Mike Creedon says Dollar Tree will close 75 stores this fiscal year while opening 400 new locations to improve retail standards.

Mike Creedon, CEO of Dollar Tree, confirmed that the discount retailer plans to close approximately 75 stores during fiscal 2026. This move is part of a broader strategy to modernize the company's footprint, which currently includes over 9,400 locations across the United States and Canada. While the specific locations slated for closure have not been finalized, the retailer expects to simultaneously open roughly 400 new stores. The administration of the company is focusing on upgrading locations that fall below internal standards. Mike Creedon noted that while 42 percent of stores were previously considered substandard, that figure has improved to less than one-third. To attract higher-income shoppers, the retailer is increasingly expanding into more affluent areas. These investments aim to create a consistent shopping experience and build a brand capable of lasting for decades. By being transparent about its "substandard" stores, Dollar Tree seeks to build consumer trust while balancing expansion with operational improvements.

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