Dollar Tree and Family Dollar to close nearly 1,000 stores

Dollar Tree and Family Dollar will be closing nearly 1,000 of its stores over the next several years.⁠ ⁠ On Wednesday, Dollar Tree said that it would record a $950 million impairment against the trade name Family Dollar, on top of a $1.07 billion goodwill charge. Family Dollar will spend more than $594 million closing or rebranding stores, essentially erasing profits from the holiday season.⁠