Dollar Tree explores options for Family Dollar, including sale or spinoff, amid increased competition.

Discount retailer Dollar Tree is exploring options for its Family Dollar business, including a potential sale or spinoff, as it seeks to restructure its business amid increased competition. Acquired by Dollar Tree for $8.5 billion in 2015, Family Dollar has faced challenges such as high prices, competition from larger retailers, and over-expansion. The company plans to close an additional 150 Family Dollar stores by the end of fiscal 2024.