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Dollar Tree to Close About 1‚000 Stores‚ Books Over $2 Billion in Charges
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Dollar Tree to Close About 1‚000 Stores‚ Books Over $2 Billion in Charges

 Dollar Tree's earnings in the holiday quarter were wiped out by billions of dollars in charges tied to a review of the company’s portfolio of stores‚ and the company plans to close about 1‚000 stores over the next few years. The dollar-store operator reported a loss of $1.71 billion‚ or $7.85 a share‚ for the three months ended Feb. 3‚ compared with a profit of $452.2 million‚ or $2.04 a share‚ a year earlier. Stripping out more than $2 billion of charges tied to the portfolio...
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