Verkkonew york cnn β€” dollar tree said wednesday it will explore a sale or spinoff of family dollar, less than a decade after acquiring the chain in what has.

Verkkonew β€œtrial” customers during the recession helped expand the sector’s share of wallets.

Verkkofamily dollar's parent company said thursday it plans to cut prices at the discount chain and spruce up its stores to boost sales.

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The same could happen today, which helps explain why family.

Verkkofollowing the new financial reports, consumers might start noticing even lower prices when shopping at one popular dollar store chain.

Now, executive are taking initiative and.

Verkkodiscount retailer dollar tree inc.

Verkkodollar tree said wednesday it is exploring the sale of its family dollar brand, just a few months after it announced plans to close more than 900.

Verkkothe family dollar deal, struck at an enterprise value of $9. 2bn after a fierce bidding war with dollar general, has instead left the retailer exposed.

It bought the struggling discount chain for more than $9bn in 2015.

Verkkothe news comes after the family dollar has been making headlines for closing stores across the country, particularly in regions where low income.

Is reviewing options for its troubled family dollar business, including a potential sale or spinoff.

Verkkodue to its often higher prices in stores, the discount chain has been struggling to keep up with its rivals.

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