In accordance with CNN Business, Family Dollar will close 600 locations in 2024 and 370 stores in the next few years years, as store leases expire. Family Dollar has an estimated 8,000 stores in the United States. For its part, Dollar Tree also announced that it will close 30 stores when their leases expire.
The giant of discount stores in the United States is in monetary trouble
consumption in thrift, retail and outlet stores throughout the United States it is very common. However, for this chain, formerly known as Only $1.00, things have changed and not exactly for the better.
According to reports, Dollar Tree shares sank more than 13 percent, which represents its lowest level this year. The set of situations and the inflation that the country is going through has led managers to take urgent measures after the deterioration of the brand, as announced The Sun.
According to the aforementioned media, the company's directors hope that the closures will increase the chain's profitability, but it is likely that leave a big void for regular Family Dollar and Dollar Tree shoppers, since the branches are usually in areas with few supermarkets, big box stores and other retail options.
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