Dollar Tree to close nearly 1,000 stores

By Thomson Reuters Mar 13, 2024 | 5:49 AM

(Reuters) – Dollar Tree said on Wednesday it would close 600 Family Dollar Stores in the first half of the year and roughly 370 more stores due to lease expiry.

The company said it also took a $594.4 million charge for portfolio optimization review, a $1.07 billion goodwill impairment charge and a $950 million trade name intangible asset impairment charge.

(Reporting by Granth Vanaik and Anuja Bharat Mistry in Bengaluru; Editing by Pooja Desai)