About 600 Family Dollar stores in the U.S. will close this year after parent company Dollar Tree announced it had experienced significant underperformance in 2023.

In the coming years, the discount chain will also close 370 Family Dollar and 30 Dollar Tree stores when each store’s current lease expires, according to a news release earlier this month.

“Although we are still in the early stages of our transformation journey, I am proud of what our team has accomplished in 2023 and see a long road of growth ahead of us,” said Chairman and CEO Rick Dreiling in the press release. “As we look ahead to 2024, we are accelerating our multi-price rollout at Dollar Tree and taking decisive action to improve profitability and unlock value at Family Dollar.”

The company has not yet announced that all locations are closing their doors, but local reports have confirmed closures in several states.

Store closures, many without official dates, have led to lower prices as venues look to clear out inventory.

Family Dollar stores are closing this year

Local outlets have reported the closure of the following Family Dollar locations:

  • Middletown, NJ: According to the Asbury Park Press, part of the USA TODAY Network, a banner at the Eastpointe Mall indicates the location is closing.
  • Tallahassee, FL: According to the Tallahassee Democrat, part of the USA TODAY Network, the West Brevard Street store will close and four other Family Dollar stores will remain available in the city.
  • Peoria, IL: Two Family Dollar stores in the city will close permanently, according to the Peoria Journal Star, part of the USA TODAY Network.
  • Lynchburg, VA: According to ABC affiliate WSET, two Family Dollar stores in the city are closing, including those on Federal Street and Campbell Avenue.
  • East Liverpool, Ohio: The store at 15 Walnut St. in downtown East Liverpool will close permanently on April 17. There is a 50% discount on many items, according to news center The Review.
  • Slocomb, AL: According to local station WDHN, the store at 534 Lawrence St. is one of the Family Dollar locations that will close.
  • Wilmington, North Carolina: Employees said two Family Dollar stores will close in the Wilmington area, including one at Greenfield Street and Carolina Beach Road, according to location station WECT.
  • Humansville, MO: According to local TV station KY3, the store at 200 E. Tilden is closing and prices have been reduced to clear inventory.
  • Willow Springs, MO: The Family Dollar store at 503 E. Main St is closing and merchandise has been reduced by as much as 90%, according to local outlet Howell County News.
  • Wichita, Kansas: According to local station KSN News, the locations at 13th Street and Broadway will close permanently.
  • Clearwater, South Carolina: The Family Dollar store at 4403 Jefferson Davis Highway in Clearwater, South Carolina is closing and many items are 50% off, according to TV station WRDW.
  • Elkins, West Virginia: According to the Inter-Mountain newspaper, the 388 Beverly Pike store is having a 50% clearance sale ahead of the closing.

Dollar Tree opened 641 stores last year

Dollar Tree opened 641 previous stores last fiscal year, including 219 in the fourth quarter that ended in early February, the news release said.

Amid the ongoing closures, a new Family Dollar store will open this year in Rochester, New York, the Rochester Democrat and Chronicle reported. The location will replace a former Walgreens store at 670 Thurston Road.

When did Dollar Tree acquire Family Dollar?

Dollar Tree announced its acquisition of Family Dollar in July 2015.

Chief Executive Officer Bob Sasser called the transaction in a press release “a transformative opportunity for our company to offer broader, more attractive merchandise assortments, with higher values, to a broader range of customers.”

How many Dollar Tree stores are there?

Dollar Tree, a Fortune 200 company, operated 16,774 stores in 48 states and five Canadian provinces as of February 3. Stores operate under the Dollar Tree, Family Dollar and Dollar Tree Canada brands.

Contributors: Ahjané Forbes, Cheryl McCloud, USA TODAY NETWORK

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