Dollar Tree company announces store closures

POWELL (WNE) — While the future corporate ownership of the Powell and Cody Albertsons remain up in the air, another large company with area stores is announcing changes.

In a recent press release, Dollar Tree Inc. announced the company would be closing 600 stores in the first half of fiscal year 2024 and 400 more in the next several years.

The company has not released where the Dollar Tree and Family Dollar stores are that will face closure.

Dollar Tree Inc. also opened more than 600 new stores in the last fiscal year, and the company maintains more than 16,000 stores in the Lower 48 and in Canada.

There are Family Dollar stores in Powell and Lovell and a Dollar Tree in Cody.

During the fourth quarter of fiscal 2023, the company announced that it had initiated a comprehensive store portfolio optimization review, according to the press release, which involved identifying stores for closure, relocation, or re-bannering based on an evaluation of current market conditions and individual store performance, among other factors.

This story was published on March 21, 2024.