Menu

Dollar Tree acquires Family Dollar for $8.5 Billion

Jul 29 2014, 7:05am CDT | by , in News | Latest Business News

 Dollar Tree acquires Family Dollar for $8.5 Billion
/* Story Top Left 2010 300x250, created 7/15/10 */ google_ad_slot = "8340327155";

In a move to position itself better against Walmart, Dollar Tree acquires Family Dollar.

Dollar Tree, operator of discount variety stores selling everything for $1 or less acquires Family Dollar Stores for a deal valued at $8.5 Billion. Dollar Stores is a national discount retailer offering name brands and quality, private brand merchandise.

"This is a transformational opportunity," stated Bob Sasser, Dollar Tree's Chief Executive Officer. "With the acquisition of Family Dollar Stores, Dollar Tree will become a leading discount retailer in North America, with over 13,000 stores in 48 states and five Canadian Provinces, sales of over $18 billion, and more than 145,000 associates on our team. We will continue to operate under the Dollar Tree, Deals, and Dollar Tree Canada brands, and when this transaction is complete, we will operate under the Family Dollar brand as well."

 

Walmart sure will take notice about this deal. They try to be the one store for every American.

Now Watch

Share this Story

Follow Us
Follow I4U News on Twitter
Follow I4U News on Facebook

You Might Also Like

From the Web

Read the Latest from I4U News

Chipotle To Offer Delivery

Chipotle To Offer Delivery

2 days ago, 6:56am CDT

Twitter Aims to Stop Anonymous Abuse

Twitter Aims to Stop Anonymous Abuse

4 days ago, 6:57pm CDT

Comments

blog comments powered by Disqus