Official press release from Dollar Tree or credible financial news outlets

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.