In 2015, Dollar Tree acquired Family Dollar for about $8.5 billion after a bidding war with Dollar General. Even though Family Dollar stores were renovated about four years ago, the new ownership struggled to boost the brand to its standards. After almost a decade of ownership, the company announced that close to 1,000 stores will be closed.
In regard to the closures, the company stated, "As previously disclosed, in the fourth quarter of 2023 we initiated a comprehensive review of our store portfolio to identify and address underperforming stores and invest in improved store standards and growth. Our review identified approximately 600 Family Dollar stores for closure in the first half of 2024 and an additional approximately 370 stores to be closed over the next several years during the normal course of lease expiration. Family Dollar and Dollar Tree stores are important to thousands of communities across this country. We owe it to those we serve to position all of our stores for success and meet the expectations of our valued customers and associates."
Unfortunately, for Price County, the store in Phillips closed about two years ago. According to the manager of the store in Park Falls, it will be closing in April 2024.
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