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It offered a combination of closeout branded merchandise, general merchandise and fresh foods. As 99 cents only stores is going through the bankruptcy process and subsequently offloading assets, dollar tree is picking up several of that retailer’s leases in arizona, california, nevada and texas, as well as the intellectual property of the stores and some of its onsite furniture, fixtures and equipment. 99 cents only stores announced in april it would close all 371 locations

Dollar Tree Takes Over 170 Leases for 99 Cents Only Stores Locations

Dollar tree plans to reopen some of them with its own products by the fall. 99 cents only stores will close all 371 of its stores and wind down its business operations after more than four decades, the city of commerce discount chain announced thursday. 99 cent only stores are shutting down their 371 locations, with operators blaming the flailing business on unmanageable inflation and theft.

Dollar tree announced wednesday it acquired leases for 170 of 99 cents only’s stores out of bankruptcy in arizona, california, nevada and texas.