Dollar Tree to Close 75 Stores While Expanding Footprint

Retailer Expands Overall Store Count

The Virginia-based company announced the store adjustments in its first-quarter earnings report on May 28. Executives did not specify which specific locations would close.

Despite the closures, the chain expects net store growth by the end of the year. The retailer opened 113 new locations during the first quarter alone.

As of May 2, the company operates 9,382 stores across the United States and Canada. It continues to transition more locations to multi-price selling structures.

Focusing on Multi-Price Store Formats

Dollar Tree converted or added about 630 stores to its multi-price format during the first quarter. Roughly 5,900 locations now offer products at varied price points beyond $1.

Chief Executive Officer Mike Creedon stated the company remains focused on long-term investments. He noted the team is improving store conditions and expanding merchandise options.

The executive said, "As we celebrate our 40th anniversary in 2026, we are encouraged by the progress we are seeing across the Business and remain focused on making thoughtful investments in our stores, assortment and customer experience — building Dollar Tree to last for decades to come."

Targeting Wealthier Suburban Communities

The expansion strategy focuses on placing new discount stores in higher-income suburban neighborhoods. Company leaders want to attract wealthier shoppers who spend more money per visit.

Data analysis shows nearly half of all new locations opened in wealthier metropolitan areas over the past six years. That figure marks an increase from previous expansion cycles.