AUSTIN (KXAN) — Discount retailer Dollar Tree will reportedly be selling alcohol at Family Dollar stores in its latest effort to save the dying brant, according to a report by USA Today.
In March, the chain announced it will close nearly 400 stores in 2019 in addition to the 120 it closed last year. 200 stores will also be re-branded as “Dollar Tree.”
The two operate as a combined company but have underperformed since joining forces in 2015. The company plans to expand the party goods sections and test higher-priced products at its exclusive one-dollar locations.
Overall, the retailer’s first-quarter net sales rose 4.6% to $5.81 billion. Net income rose 66.9% to $267.9 million, the company announced in a press release.