46 Dollar Tree is moving into 99 Cents Only stores

-

 

Dollar Tree announced Wednesday it acquired leases for 170 of 99 Cents Only’s stores out of bankruptcy in Arizona, California, Nevada and Texas. Dollar Tree will reopen these stores with its own products under its brand beginning in the fall.

99 Cents Only had filed for bankruptcy in April and closed all of its 370 locations.

The two chains are very different, and the announcement is a sign of consolidation in the retail industry.

99 Cents Only was a regional chain and sold groceries. Dollar Tree, a national company with mostly suburban locations, primarily offers discretionary merchandise like party supplies and home goods. Dollar Tree was the last dollar store chain to sell everything for $1 before raising prices in 2021 to $1.25 and above.

Dollar Tree also owns Family Dollar, based mostly in cities. Family Dollar has underperformed Dollar Tree and other discount chains in recent years, and it’s closing 975 stores.


Comments

Post a Comment

Popular posts from this blog

Israeli tanks penetrate the centre of Rafah and air attacks persist across the city despite global calls to end the carnage.

-
Image
  Israel has continued its assault on Rafah, ignoring a draft resolution to the UN Security Council to “stop the killing” in the city in southern Gaza. New air attacks were reported across the southernmost city on Wednesday morning, hours after witnesses and a Palestinian security source said Israeli tanks had penetrated the heart of Rafah. People are currently inside their homes because anyone who moves is being shot at by Israeli drones,” resident Abdel Khatib said. Israeli air strikes targeted various parts of the city, including the vicinity of the Badr camp and the Zourob roundabout west of the city, according to Palestinian news agency Shehab. A complete shutdown of telecommunications and internet services throughout Rafah is also reported.
Read more

Mystery about the Universe’s First Black Holes May Be Solved at Last

-
Image
  As astronomers read back into the first chapters of the universe’s history, they have uncovered a horde of gigantic black holes that seem to have matured much faster than scientists thought possible. Priyamvada Natarajan is akin to a cosmic biologist. She studies the life of these precocious black holes, objects so dense that they trap all matter and light within their grasp. As an astronomy graduate student, Natarajan was among the first to treat black holes as populations rather than individual objects by studying their general taxonomy and evolution as though they were bats in a rain forest. Now an astrophysicist at Yale University, Natarajan continues to study the behavior of these animals, and she’s turned her focus to understanding how they’re born. Traditionally, black holes form in the wake of a large stellar explosion, and they grow in mass as they feast on nearby gas reservoirs. But a handful of observations of supermassive black holes in the very early universe hav...
Read more

If Minnesota win the playoff series, they will become the first team in NBA history to advance after trailing 3-0.

-
Image
  The Minnesota Timberwolves stay alive in the NBA Western Conference finals, riding on Anthony Edwards’ game-high 29 points and Karl-Anthony Towns’s long-range shooting form for a 105-100 victory over the h With their first win in the best-of-seven series on Tuesday night, the Timberwolves earned a Game 5 at home on Thursday night, hoping to blaze a trail to become the first team in NBA history to rally and advance after trailing 3-0 in a playoff serie s.
Read more