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Dollar Tree to sell 330 Family Dollar stores; misses on Q1 results
Chesapeake, Va. – Dollar Tree Inc. plans to sell about 330 Family Dollar stores to obtain Federal Trade Commission (FTC) approval of its pending $8.5 billion acquisition of Family Dollar Stores.
The company has not identified the buyer, the sale amount or which stores will be closed. The 330 Family Dollar stores represent about $45.5 million in operating income, according to Dollar Tree. Dollar Tree expects the Family Dollar purchase to go through in July 2015.
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A&F exec named Big Lots general counsel
A legal veteran of Abercrombie & Fitch and Harvard Law grad has been named general counsel for Big Lots.
Ronald "Rocky" Robins Jr. becomes SVP general counsel and corporate secretary at Big Lots. Robins will be a member of the executive leadership team of the company and report directly to David Campisi, CEO and president.

