Dollar Tree misses holiday quarter estimates and will close nearly 1,000 stores

Dollar Tree and Family Dollar will close 1,000 stores following fourth-quarter loss. Dollar Tree announced it will record a $950 million impairment against Family Dollar's trade name in addition to a $1.07 billion goodwill charge. Family Dollar and Dollar Tree will close more than 1,500 stores.

Dollar Tree misses holiday-quarter estimates, to shut nearly 1,000 stores. Family Dollar to shutter 970 of its Family Dollar stores. Dollar Tree missed Wall Street expectations for quarterly sales and profit on Wednesday. Company also missed holiday quarter sales, profit and sales growth. Company says it will close 970 of Family Dollar's stores.

Dollar Tree posts quarterly loss, incurs over $1 billion in charges on store closure plans. Dollar Tree says it plans to shut nearly 1,000 stores. Company says it will take a more than $1 million goodwill impairment charge and store closures to blame for loss.

Dollar Tree will close nearly 1,000 stores and swing to surprise fourth quarter loss. The discount retailer took a related $1.07 billion goodwill impairment charge. Dollar Tree also took a surprise fourth-quarter loss as the discount retailer posted a surprise $2.2 billion loss.

Dollar Tree announced on Wednesday that it plans to close nearly 1,000 U.S. Family Dollar stores. The company reported quarterly results that missed Wall Street expectations. Dollar Tree to close around 1,400 Family Dollar Stores in the United States. The move comes after disappointing results for the company in the first quarter.