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These days, it seems that there are more places of trees and family dollars than ever before. Some cities have even started to reject propagation of the co -owner chain due to the impact it may have on the communities that it is supposed to serve. But now Family Dollar and Dollar Tree have announced that they would close a large number of locations in The coming months Due to the robbery of business.

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On March 13, Dollar Tree announced that he had displayed a net loss of the fourth quarter of $ 1.71 billion, reports Reuters. The retailer also failed its sales estimates, displaying $ 8.63 billion instead of the $ 8.67 billion expected by analysts. In comparison, the company recorded a profit of $ 452.2 million last year.

Consequently, the company says that it plans to close around 600 family dollars stores in the first half of this year , Reports cnn. He will also close 370 more in the coming years, when individual store leases expire, as well as trees of 30 dollars.

During a call for results last December, Dollar Tree CEO Rick Dreiling says that a Massive reminder Over -the -counter medication sold in stores had affected sales and suggested that the company was planning to reduce its footprint, reports Fox Business.

"To this end, we have launched a complete review of our family dollar portfolio to approach the underperforming stores which are not aligned on our transformative vision of the company," he said.

The two retailers at reduced prices met in 2015 when Dollar Tree bought the family dollar in difficulty for 8.5 billion dollars, reports CNN. But even after the company worked to improve stores, increased competition and economic changes have made the task difficult for the retailer.

The company - which has currently finished 16,700 stores in 48 states and Canada - learned with an impregnation that he would make 400 locations in 2019, by Bloomberg . Experts say that the last announcement shows that the retailer is still struggling to stabilize the company. "Nearly $ 2 billion in matching deficiency charges suggest that generalized efforts to improve operations have had mixed results and that the right formula remains elusive." Jennifer Bartashus And Jibril Lawal , Analysts of Bloomberg Intelligence, wrote in a note.

An increased examination of the chain about its business practices and store safety has not been subtle. Last September, Matt O'Shea , Alderman of the 19th district of Chicago, sent a letter At Chicago Department of Business Affairs & Consumer Protection detailing a dollar trees store in its district which had garbage overflowing with its shop window, "dangerous construction conditions" and other problems.

And in November 2023, Detroit officials Pushed back against the propagation of stores to a dollar like Dollar Tree and Family Dollar.

"The need for such regulation stems from the uncontrolled proliferation of Dollar stores to Detroit, which, in my opinion, has had harmful effects on our community," said the member of the City Council of Detroit Angela Whitfield-Calloway written in a memo. "Dollars stores often favor the supply of processed and low -out elements, which can contribute to food deserts and worsen health disparities in poorly served neighborhoods. This can have negative effects on public health In the long term which ultimately weaken the well-being of the detectors. "