Verkkodollar tree will close nearly 1,000 stores and swung to a surprise fourth quarter loss as the discount retailer took a related $1. 07 billion goodwill impairment charge.

Verkkodollar tree plans to shutter nearly 1,000 family dollar stores as the discount retailer moves to revamp its business by expanding its food aisles and.

(nasdaq:dltr) are setting plans in motion to close approximately 1,000 stores.

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