But that penny-pinching mentality hasn't been enough to lift sales for Dollar Tree and Dollar General .
Dollar Tree is also exploring selling off Family Dollar, its more grocery-focused brand.
Dollar General and Dollar Tree stores Getty ImagesPeter Keith, a retail analyst for Piper Sandler, said a challenging mix of factors hurt the retailers.
Family Dollar, which Dollar Tree acquired in 2015 for nearly $9 billion, is found in more urban areas and sells more food and household staples.
Dollar Tree has more than 16,000 stores, while Dollar General has nearly 20,000 locations across the U.S.
Persons:
Jeff Owens, Rick Dreiling, Peter Keith, Piper Sandler, it's, Todd Vasos, Goldman Sachs, Vasos, Piper Sandler's Keith, Keith, John David Rainey, Joe's, Mike Creedon, Creedon
Organizations:
Walmart, Dollar, Target, Costco, Sam's, Aldi, —
Locations:
U.S, Bentonville, Arkansas