Store closures have become a common story in 2026. While food and restaurant chains like Five Guys, Pizza Hut, and Papa John’s tend to grab the most of the headlines, this year has also seen closures from retail shopping brands like H&M and Glossier.
And now, another retailer is joining that list. Discount chain Dollar Tree Inc. has announced that it plans to close around 75 stores, even as it grows its overall footprint. Here’s what you need to know.
Dollar Tree to shutter 75 locations
Dollar Tree is celebrating its 40th anniversary this year. But unfortunately, its 40th will also be marked by store closures.
On May 28, Dollar Tree reported its first-quarter fiscal 2026 results, which ended on May 2. Overall, those results were healthy. The chain reported net sales of $5 billion, an increase of 7.2% over the same quarter a year earlier. Its adjusted diluted earnings per share (EPS) also grew 38.1% to $1.74.
During the same quarter, the company also opened 113 new Dollar Tree stores, bringing its total to 9,382 stores across the U.S. and Canada.
However, the company also announced that it would be closing some locations in fiscal 2026, which ends in January. Specifically, Dollar Tree said it will close approximately 75 locations during its current fiscal year.
While that number seems high, it represents less than 1% of all Dollar Tree stores.
Additionally, despite the planned closures, Dollar Tree will actually end its fiscal 2026 with more stores than it began the year with.
That’s because the company also said it expects to open approximately 400 locations during fiscal 2026. That’s a net increase of around 325 stores for the year.
Which Dollar Tree stores are closing?
Unfortunately, Dollar Tree hasn’t announced which 75 stores will shutter during its fiscal 2026.
Fast Company has reached out to Dollar Tree for comment.
As of January 2026, Dollar Tree operated more than 9,000 stores in every state in the contiguous U.S. It also operates stores in 7 Canadian provinces.
How has Dollar Tree’s stock price performed?
Investors were buoyed by Dollar Tree’s Q1 2026 results when the company announced them on May 28. The company’s stock (NASDAQ: DLTR) ended up nearly 18% higher for the day, closing at $113 per share.
Today, about seven weeks later, the company’s stock price is even higher. As of market close yesterday, DLTR stock closed at $126.38.
Since the year began, Dollar Tree’s stock price has risen about 2.7% as of yesterday’s closing price. Over the past 12 months, DLTR has climbed more than 14.7%.
Why does this sound familiar?
Store closures are not unusual for Dollar Tree. In fact, it appears to be closing roughly the same number of stores this year as it has in recent years.
According to its most recent annual report, the retailer closed 72 stores in fiscal 2025, 71 stores in fiscal 2024, and 67 stores in fiscal 2023.