Dollar Tree Set to Revive Dozens of 99 Cents Only Stores as Company Reveals the 4 States It Plans to Open 50 Stores

DOLLAR Tree is expected to open dozens of new locations following the demise of one of its competitors.

Regional discount chain 99 Cents Only declared bankruptcy in April, closing all of its 371 stores.

Now, Dollar Tree is taking over some of its locations.

In May, the company said acquired the rights to the 99 Cents Only brand and would take over 170 of its stores.

While many 99 Cents Only locations are already closed for good, Dollar Tree said it will reopen them as early as this fall.

It is currently unclear whether the stores will be fully renamed to Dollar Trees.

Court documents reviewed by The US Sun revealed some of these locations.

LIST OF STORES

The locations are in four states.

In Arizona, Dollar Tree is taking over leases for seven stores.

• Casa Grande – Avenida E. Florence
• Glendale – N. 67 Avenue
• Gilbert – N. Gilbert Road
• Phoenix – 43 and Bell Road
• Phoenix – N. Tatum Road
• Phoenix – Indian School Road

Dollar Tree is taking over 6 locations in Texas.

• Arlington–Pioneer Parkway
• Houston – Bissonet, Houston
• Houston-Stella Link Road
• Humble – FM 1960
• Katy – N. Fry Road
• Mesquite – N. Galloway Ave

Four locations in Nevada are being taken over.

• Carson City – E. William Street
• Henderson – Marks Street
• Las Vegas – S. East Avenue
• Reno – S. Virginia Street

California has the most locations slated to become Dollar Trees.

• Atascadero-El Camino Real
• Bakersfield – Centennial Plaza Way
• Bakersfield – Olive Drive
• Duarte – E. Huntington Drive
• Fresno – N. First Street
• Huntington Park – E. Florence
• Livermore – Railroad Ave
• Moreno Valley – Cottonwood Avenue
• Hollywood North – Lankershim
• Oxnard – S. Rose Ave
• Palm Springs – S. Sunrise Way
• Pomona – Arrow Highway
• Ramona – Main Street
• Riverside – 11160 Magnolia Avenue
• Riverfront – Avenida Magnólia, 9915
• Rohnert Park – Rohnert Park Expressway
• Salinas – Laurel Drive
• San Diego – Market Street
• San Luis Obispo – Madonna Road
• San Pedro – S. Gaffey
• Santa Bárbara – State Street
• Santa Fe Springs – Telegraph Road
• Sonora – Mono Way
• Thousand Oaks – E. Avenida de los Arboles
• Tracy – W. Grant Line Road
• Vacaville – Peabody Road
• Vallejo – Sonoma Boulevard
• Wilmington – West Anaheim Street

Dollar Tree did not comment on the records in communications with the US Sun.

How does bankruptcy work?

Bankruptcy is a specific legal process that helps businesses eliminate debts they cannot pay.

The process allows businesses to start from scratch and gain access to new credit.

Overseen by federal courts, bankruptcies allow a company to more easily sell its assets to pay creditors, according to Investopedia.

Chapter 11, a common process for businesses, is used to restructure a business with the goal of staying open – even if it means selling most of the company’s properties.

Chapter 7, on the other hand, sells all of a company’s assets, putting it out of business.

Chapter 15, alternatively, allows collaboration between U.S. and foreign courts to conduct bankruptcy proceedings with “parties of interest involving more than one country,” according to the United States Courts.

GROWING TREE

Dollar Tree also owns Family Dollar, which was once a major competitor.

Now, Dollar Tree is closing 1,000 of the brand’s locations after financial losses.

Some Dollar Tree locations have also closed.

Dollar General is removing certain items from its stores.

Dollar Tree has raised its prices once again.