Dollar Tree Announces 75 Store Closures While Expanding National Presence in 2026

Dollar Tree plans to close approximately 75 stores during fiscal 2026 while continuing to expand its overall footprint, according to its first-quarter earnings report released May 28, 2026. The company did not specify which locations will be affected.

Despite the closures, the discount retailer aims to open around 400 new stores this year, resulting in a net increase in its total store count. As of May 2, the company operated 9,382 locations across the U.S. and Canada. During the first quarter, Dollar Tree opened 113 stores and converted or expanded approximately 630 locations to its multi-price format, with roughly 5,900 stores now offering varied pricing.

CEO Mike Creedon emphasized the company’s focus on enhancing store conditions, broadening product selections, and strengthening customer relationships. “As we celebrate our 40th anniversary in 2026, we are encouraged by the progress we are seeing across the business and remain focused on making thoughtful investments in our stores, assortment and customer experience — building Dollar Tree to last for decades to come,” he stated.

The strategy reflects Dollar Tree’s push to establish stores in more affluent areas to attract higher-income shoppers who typically spend more per visit. A February analysis by Bloomberg News revealed that 49% of new Dollar Tree stores opened in the past six years were located in wealthier metropolitan regions, up from 41% in the previous six years.

Customers shop at a Dollar Tree store on Aug. 2, 2022 in Chicago, Illinois. Dollar Tree expects its overall store count to grow as it opens roughly 400 locations in fiscal 2026. (Scott Olson/Getty Images)

A woman shops for items at a Dollar Tree store on April 28, 2025, in Alhambra, California. Dollar Tree also converted or added roughly 630 locations to its multi-price format during the first quarter of 2026. (FREDERIC J. BROWN/AFP via Getty Images)

Dollar Tree carts sit in a store in Brooklyn on March 26, 2025, in New York City. CEO Mike Creedon said the retailer remains focused on improving store conditions, expanding its merchandise assortment and strengthening its relationship with customers. (Spencer Platt/Getty Images)

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