Overview

• The acquisition includes stores primarily in Southern California, with some in Arizona, Nevada, and Texas.
• 99 Cents Only filed for bankruptcy and closed hundreds of stores due to economic challenges and shifting consumer demands.
• Dollar Tree is expanding despite closing many Family Dollar locations acquired in 2015.
• The purchase is pending court approval and involves undisclosed terms.
• Dollar General, a key competitor, continues to expand aggressively with 1,000 new stores annually.