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0.00303657694962041 0.000552104899931073 -0.0124223602484473 -0.0198757763975155 -0.0467908902691511 -0.0296756383712906 -0.0309178743961352 -0.0280883367839889
Stock impact report

Dollar Tree offloads struggling Family Dollar chain for $1 billion [Yahoo! Finance]

Dollar Tree, Inc. (DLTR) 
Last dollar tree, inc. earnings: 3/4 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: dollartreeinfo.com/investors
Company Research Source: Yahoo! Finance
for about $1 billion, bringing an end to its nearly year-long search for potential buyers for the troubled discount-store chain. The 66-year-old business, which Dollar Tree bought in 2015 for about $9 billion, has been grappling with competition from big-box retailers such as Walmart and online retailers, including Amazon, Shein and Temu. "It is truly 'addition by subtraction' as Family Dollar had been a consistent weight on topline performance, margin rate, and management time," Evercore analyst Michael Montani said. The Family Dollar chain struggled with sales of higher-margin discretionary items such as home decor and apparel, as consumers pared back spending due to inflation. Shares of Dollar Tree jumped as much as 6% in premarket trading on offloading the business to Brigade Capital Management and Macellum Capital Management, before paring some gains following the company's comment on cost pressures. Dollar Tree said it expected a roughly $20 million per month impact fr Show less Read more
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