Dollar Tree will shutter 1,000 Family Dollar and Dollar Tree stores across the country, the company reported in its 2023 fourth-quarter earnings report on March 13.

The first round of closures: 600 Family Dollar stores in the first half of 2024.

Dollar Tree’s next round of closures: 370 Family Dollar stores and 30 Dollar Tree stores over the next several years.

The company has not yet identified the stores at risk of closing, saying only that closures will occur as leases expire.

Retro 102.5 logo
Get our free mobile app

Colorado consumers could also see Dollar Tree stores relocate or be renamed and operate another banner as a part of the company’s performance review.

Dollar Tree has more than 200 stores in Colorado and 15,237 across the country and in Canada.

Family Dollar has 8,459 locations, with 126 in Colorado.

Recently, CEO Rick Dreiling said, “accumulating pressures of inflation, reduced government benefits, and depleted savings have negatively affected lower-income consumers,” which Dollar Tree focuses on serving with its two retail chains.

Still, the company reports that it has grown more than competitors in the discount store space.

dollar tree in windsor, colorado
Christine Kapperman/Townsquare Media

Is it even the Dollar Tree even a dollar store anymore?

Dollar Tree shifted from its dollar-a-product fixed-price model in 2021. At the time, the company said this would allow it to reintroduce discontinued products and expand its offerings.

The $1 price point increased to $1.25 in 2022.

Dollar Tree’s CEO said Wednesday, March 13, that the “multi-price rollout” will continue.

About 5,000 stores including those in Windsor and Loveland, Colorado, include $3 and $5 products, according to the earnings press release. Meanwhile, the company continues to grow its food sales, too, with $3, $4 and $5 frozen and refrigerated items at more than 6,500 Dollar Tree stores.

Discount Store Theft Has Grown: Here's What Coloradans Steal at Walmart

Colorado loves shopping at Walmart. Sadly, it seems several people also love stealing from Walmart. The website "Aisle of Shame" recently shared a list of the most stolen items from Walmart stores. What item surprises you the most?

Gallery Credit: Wesley Adams

Yikes! 11 Items Not to Buy at Walmart Stores in Colorado

How many times per week do you visit your local Walmart store? It can be pretty convenient to run in for a gallon of milk, or to stop at the pharmacy, but when was the last time you did a little price checking at your local box store? Let's take a look at ten items recently listed by

Gallery Credit: Wesley Adams


More From Retro 102.5