Dollar Tree Inc. has entered into a deal to sell its struggling Family Dollar business, but for a fraction of what it paid for the chain some 10 year ago.
Dollar Tree reported disappointing second-quarter earnings and sales, citing pressure on middle- and higher-income customers. The discounter also cut its full-year guidance.
Dollar General Corp. reported better-than-expected earnings and sales and issued an upbeat outook as inflation-pressured consumers shopped its stores for low-priced basics.