Dollar Tree Is Rolling Out a Big Expansion and Shoppers Are Extremely Excited

published May 31, 2024
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Dollar Tree Store Exterior, Manassas, Virginia, USA, July 27, 2022
Credit: refrina/Shutterstock

If you used to frequent the local 99 Cents Only store, then it is time to officially say farewell. As of Wednesday, May 29, Dollar Tree has acquired the leases for 170 different 99 Cents Only store locations across Arizona, California, Nevada, and Texas. The company’s plan is to completely transform these locations into Dollar Tree stores and to sell its own products. In other words, the 99 Cents Only stores will no longer exist.

This news comes right after 99 Cents Only filed for bankruptcy in April and closed 370 locations, and gives Dollar Tree an opportunity to expand its stores without having to pay to build new locations. Most 99 Cents Only store locations are approximately double the size of Dollar Tree, which could make the floor plan different from other usual locations.

This isn’t the first time Dollar Tree has acquired another discount retailer to expand the number of locations across the United States. Dollar Tree also owns Family Dollar, and the company has closed 600 stores during the first half of the 2024 fiscal year, with an additional 370 closing when leases expire.

However, these closings have not slowed down Dollar Tree’s efforts in expanding its product offerings to customers. Although most of the $1 items are now sold for $1.25, the company also elevated prices up to $7 this year to offer more products to customers such as refrigerated and frozen food items, pet food, and hygienic supplies.

Today 99 Cents Only is one of many discount retailers known for selling groceries at reasonably cheap prices. Thankfully, Dollar Tree’s expansion of product offerings does fulfill this need for these communities as they continually expand the grocery section of their stores. Dollar Tree envisions welcoming customers in its new locations as early as fall 2024.