\/\/fortune.com\/company\/walmart\/\" class=\"sc-424e8006-0 lagCOr\" rel=\"noopener\">Walmart<\/a> and <a href=\"https:\/\/fortune.com\/company\/dollar-general\/\" target=\"_blank\" aria-label=\"Go to https:\/\/fortune.com\/company\/dollar-general\/\" class=\"sc-424e8006-0 lagCOr\" rel=\"noopener\">Dollar General<\/a>.<\/p>\n<p>The price tag for Family Dollar nine years ago was $8.5 billion. Should Dollar Tree find a buyer, it\u2019s highly unlikely the company will recoup that investment.<\/p>\n<p>\u201cThe unique needs of each banner at this time \u2013 transformation at Family Dollar and growth acceleration at Dollar Tree \u2013 lead us to the decision to conduct a thorough review of strategic alternatives for the Family Dollar business ,\u201d said Dollar Tree CEO Rick Dreiling in a statement. \u201cOur goal is to position both the Dollar Tree and Family Dollar banners to progress further and faster, and to determine whether the exclusive attention of a dedicated team will benefit both, while creating value for Dollar Tree shareholders and other stakeholders.\u201d<\/p>\n<p>Dollar Tree has not set a deadline for a decision, the company says, and notes that there are no assurances the review will result in a sale or other action.<\/p>\n<\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/fortune.com\/2024\/06\/05\/dollar-tree-exploring-sale-family-dollar\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Dollar Tree is thinking about pruning some of its branches. The discount chain announced Wednesday it has launched a strategic review that could result<\/p>\n","protected":false},"author":1,"featured_media":228537,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[149],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/228536"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=228536"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/228536\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/228537"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=228536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=228536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=228536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}