Published on 30 May 2024 on Austin American-Statesman via Yahoo Finance
Many 99 Cents Only stores will reopen as Dollar Trees, after the former closed all of its 370 locations.
Dollar Tree announced Wednesday it had acquired leases for 170 99 Cents Only store locations in Texas, Arizona, California and Nevada.
In addition to the locations, Dollar Tree also bought the North American intellectual property rights for 99 Cents Only as well as some furniture and equipment left inside the stores. Dollar Tree will reopen the stores as soon as this fall under its own brand and with its own products.