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☆ Dollar Tree is moving into 99 Cents Only stores
  + stars: | 2024-05-29 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +1 min
Dollar Tree announced Wednesday it acquired leases for 170 of 99 Cents Only’s stores out of bankruptcy in Arizona, California, Nevada and Texas. Dollar Tree was the last dollar store chain to sell everything for $1 before raising prices in 2021 to $1.25 and above. Family Dollar has underperformed Dollar Tree and other discount chains in recent years, and it’s closing 975 stores. One challenge for Dollar Tree could be the size of 99 Cents Only stores. 99 Cents Only stores are on average approximately 20,000 square feet, more than double the size of a typical dollar store chain.
Persons: ” Michael Montani Organizations: New, New York CNN, “ Management, IRI Locations: New York, Arizona , California , Nevada, Texas, Virginia, West Coast
☆ Family Dollar is a mess. It hopes lowering prices will help
  + stars: | 2022-12-01 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +3 min
New York CNN Business —Family Dollar has lost ground in the dollar store race for years. “Family Dollar, from a pricing perspective, is in the best position in more than a decade.”The strategy appears to be working so far: Last quarter, foot traffic to Family Dollar stores increased for the first time in three years. Dollar Tree bought Family Dollar in 2014 for almost $9 billion, but these problems started before the acquisition, according to analysts. Some Wall Street investors have pressed Dollar Tree to sell Family Dollar. And new “H2” Family Dollar stores showcasing special Dollar Tree $1.25 merchandise sections and more freezers and refrigerators than traditional Family Dollar stores.
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