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VisitMost profitable new Dollar Tree store location from acquired 99 Cents Only stores by Q2 2025
California • 25%
Arizona • 25%
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Dollar Tree's quarterly financial reports or industry analysis
Dollar Tree Acquires 170 99 Cents Only Stores, Reopening This Fall in Southern California
May 30, 2024, 09:00 AM
Dollar Tree Inc. has completed a significant acquisition, securing the lease rights for 170 shuttered 99 Cents Only stores across Arizona, California, Nevada, and Texas. The acquisition includes nearly half of the 99 Cents Only locations, which filed for bankruptcy in April and subsequently closed all 370 of its stores. Dollar Tree announced this acquisition on Wednesday and plans to reopen these stores under its own branding, with a focus on welcoming former 99 Cents Only customers. The transition is expected to begin as early as this fall, providing the Virginia-based chain a cost-effective expansion strategy, particularly in Southern California where most of the acquired stores are located.
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$9.50 billion to $9.90 billion • 34%
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C&S Wholesale Grocers • 33%
Kroger • 33%
Albertsons • 34%
All planned stores divested • 25%
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Better than Dollar General • 25%
Better than Walmart • 25%
Underperforms all • 25%
Better than Target • 25%