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Dollar Tree to shutter 75 stores while growing its overall footprint
Fox Business • • business
Key Points:
- Dollar Tree plans to close approximately 75 stores during fiscal 2026 while simultaneously opening around 400 new stores, leading to overall growth in its store count.
- As of May 2, the retailer operates 9,382 locations across the U.S. and Canada, having opened 113 stores in the first quarter alone.
- The company is expanding its multi-price format, with about 5,900 stores now offering products at various price points to enhance customer choice.
- Dollar Tree is targeting more affluent areas to attract higher-income shoppers, aiming to increase spending per visit and diversify its customer base.
- CEO Mike Creedon emphasized ongoing investments in store improvements, product assortment, and customer experience as part of the company’s long-term growth strategy.
