Discounter To Open 3,000 Rural Dollar Tree-Family Dollar Hybrid Stores

Another one of the select few retailers to see positive momentum during the coronavirus pandemic is doubling down on its growth.
Dollar Tree announced on its year-end earnings call that it plans to open 3,000 locations of a new hybrid concept store specifically designed for rural communities of 4,000 people or fewer, Retail Dive reports. The stores combine Dollar Tree with Family Dollar, the competitor that Dollar Tree acquired in 2015, under the same roof.
The first 50 Dollar Tree-Family Dollar locations opened between 2019 and 2020, and in the fourth quarter, comparable sales at those stores rose 20%, according to Dollar Tree’s earnings call….

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