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Stock impact report

Dollar Tree sold Family Dollar at a massive discount for just $1 billion. Just a decade ago, it was worth $9 billion [Fortune]

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: Fortune
sharp loss for the Dollar Tree, which acquired it ten years ago for roughly $9 billion. Brigade Capital Management and Macellum Capital Management will take over the nearly 7,000 Family Dollar stores. That'll halve the number of stores Dollar Tree operates under its umbrella. Why couldn't Dollar Tree make Family Dollar work? When Dollar Tree bought Family Dollar in 2015, it outbid rival Dollar General in hopes of cementing its status as the king of budget retailers. But Dollar Tree quickly learned that it had snapped up poorly maintained stores and found that Family Dollar had a different customer base that proved to be challenging to serve. Family Dollar serves lower-income shoppers and sells a range of household items at varied, but still cheap, price poi Read more
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