Assuming its new owner will actually fix what's actually ailing it, a new-and-improved Family Dollar will rattle the rest of the retailing industry.

Dollar Tree (NASDAQ:DLTR) is reportedly close to selling its Family Dollar business to a duo of private-equity investors for about $1B. Citing sources, the Wall Street Journal reported that investment managers Brigade Capital Management and Macellum Capital Management are set to buy the discount-retail chain,

Dollar Tree Inc. bought Family Dollar with its over 7,000 stores ten years ago for more than $8 billion. Neil Saunders, managing director of GlobalData, said that Dollar Tree struggled with supply chain issues,