Dollar Tree said it will close nearly 1,000 Family Dollar stores — some closures are imminent.
Analysts say the chain has been a nightmare acquisition for Dollar Tree.
AdvertisementWhen Dollar Tree announced it would acquire Family Dollar nearly 10 years ago, its then-CEO Bob Sasser described it as a "transformational opportunity."
"With the acquisition of Family Dollar Stores, Dollar Tree will become a leading discount retailer in North America," he said.
Analysts have described Family Dollar as the problem child of Dollar Tree and say it's generally been a drag on company earnings.
Persons:
—, Bob Sasser
Organizations:
Analysts, Service, Dollar, Business
Locations:
North America