The company announced in March that it will shutter the stores after the discount retailer it acquired nearly a decade ago plummeted in value. Dollar Tree plans to close about 600 Family Dollar stores in the first half of this year. This will be followed by the shuttering of 370 Family Dollar and 30 Dollar Tree stores over the next several years. The chain of discount variety stores has also indicated that sales are being affected by the cost-of-living crisis and inflation. But USA Today added that Dollar Tree has also been rocked by reduced government benefits for the Supplemental Nutrition Assistance Program. This has left families struggling to juggle finances, with as much as $250 less per month.