60. Family Dollar

How Many Stores Closing: Unknown

Current Value of the Business: $8.5 billion (2014 Value)*

Dollar Tree is reevaluating its Family Dollar stores, considering various options such as closures, relocations, or rebrands, as stated by CEO Richard Dreiling. With around 16,600 stores across both brands, there’s a focus on aligning Family Dollar with the company’s financial goals.

CEO Richard Dreiling highlighted the difficulties encountered by Family Dollar’s lower-income clientele, including inflation and decreased government support. Dollar Tree is committed to the success of Family Dollar, adapting to changing consumer needs and the economic environment, with the fate of some stores in 2024 yet undecided.