Dollar Tree announced plans Wednesday to close nearly 1,000 U.S. stores in its portfolio after suffering a significant quarterly loss.&nbsp;

As part of its portfolio optimization, the company will close 600 of its Family Dollar stores in the first half of the year. An additional 370 stores will close once their leases expire, the company said in its fourth-quarter earnings report.&nbsp;

The company incurred a net loss of $1.71 billion in the three-month period.&nbsp;

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Dollar Tree announced on Wednesday that it plans to close nearly 1,000 U.S. Family Dollar stores after reporting quarterly results that missed Wall Street expectations.{ai:summary}<p>Dollar Tree to shutter 1,000 US stores due to major losses. 600 Family Dollar stores to close first, followed by 370 more. Net loss of $1.71 billion in last quarter. #economy</p>

Dollar Tree to close around 1,000 Family Dollar stores

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