Hundreds of Family Dollar Stores <br />to Shut Down Approximately 390 U.S. stores will close their doors in 2019. The chain has struggled since 2015 when it was acquired by rival Dollar Tree. In a statement, Dollar Store management says the closings <br />are apart of a plan to turn <br />the chain around. Dollar Tree CEO Gary Philbin, via statement Over 1,000 Family Dollar stores <br />are set to be renovated. Dollar Tree adds that some of its merchandise will begin to appear <br />in Family Dollar stores. Hundreds of stores <br />will also see their <br />names changed <br />to Dollar Tree.