Overview

• 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.