Discount retailer Dollar Tree is planning to close up to 390 Family Dollar stores this year while renovating 1,000 and converting 200 store banners from Family Dollar to Dollar Tree, the company said in a recent statement.
According to the March 6 statement, the company also plans to open 350 Dollar Tree and 200 Family Dollar stores amid the announced closures.
"We have not shared a listing of stores that will, or may, close," Kayleigh Painter, manager of investor and media relations at Dollar Tree, said in a Friday email.
It is unclear when the list of definite and potential store closures will be released and what store renovation and closure timelines will look like. Painter did not immediately respond to a request for additional comment Tuesday afternoon.
The company said in its March 6 news release it also plans to start selling alcohol in about 1,000 Family Dollar stores and expand freezers and coolers in about 400 Family Dollar stores. It also said in the release it plans on testing price points above $1 in its Dollar Tree stores and adding Dollar Tree sections to renovated Family Dollar locations.
Store representatives from the Montgomery Family Dollar location were not immediately available for comment Tuesday afternoon. An assistant manager from the Plano location, who did not provide their name, declined comment Tuesday afternoon.
Dollar Tree, a Fortune 200 Company, bought Family Dollar in July 2015. The company operated 15,237 Dollar Tree, Family Dollar and Dollar Tree Canada stores as of Feb. 2 across 48 states and five Canadian provinces.