Verkkoon wednesday, dollar tree said that it would record a $950 million impairment against the trade name family dollar, on top of a $1. 07 billion goodwill.
Verkkodollar tree will close nearly 1,000 stores and swung to a surprise fourth quarter loss as the discount retailer took a related $1. 07 billion goodwill.
Verkkothe largest number of store closures stems from dollar tree's announcement earlier this year that it plans to close more than 600 family dollar.
Verkkodollar tree on wednesday said it plans to close nearly 1,000 stores over the next several years, after disclosing significant losses in its latest earnings.
Verkkodollar tree plans to shutter nearly 1,000 family dollar stores as the discount retailer moves to revamp its business by expanding its food aisles and.