Dollar Tree To Rebrand Deals Stores

Dollar Tree Inc said Tuesday it will rebrand all 222 Deals stores by the end of July 2016. Dollar Tree acquired 138 Deals stores on March 29, 2006. The majority, 217, will be converted to Dollar Tree and the remaining five will become Family Dollar locations, the company said in a statement. Deals stores span across 19 states. Dollar Tree completed the acquisition of 8,200 Family Dollar stores in 46 states on July 6, 2015. Hundreds of Family Dollar stores will be converted to Dollar Tree, with at least 150 to be completed this month and additional changes planned for 2016. Dollar Tree operates a total of 13,864 stores in 48 states and five Canadian provinces. Dollar Tree is down 23.2% for the past three months. The S&P is down 3.9% for the same period.