Daily Archives: July 28, 2014

Dollar Tree buying rival Family Dollar for $8.5 billion

dollar tree

Dollar Tree buys Family Dollar

Dollar Tree  is buying its larger rival Family Dollar  in a cash and stock deal valued at about $8.5 billion. “This acquisition will extend our reach to lower-income customers and strengthen and diversify our store footprint,” Dollar Tree CEO Bob Sasser said in a statement.

Discount chains have been struggling to boost sales as Walmart  and other retailers invaded their space by offering more items for a buck or less to lure more low-income consumers.

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