Dollar Tree sells Family Dollar for a big loss (but more than a dollar)

A decade after buying Family Dollar for $8bn, Dollar Tree is selling its onetime competitor for $1bn. The marriage didn't work out: it turns out there wasn't space for both a 'strict' dollar store chain (though Dollar Tree now sells things for $1.25) and a 'loose' dollar store chain (Family Dollar sells any old junk at any old price) in a world which also contains Dollar General. — Read the rest
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