Get your bargain shopping fix right now—because Dollar Tree is closing 390 of their Family Dollar stores. With slow growth and a less-than-stellar showing last quarter, the low-priced retailer is shuttering under-performing locations and making other seriously significant changes.
Known for its $1 items, Dollar Tree is a fave among those of us who hunt for deep discounts. But it looks like the days of the dollar deals are about to wave buh-bye. According to recent reports, the brand is exploring the possibility of changes to its pricing structure—ditching the everything’s a dollar model.
So what does this mean for shoppers? As of now there’s no official confirmation on Dollar Tree’s decision to (or not to) depart from the $1 price-point. Even though nearly 400 stores are set to close, Dollar Tree (which acquired the Family Dollar brand in 2015) will still keep plenty of Family Dollar retail locations open.
The remaining Family Dollar stores are set to get a face-lift, new merch (plenty of $1 Dollar Tree items) and alcohol sections! If you’re Family Dollar does close, don’t worry about finding a replacement for the discount retailer. While big box stores like Target and Walmart may not have the same super-low prices, they do offer plenty of inexpensive options.
But if you still need your dollar store hauls, Dollar General still operates more than 15,000 stores in the United States.
Featured photo: Oleg Magni via Pexels