Dollar Tree Acquires 170 99 Cents Only Stores for Western Expansion

The acquisition includes stores in Arizona, California, Nevada, and Texas, with plans to reopen under the Dollar Tree brand by fall 2024.

99 Cents Only Stores filed for Chapter 11 bankruptcy in April, leading to the closure of all 371 locations.
Dollar Tree's acquisition includes select furniture, fixtures, equipment, and intellectual property from 99 Cents Only Stores.
The acquisition was approved by the U.S. Bankruptcy Court for the District of Delaware in two transactions completed in May.
The move is part of Dollar Tree's strategy to secure high-quality real estate assets in priority markets for profitable growth.
Dollar Tree plans to close nearly 1,000 underperforming Family Dollar locations while expanding its presence in the western U.S.