Dollar Tree reevaluates its portfolio and targets higher income consumers

Featured image of the article Dollar Tree reevaluates its portfolio and targets higher income consumers

An article by Morgane Monteiro

Publication

19 March 2024 à 09h57

Updated on 4 April 2024 à 17h54

Reading time

1 minute

Publication: 19 March 2024 à 09h57, Updated on 4 April 2024 à 17h54

Reading time: 1 minute

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An article by Morgane Monteiro

Publication

19 March 2024 à 09h57

Updated on 4 April 2024 à 17h54

Reading time

1 minute

Publication: 19 March 2024 à 09h57, Updated on 4 April 2024 à 17h54

Reading time: 1 minute

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On 13 March, discounter Dollar Tree (US$ 30.6 billion turnover in 2023, up 8%) announced closure of 6% of stores (1,000 units out of 16,774). The operator of Family Dollar (acquired in 2015 for US$ 8.5 billion), which has historically specialised in US$1 products, is to close 1,000 stores over the next few years, including 600 Family Dollar stores by June 2024. The brand of Dollar Tree will be largely unaffected by these closures. In the Q4 ending 3 February 2024, Dollar Tree posted sales...

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Article authors
Featured image of the article Morgane Monteiro
Morgane Monteiro Journalist
Featured image of the article Morgane Monteiro

Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.

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