
Bargain retail outlet Dollar Tree is looking into a sale of Family Dollar, a chain it acquired in 2015.
Dollar Tree has recruited the help of financial advisers to conduct a strategic review of its fellow retail chain that includes a possible sale. It comes after the two chains suffered an underwhelming quarter during the Easter season, with Dollar Tree sales rising 1.7% and Family Dollar sales going up by just 0.1%.
The retailer has clarified that it has no time frame for this sale to take place and that it is possible the sale will not occur.
Dollar Tree purchased Family Dollar almost 10 years ago for $8.5 billion. However, the purchase has failed to be a success, bringing Dollar Tree’s sales to a small growth of only 1.8% in 2018.
FILE – The Family Dollar logo is centered above one of its variety stores …