Family Dollar To Close Nearly 400 Stores
Dollar Tree Inc., the parent company of Family Dollar, announced they are planning to close almost 400 stores across the U.S.
Knoe.com reports 90 Family Dollar stores will be closed this year and Dollar Tree Inc. will be rebranding close to 200 more under the Dollar Tree name.
From knoe.com -
Dollar Tree Inc., based in Chesapeake, Virginia, acquired Family Dollar in 2015 for almost $9 billion. The move was expected to bolster its business and better compete with chains like Walmart and rival Dollar General Corp. But Family Dollar, hurt by unkempt stores and uninspiring assortments, has struggled and pulled down the parent company's earnings.
As I've now I can't find any information about if any Acadiana locations will be closing, but I'll let you know when I find out.