Family Dollar-Dollar Tree Consolidation Continues

More than a dozen cities and towns in the Brazos Valley have a Family Dollar and/or a Dollar Tree store. Both chains are owned by Dollar Tree.

And corporate officials announced Wednesday that up to 390 Family Dollar stores are closing this year, another 200 hundred will become Dollar Tree, and at least 1,000 more will be renovated. That’s out of more than 15,000 stores in 48 states and five Canadian provinces.

Dollar Tree officials have not disclosed affected locations.

Brazos Valley locations includes Bryan, College Station, Navasota, Roans Prairie, Caldwell, Snook, Somerville, Hearne, Calvert, Bremond, Kosse, Marquez, Jewett, Centerville, and Buffalo.

Click HERE to read and download the news release from Dollar Tree corporation.

CHESAPEAKE, Va. (AP) _ Dollar Tree is closing up to 390 Family Dollar stores this year and rebranding about 200 others under the Dollar Tree name.

The company closed 84 Family Dollar stores in the fourth quarter, 37 more than originally planned. The company has said that it will renovate at least 1,000 stores this year.

Dollar Tree Inc., based in Chesapeake, Virginia, acquired Family Dollar in 2015 for almost $9 billion.

The company said Wednesday that it’s seeking rent concessions from landlords at the 84 stores closed late last year and if it doesn’t get them, it’ll speed up the pace of store closings to as many as 390 locations. Dollar Tree closes about 75 stores annually.

The company had 15,237 stores in 48 states and five Canadian provinces as of Feb. 2.

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