Dollar Tree closing stores
Some dollar store chains also closed hundreds of stores in 2023, led by Family Dollar with more than 100 closures. Competitor Dollar General closed 74 locations, while Dollar Tree (which also owns Family Dollar) closed 59 shops.
But despite these closures, dollar stores are a growing business in the U.S., with these retailers — which tend to sell items for about $1 each — announcing 1,600 new store openings in 2023. That represents about one-third of all new openings this year.
And the discount retailers already have big plans for 2024, targeting more than 1,500 new stores between them next year.
