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Dollar Tree would close nearly 1,000 Family Dollar stores over the next few years

Dollar Tree which operates roughly 16,700 locations including the Family Dollar chain, said it would close nearly 1,000 Family Dollar stores over the next few years Dollar Tree’s earnings in the holiday quarter were wiped out by more than $2 billion in charges tied to a review of the company’s portfolio of stores. The company reported a loss of $1.71 billion for the three months ended Feb. 3, compared with a profit of $452.2 million, a year earlier. Sales rose almost 12% to $8.63 billion.

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