Dollar Tree’s decade-long effort to fold the Family Dollar chain into its business is ending after agreeing to sell the bargain store chain to a pair of private equity firms for $1 billion.

Dollar Tree’s decade-long effort to fold the Family Dollar chain into its business is ending after agreeing to sell the bargain store chain to a pair of private equity firms for $1 billion.

Dollar General pointed to that benefit on Tuesday. And Dollar Tree said Wednesday that it’s seeing “meaningful” increases in store traffic from households with incomes more than $100,000.

Dollar Tree on Wednesday said it is selling Family Dollar for $1 billion to a pair of private equity firms, a decade after it bought the discount chain for more than $8 billion.

Dollar Tree says it has reached a deal to sell its long-struggling Family Dollar chain. The $1 billion sale comes a decade after the company bought the former rival.

Dollar Tree’s decade-long effort to fold the Family Dollar chain into its business is ending after agreeing to sell the bargain store chain to a pair of private equity firms for $1 billion.

Several months after saying that it would consider selling Family Dollar, Dollar Tree on Wednesday said it would sell the business to two private equity firms for $1 billion. Family Dollar had ...