Two-buck shuck

Two of the dollar-store chains are about to become one:

Chesapeake, VA-based Dollar Tree announced Monday that it would acquire Matthews, NC-based Family Dollar for a whopping $8.5 billion, CNNMoney reports.

Combined, Dollar Tree and Family Dollar have more than 13,000 stores and annual revenues of $18 billion, propelling the combined company ahead of current dollar store leader Dollar General which operates 11,000 stores and has $17.5 billion in revenue.

Wait a minute. Did I say “become one”?

Officials with Dollar Tree say in a news release that the company will continue to operate under both brands when the merger is completed in early 2015.

It’s a bit startling to discover that three “dollar store” chains sold 35 billion dollars worth of stuff last year, about 20 percent more than, say, Macy’s.







2 comments

  1. Kate P »

    30 July 2014 · 4:42 pm

    Hey, they’re the only ones who have decent coloring books anymore. (For my niece and nephews, I mean–yeah, that’s the ticket. . .)

  2. CGHill »

    30 July 2014 · 5:26 pm

    As a very old fan of My Little Pony, I sneer at no one’s coloring books. (Besides, we have a staffer with a picture of Applejack, plucked from a coloring book, taped to her door.)

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