Dollar Tree 99 Cents Only Stores

Dollar Tree to Reopen 170 Former 99 Cents Only Stores

Bankruptcies in the Retail Sector

As the retail sector continues to struggle following the COVID-19 pandemic, there has been a recent wave of bankruptcies among regional chains. In April, California-based 99 Cents Only Stores filed for Chapter 11 bankruptcy, marking the latest in a string of closures for the discount retailer.

Acquisition by Dollar Tree

In a move that could reshape the discount retail landscape, Dollar Tree, a national company with primarily suburban locations, has announced it has acquired the leases for 170 of the shuttered 99 Cents Only Stores. These stores will be reopened with Dollar Tree's own products, beginning as early as fall 2024.

For shoppers of the 99 Cents Only chain, this acquisition could mean a slight increase in prices. Dollar Tree's products are typically priced between $1.25 and $5, while 99 Cents Only offered items for just 99 cents. However, with the addition of Dollar Tree's wider selection of merchandise, shoppers may find more convenience and variety at these locations.

The reopening of the former 99 Cents Only Stores will take place in phases, starting with 10 stores in Arizona, California, Nevada, and Texas. By the end of 2025, Dollar Tree plans to have reopened all 170 acquired stores.

The acquisition of the 99 Cents Only Stores leases represents a significant expansion for Dollar Tree, which currently operates over 16,000 stores in the United States and Canada. The move underscores the company's continued commitment to providing affordable goods to its customers.

As the retail sector continues to evolve, it remains to be seen how this acquisition will impact the competitive landscape. However, for shoppers seeking value and convenience, the reopening of these former 99 Cents Only Stores could offer a welcome addition to their retail options.