On March 26, the American discounter Dollar Tree (owner of the eponymous brand and Family Dollar) reported a turnover of US$30.83 billion in 2024 via 2900 stores, up 0.8%, but a net loss that tripled in 12 months. This is astronomical, reaching US$3 billion in 2024. At the same time, the retailer is selling the Family Dollar brand (1,000 discount stores selling food and cleaning products). Acquired in 2015 for US$8.5 billion but loss-making since, the business is being taken over by the...
Acquired for US$8.5 billion, Dollar Tree sells Family Dollar for US$1 billion
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