Dollar Tree’s ambitious announcement last fall to refurbish 1,000 of its Family Dollar locations and to turn 200 of them to Dollar Tree locations signaled a strategy to reposition the company. Today’s announcement of Family Dollar store closures is a sign of just how difficult it has been to integrate its acquisition of the discounter.
“The company’s balance sheet remains strong with strong credit metrics and healthy cash flow generation and its plan to rationalize and optimize the Family Dollar store base through store closures, rebranding and remodeling is a positive and will improve performance further in 2019,” Moody’s Vice President Mickey Chadha said in comments emailed to Retail Dive.
